The Most Successful Coin Dealer in the World

Posted on April 13, 2011 by

It is estimated that the U.S. Rare Coin Market is a 10 Billion Dollar a year industry. This is not including Bullion Modern coins sold by the U.S. Mint. However, if we included bullion coins the estimates would uquestionably be much higher. 

For example, in 2010 the largest and most successful coin dealer in the world (U.S Mint) sold over 3.89 billion dollars in coins alone, a new record high. This was a 33.45% increase from 2009.

$50 2010_BuffaloBullion

In 2010, the American Eagle and Buffalo Coin Programs rose to a new record of more than 2.8 billion dollars in sales (an increase of 68.5% from the previous year), but note that some of the revenue also came from the increased price of silver and gold.

In 2010, the Mint sold 409,000 ounces of Buffalo Gold Coins (382,000 more ounces than in 2009.) In 2010 the Mint sold 1.43 million ounces of American Gold Bullion Coins (4 million more ounces than in 2009).

Overall, in 2010 the Mint sold a record 35.8 million ounces of Silver, Gold and Platinum bullion coins combined (8.2 million more ounces than in 2009 or a 29.7% increase).

One thing that I’ve noticed, is now that the price of Silver and Gold are increasing significantly, more and more people want to buy both metals more than ever.

Filed Under: News

Comments (2)

 

  1. Tai Lan says:

    The beauty of art work on the coin on top of price of bullion, you got a win win position.

  2. […] is not a smart way to do buy rare coins. You really must exercise good judgment and investigate the rare coin dealer. While it helps if they have a nice and easy to navigate website, this should not be the criteria […]

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