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US gold coin sales surge in Oct. on price drop, Washington impasse

October 17, 2013 in Coins, Collecting, Gold, Gold Coins, Gold Eagles, Investing, News, Numismatica, Numismatics, Precious Metals, US Mint, USA Coins

Oct 16, 2013, Reuters (http://www.reuters.com)

* American Eagle gold coin sales reach 10,000 oz on Tuesday

* Bargain hunting rises as prices drop below $1,300

* American Eagle silver sales also greater than usual

NEW YORK, Oct 16 (Reuters) – Demand for U.S. gold coins has surged in October, reversing recent weak sales, boosted by bargain hunting as prices plunged below $1,300 an ounce and some safe-haven buying due to the U.S. budget impasse.

On Tuesday, the U.S. Mint sold 10,000 ounces of the most-popular 22-karat American Eagle gold coins, for total sales of 22,000 ounces so far in October, a Mint spokesman said.

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