Gold-Coin Sales Drop to Decade Low as Retail Buyers Flee: Chart

(Bloomberg) -- These days, even coin collectors have turned sour on bullion. Sales of gold coins in the first nine months of the year shrank to the lowest in a decade, U.S. Mint data show. The metal’s appeal is waning as retail investors seek better returns in equities, lured by the S&P 500 Index’s climb to records, said Peter Thomas, a senior vice president at Zaner Group LLC in Chicago.

To contact the reporter on this story: Luzi Ann Javier in New York at ljavier@bloomberg.net.

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