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Gold Collector and Investor
June 03, 2013

Bullion gold American Eagle buyers relaxed in May after their incredible buying frenzy in April when 187,500 one-ounce gold American Eagles were sold by the U.S. Mint to its Authorized Purchasers.

The May figure dropped by roughly two-thirds to 61,500.

Did buyers run out of money or are they less convinced that gold bullion’s price will move higher quickly from the present $1,395.70, according to the Kitco website this morning?

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News, Bank Note Reporter and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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