Commodity Trade Mantra

Posts Tagged ‘Silver Eagle Coins’

US Mint Gold And Silver Bullion Coin Sales

Contrary to Wall Street’s assertion that gold and silver demand continue to implode heralding much-lower precious-metals prices, the US Mint says American Eagle coins are selling like hotcakes. On Dec 31st it reported that 2015 sales of its gold coins soared 53% above 2014’s levels, while silver coin sales hit an all-time record! That’s impressive considering 2015’s poor price action.

Premiums and Delivery Delays Rise on Silver Coins and Bars

Premiums on silver eagles have been creeping up & wholesale premiums have risen from 14% in May to over 25% this week. The shortage of silver coins is due to continuing robust demand and a lack of supply of silver bullion coins. Silver eagles remain probably one of the best proxies for silver coin demand & also of investment & store of wealth demand for silver.

Despite Gold & Silver Being Just A 'Pet Rock', Premium On Physical Bullion Is Exploding

One important aspect of the physical market that is often overlooked is the premium it commands over spot price. Right before the Global Financial Crisis in 2008, the spot Silver price fell as low as USD 9 per oz., whereas the price of a 1 oz. Silver Eagle was around USD 17 on the wholesale market and even higher on the retail market! That’s a price premium of 188%!

Gold Jumps 1.8%, Silver Eagle Bullion Coins Top 27M

American Silver Eagles turned up 380,000 for 955,000 on the week so far, the most sold in a week since the one ended May 9. They also hurdled 27 million for the year to maintain a pace that is the second quickest in the coin’s 29-year history. Silver Eagle sales in record year 2013 had topped 30.2 million through Aug. 6, 2013.

Gold Dips, Silver Eagle Bullion Coins Top 26 Million

American Silver Eagles sales in record year 2013 had topped 29 million through the first seven months. Silver Eagles advanced by 260,000 in the later hours on Tuesday. The gain lifted Silver Eagle sales over 26 million for the year, maintaining a pace that is the second quickest in the coin’s 29-year history.

Silver Eagle Sales Hit A New Record In March

Sales of the U.S. Mint Silver Eagle has reached 4,476,000 at the end of the week & even surpassed the amount sold last year by over one million. If Silver Eagle sales top 500,000 on the last reporting day, total sales in March could surpass 5 million and overtake January as the highest monthly amount.

Silver Poised For A Surge – Any Time Now

Volatility is the price you pay for silver’s massive outperformance in the long run. It is up from $3 an ounce little more than a decade ago, the best performance of any commodity in that time frame, even given the recent losses.

Important Charts On Sales Of Gold And Silver Eagle Coins

In the 28 years that the U.S. Mint has been producing the Gold and Silver Eagle coins, over 360 million Silver Eagles and 20 million Gold Eagles were sold. This turns out to be a historic Gold – Silver Eagle sales ratio of 18/1.

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