Silver Eagles Sales Record
Today’s update of 500,000 Silver Eagles sold will bringing November’s Silver Eagle sales totals to exactly 1,000,000. The US Mint has just set an all-time silver sales record for Silver Eagles. This is a step up form the previous annual record of 39,868,500 oz set in 2011.
With the US Mint has been alerting dealers that 2013 production will be shut down on December 9th. It seems that the powers that be do would like to control the 2013 silver eagle sales record to get too far out of hand.
Silver Coins Sales Mount Rushmore National Memorial
Quarters and silver coins honoring Mount Rushmore National Memorial broke out on the United States Mint silver sales charts this week.
In all there are six products with Mount Rushmore quarters offered on Monday, Nov. 4, 2013. These coins were purchased in bags and rolls of circulating-quality. The silver quarters are struck from Philadelphia, Denver and San Francisco.
Nov 7, 2013, the US Mint offered debut sales for the 2013-P Mount Rushmore Five Ounce Silver Coin. The fifth coin in a series of five 2013 America the Beautiful Five Ounce Silver Uncirculated Coins. These silver coins were fast to move out of the gate and beat out any in the series since 2011.
When it comes to physical silver, there are two main ways to buy it. You can purchase silver bars or coins and and as I see it, coins would be the better choice. I have several reasons to like coins over bars, but I will get into this in another post in the near future.
Silver Sales For Investors
The demand for US silver coins has grown to a record high for 2013 as investors defy the move away from precious metals for a chance to stock up while the prices are down.
I don’t think that real silver investors are selling very much silver in this market. Instead they are looking for silver sales they can capitalize on while silver prices are low.
Investors may be backing off from the paper markets, but sales are still strong in the physical markets, as is evidenced by record reaching sales of American Eagles.
Investment Services have reported, that the US Mint has struggled to keep up with silver sales for much of 2013. It is reported that the US Mint ran out of the coins in January. They also imposed limits on silver coin sales to authorized dealers and the silver purchase limits remain in place at this time.