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Posts tagged as “US Mint”

The American Silver Eagle Is Doing Something Most Are Unaware Of

US Mint sales of bullion coins increased across most selections. Overall sales of gold coins rose 3,000 while silver coins increased 399,000, underscoring how silver’s reasonable price spurs silver buying among wider swathes of the population than gold.

Sales of American Silver Eagle coins topped 17.3 million in year-to-date sales. The coin has been around since 1986 and has never sold as much as during the January through April 22 period. Tuesday marks the first time that the Silver Eagle sales surpassed those from last year which were at 17,291,000 on April 22, 2013.

American Silver Eagle Sales Hits All Time Record

On Tuesday silver prices were dragged down to $20.60, leading many precious metals investors to wonder where their complex would head next. The only metal which showed any strength was platinum. The soft prices in 2013 for silver did not stifle demand, as sales of the American Silver Eagle one-ounce bullion coin hit an annual record Tuesday.

The total sales to date as of Tuesday, November 12, 2013, were 40.175 million ounces, according to the Mint.

The previous annual record was set in 2011 at 39.869 million ounces.