Serpo
25th November 2010, 01:19 PM
The Silver Institute noted Wednesday the U.S. American Eagle Silver Bullion coin program has already posed another record year.
As of Wednesday, Nov 24th, the U.S. Mint reported 32,505,000 silver bullion coins had been sold, well over last year's total of 28,766,500 silver bullion coins. Sales thus far in November are reported at 3,875,000 coins, up from 2,586,500 bullion coins sold during the entire month of November 2009.
"Should the current pace continue, sales will surpass 35 million coins by year's end," the Institute said.
U.S. Mint sales of American Eagle Silver Bullion coins have increased by 223% over the past five year, the Institute noted. The American Eagle Bullion coin program, the only one authorized by Congress, was launched in 1986 with the sale of both gold and silver bullion coins.
"While primarily purchased by investors, we expect to see continued growth in silver Eagle sales through the end of the year, especially with the holiday season approaching," said Silver Institute Executive Director Michael DiRienzo. "A leading silver bullion has repeated to us that they have seen a nearly 40% increase in silver bullion demand this year for producers ranging from 1-ounce call to 100-ounce bars."
The Royal Canadian Mint has reported an increase of 50% in silver Maple Leaf bullion coin sales over 2009 sales. Similar strong growth is anticipated for the Australian Perth Mint's silver Kookaburra bullion coin, and the silver Philharmonic bullion coin issued by the Australian Mint.
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=115729&sn=Detail&pid=102055
As of Wednesday, Nov 24th, the U.S. Mint reported 32,505,000 silver bullion coins had been sold, well over last year's total of 28,766,500 silver bullion coins. Sales thus far in November are reported at 3,875,000 coins, up from 2,586,500 bullion coins sold during the entire month of November 2009.
"Should the current pace continue, sales will surpass 35 million coins by year's end," the Institute said.
U.S. Mint sales of American Eagle Silver Bullion coins have increased by 223% over the past five year, the Institute noted. The American Eagle Bullion coin program, the only one authorized by Congress, was launched in 1986 with the sale of both gold and silver bullion coins.
"While primarily purchased by investors, we expect to see continued growth in silver Eagle sales through the end of the year, especially with the holiday season approaching," said Silver Institute Executive Director Michael DiRienzo. "A leading silver bullion has repeated to us that they have seen a nearly 40% increase in silver bullion demand this year for producers ranging from 1-ounce call to 100-ounce bars."
The Royal Canadian Mint has reported an increase of 50% in silver Maple Leaf bullion coin sales over 2009 sales. Similar strong growth is anticipated for the Australian Perth Mint's silver Kookaburra bullion coin, and the silver Philharmonic bullion coin issued by the Australian Mint.
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=115729&sn=Detail&pid=102055