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GOLD COIN SALES ACCELERATE; WESTERN MARKET FIGURES JUMP 50 PERCENT IN SECOND QUARTER

 NEW YORK, July 13 /PRNewswire/ -- Strong sales from source of the leading internationally sold gold bullion coins continued in the second quarter 1993 with total sales in western markets (North America and Europe) up 50 percent over the same period last year, according to statistics released today by the World Gold Council.
 This second quarter growth follows a strong first quarter 1993, when sales were up 21 percent compared to the previous year. Second quarter gold bullion coin sales reached a total of 348,986 ounces in western markets.
 The data includes sales of Australia's Kangaroo Nugget, Austria's Vienna Philharmonic, Canada's Maple Leaf, the United Kingdom's Britannia and the American Eagle from the United States, up to and including one ounce coins.
 Worldwide sales from source of the leading gold bullion coins increased 46 percent to 393,794 ounces in the second quarter 1993 over the same period last year. This increase was driven by demand in western markets, which accounted for 88 percent of worldwide gold bullion coin sales in the second quarter. Year-to-date, worldwide gold bullion coin sales are up nearly 30 percent to 818,842 ounces compared to figures for 1992.
 "These results confirm that there is rapidly growing demand for gold bullion coins among individual investors," said David H. Enloe, international investment manager, World Gold Council. "The World Gold Council is optimistic that aggressive sales growth of gold bullion coins will continue given current market fundamentals," he said.
 In June, the World Gold Council launched an international marketing program, including umbrella advertising, as well as cooperative programs with the individual producers of gold bullion coins to promote the benefits of consumer investment in gold coins.
 The World Gold Council, a non-profit organization of worldwide gold producers, is headquartered in Geneva, Switzerland and has offices throughout the Far East, Europe, the Middle East and the Americas. The Council works to stimulate the demand for gold worldwide.
 -0- 7/13/93
 /CONTACT: Debra Davidson of World Gold Council, 212-688-0005, or Dulcie Neiman or Katherine Cavanaugh of Dorf & Stanton, 212-420-8100, for World Gold Council/


CO: World Gold Council ST: New York IN: MNG SU:

TM-LR -- NY001 -- 0738 07/13/93 09:01 EDT
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Date:Jul 13, 1993
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