Demand for American gold and silver bullion coins was exceptionally high in January, the latest United States Mint sales figures reveal.
And, that was in spite of reasons that could have lead to much slower movement, including January US gold prices that dropped 1.1 percent and silver prices that tumbled 3.9 percent.
By the end of last month, one-ounce American Silver Eagles actually had their best January ever, and the third best month of any since the bullion coin series started in 1986. American Gold Eagles were less fiery, but last month's sales level still ranked as the seventh best January better. [click to continue…]
US Mint American Silver Eagle sales have already scored their best ever January. Who would have thought? After all, there is still a full week left in the month. On top of that, the bullion coins are rationed, they were unavailable for seven days, and U.S. silver futures tumbled 8.1 percent last week (6.7 percent in London).
Yet, January 2010 is now in the history books. It is the best starting month of a year for the series that dates back to 1986. Despite all the aforementioned obstacles, authorized buyers scooped up ...
Full Article: Silver Eagle January Sales Top 3 Million - CoinNews
In an end to what has been a rollercoaster of availability, excitement, and even some resentment, the United States Mint has announced a sell-out of the 2009 American Eagle Silver bullion coins.
Departing from tradition, the Mint was still selling the 2009 dated coins into the first part of this year due to the overwhelming demand placed on them. Typically, the US Mint stops production of a year's Eagle bullion coins in November to begin striking and building a stock-pile of the next years coins for a release the first part of January.
However, as 2009 saw record sales of the one ounce silver coins, the Mint was not afforded that luxury. Selling 28,766,500 last year, 9 million plus over the previous annual record, the Mint had to keep striking the 2009-dated coins in an attempt to equal demand, as required by law. [click to continue…]
The U.S. American Eagle one-ounce silver coin was in the thick of things as voting to select the Coin of the Year Award winner for 2010 began Dec. 31 and was expected to conclude Jan. 8.
As one of the 10 category winners selected in a first round of online balloting by an international panel of judges in December, the silver Eagle was in contention for the prestigious COTY Award ...
Full Article: U.S. in award race - Numismatic News
2010 American Eagle Silver Bullion coins will go on sale Jan. 19, 2009, the United States Mint revealed recently. The US Mint said the following in a memo to its authorized purchasers:
The United States Mint will begin accepting orders for 2010 American Eagle Gold and Silver One Ounce Bullion Coins on Tuesday, January 19, 2010, via the United States Mint standard allocation process. As additional information becomes available regarding other 2010-dated bullion coins, you will be notified.
To those who keep up on the Mint's coins that are struck mostly for investment purposes, the late availability of the 2010 Eagles is a departure from normal. The Mint typically halts production of a current year bullion coins by late November to begin production of the next year's issues, leaving on-hand supplies to fulfill demand. However, as the Mint has never really been able to build a sizable bullion coin stockpile this year, they continued striking them into December. [click to continue…]
Especially in the absence of Proof 2009-W American Eagle coins to satisfy the growing demand from both new and established collectors of the series, the market for common Proof gold and silver American Eagles is surging. At the same time, scarcer, collector-oriented, Proof silver American Eagles are trading at a discount to their 2008 levels.
Our Oct. 12 Market Analysis reported that common-date Proof American Eagle coins were hot, with major dealers paying $45 for Proof American Eagle silver dollars and $1,670 for Proof American Eagle 1-ounce gold $50 coins with original Mint boxes and paperwork.
This market is ...
Full Article: Demand up for Proof $1 - CoinValues
US Mint 2009 American Eagle Silver Bullion Coins have enjoyed scorching sales this year, easily surpassing the prior 2008 all-time annual record. And that was accomplished back in early October. The one ounce, .999 fine silver coins have now topped a new milestone with more than 27 million sold.
The bullion coins were suspended in late November due to a depleted inventory. With a week of sales lost, November still ranked as the fourth best in 2009, and the best November ever dating back to the series launch in 1986. As proof of the pent up demand, the US Mint sold 1,012,500 silver eagles in a single day when sales resumed in an allocated basis on Monday.
Best ever months are the norm this year, with nine of them now recorded. January and September trailed, coming in second after the same record breaking months in 2008.
The fierce demand has resulted in a shortage of silver coin blanks, which precipitated the first ever collector proof eagle cancellations.
The following table shows how eagles have been doing in 2009: ...
Full Article: 2009 Silver Eagle Bullion Coin Record 27M - CoinNews
A Michigan congressman is trying to persuade the U.S. Mint to strike proof examples of gold and silver American Eagles in 2009.
Taking up the cause of collectors disappointed by not being able to acquire the proofs is U.S. Rep. Gary C. Peters, D-Mich., who wrote a letter to Mint Director Edmund C. Moy Nov. 12. He also wrote what is called a “Dear Colleague” letter to the other 434 members of the U.S. House of Representatives asking them to co-sign his letter to Moy ...
Full Article: Congressman Asks for Proof Eagles - NumisMaster.com
Bullion 2009 American Silver Eagle coin sales have been on fire this year. Eight of ten months were "best ever" records. 2009 has already been crowned the top-selling year of all-time, and that was back in early October.
For a series which began in 1986, nothing underscores the demand for the silver eagles better. Their values in the upper grades are nothing to laugh about either.
In our latest installment of analyzing recently sold coins on eBay, we took a 40-day snapshot (Sept. 28 to Nov. 6) of more than 5,500 completed auctions of 2009-dated American Silver Eagles ...
Full Article: Silver Eagle MS70 Values - CoinNews
