Adding flames to the fire on an already hot year for bullion 2010 American Silver Eagles, July sales of the silver coins again attained record levels.
Coming in at 2,981,000 coins sold, the month goes down in the history books as the best ever July for the series that was introduced back in 1986. The old record was hit just last year when sales of the Silver Eagles came in slightly over 2.8 million -- shattering the previous record set in 2008 of only 1.25 million...
Full Article: July 2010 Silver Eagle Sales - SilverCoinToday.com
The United States Mint may yet be able to strike 2010 American Eagle Silver Proof Coins and 2010 American Eagle Silver Uncirculated Coins this year, according to recent testimony from U.S. Mint Director Ed Moy before a House subcommittee, but apparently only with the help of the United States Congress.
The news comes as a glimmer of hope to collectors of the numismatic coins which have been missing from the Mint's product line since late 2008. Due to overwhelming demand for the bullion American Silver Eagles, the Mint has not been able to procure enough planchets to also strike the proof and uncirculated options...
Full Article: 2010 Proof Silver Eagle Coins Update - SilverCoinsToday.com
"The State of U.S. Coins and Currency" was discussed today by the House Subcommittee on Domestic Monetary Policy and Technology.
And topmost interest for collectors, the hearing revealed the possibility of amending law to approve the minting of 2010 American Eagle Silver Proof and Uncirculated Coins at the the expense or producing fewer bullion versions.
Led by Chairman Melvin L. Watt, representative from North Carolina, and ranking minority member Representative Ron Paul from Texas, the subcommittee had several lines of questioning as it related to U.S. coins and currency.
To answer those questions, two panels were called upon by the committee. The first panel included Edmund C. Moy, Director, United States Mint, Larry Felix, Director, Bureau of Engraving and Printing, Louise L. Roseman, Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors of the Federal Reserve, and Ken Jenkins, Deputy Special Agent in Charge, Criminal Investigative Division, U.S. Secret Service.
Full Article: 2010 Proof Silver Eagles Possible, Hearing Reveals - CoinNews.net
by Coin Collecting News Staff on July 19, 2010
in U.S. Coins
1986 served as the inaugural year for the new American Silver Eagles series which have been struck annually ever since. They were only authorized the year before as part of the Liberty Coin Act of 1985, approved by Congress in June of that year and signed into law by President Ronald Reagan on July 9, 1985.
Congress created the authorizing legislation in response to political pressure to decrease the national strategic stockpile of the precious metal silver held by the United States. Many felt that the sale of the federally-owned silver could help lower the national deficit...
Full Article 1986 Silver Eagles - AmericanSilverEagles.us
To sum up the latest United States Mint sales report, coins and sets experienced a deeper summer slowdown compared to prior weeks.
Of everything the U.S. Mint sold, there were only four that managed to do better than the prior report, and those not improve by much. Bullion coins, however are still in demand.
Bullion American Silver Eagle coins climbed to bring July's total to 1,648,000, adding 772,500 since July 7. The gain was soft compared to the higher 875,500 increase during the first week of the month. Still, the addition caused this year's tally to cross the 2008 end-of-year total. 2010 Silver Eagles sales are at 19,816,500 while 2008's ended with 19,583,500. Last year's record sales of 28,766,500 is now less than 9 million away, although most collectors would probably like to see a decline so that the Mint has enough supply to strike proof and uncirculated versions.
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Question: How Can I Avoid Silver Eagle Coin Fraud and Other Fake Silver Coins?
Coin fraud is an unfortunate reality in the coin collecting marketplace, but you can avoid buying fake silver coins, and avoid coin fraud in general, by learning how to spot fake coins. We will use a fake Silver Eagle to demonstrate some easy steps to avoid buying fake coins ...
Full Article: How Can I Avoid Silver Eagle Coin Fraud and Other Fake Silver Coins? - Susan's Coins Blog
Nashville is over and a slow show it was, although well run and organized. Why? Recent floods, current economic repression, poor timing and a significant drop in precious metals? I think the repression has finally caught up to the market.
While prices are not dropping, collectors are increasingly holding back especially in the middle of the market...
Full Article: Gold Rebounds; Eagle Coin Demand Soars - NumisMaster
Silver American Eagle bullion coins, and their gold counterparts, were historic firsts for the U.S. Mint when they made their debut in 1986. They were the first official U.S. coins struck primarily to be bought and sold for their bullion value.
American Eagle bullion coins can be held in individual retirement accounts. Some individual date and mintmark combinations, however, also have collectible numismatic value, including proof versions ...
Full Article: Collecting American Eagle Bullion Coins - NumisMaster
Precious metals had a disastrous week, yet U.S. Mint authorized buyers ordered more bullion American Eagle coins during the third week of May than in each of the prior weeks when metals were rallying.
New York gold prices finished lower for the fourth consecutive session on Friday, with June futures tumbling to $1,176.10 an ounce, plummeting 4.2 percent this week.
U.S. Mint one-ounce American Gold Eagles, however, soared. The coins advanced 67,000 this week, as compared to a 31,000 increase during the second week of May and a 41,500 gain during the first week. May sales on Friday reached 139,500, bringing the Gold Eagles to 471,000 for the year ...
Full Article: American Eagle Bullion Coins Jump - CoinNews
