A Prudent Investment with Gold
7/11/12 at 09:04 AM 1 Comments

Lower Canadian Maple Leaf Premiums Topping American Eagle Sales

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The United States and Canada are battling each other for supremacy – over gold coins. Sales of the Canadian Maple Leaf coins topped sales of the United States Mint American Eagle gold coins in the second quarter. The reason is simple, the Canadian Maple Leaf gold coin has lower premiums than the American Eagle gold coins.

The Royal Canadian Mint announced earlier this month that its gold coin sales increased in the second quarter of 2012 over the first quarter. Meanwhile, the United States Mint said its gold bullion coin sales actually fell 40 percent over the same time period.

Last year, the United State Mint sold one million ounces of gold coins while the Canadian Mint topped those sales with 1.15 million ounces.

Reports also indicated that investors were buying silver and buying platinum coins instead of investing in gold.

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