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Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136

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Over 30 Years Experience
Park Avenue has over 30 years experience buying and selling Rare Coin and Precious Metals. We have the knowledge and ability to provide our customers with the best products and services.

Customer Reviews

U.S. Mint sells 412K ounces of gold coins in Q1; best start to the year since 1999

Wednesday, April 7, 2021

Gold last traded at $1,741 an ounce. Silver at $25.25 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Wednesday on a weaker dollar. U.S. stocks were little changed as investors awaited details from the Federal Reserve's last policy meeting.

KITCO--"Investors are taking advantage of lower prices to load up on the physical metal as the U.S. Mint sees its best start to the year and the best quarterly sales in more than 20 years.

Sales data compiled by the U.S. mint shows that 412,000 ounces in various denominations of American Eagle Gold bullion coins were sold in the first quarter of 2021, up more than 88% from the first quarter of 2020.

This is the largest sales pace for the mint since the third quarter of 1999. The strong quarterly numbers were supported by hefty sales in January and February....

'In a world of uncertainty, investors are eager to get their hands on physical gold,' said Ronald-Peter Stoeferle, fund management at Incrementum AG. 'This rise in physical demand will provide important support for gold's long-term bull market.'

'Gold is a lot cheaper compared to other overvalued assets. Physical gold has also proven its validity over the years,' Mr. Stoeferle added.

Silver bullion demand also saw a strong start to the year as the U.S. Mint sold 12.05 million one-ounce American Eagle silver bullion coins. Silver coin demand is up 20% compared to the first quarter of 2020."

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