Thursday, October 27, 2011

American Eagle Silver Bullion  Coin Sales Smash All-Time Record
Global Coin Sales May Reach New Height

Sales of American Eagle Silver Bullion coins broke the alltime sales record of 34,662,500 set in 2010 with current sales  exceeding 35 million in early October.   Monthly sales are averaging 3.7 million, and if the pace
continues until year’s end, total sales could top 44 million for  2011. Traditionally, November and December are strong months  for gold and silver bullion coin sales as consumers buy them as presents for the holiday season.

To commemorate the 25th anniversary of the American Silver  Eagle, the United States Mint has issued the American Eagle  25th Anniversary Silver Coin Set. The set will include five, one-ounce .999 fine silver coins from three different mints. 

The coins are:

• one proof coin from the United States Mint at West Point
• one uncirculated coin from the United States Mint at West  Point
• one uncirculated coin from the United States Mint at San  Francisco
• one reverse proof coin (frosted background with polished,  mirror-like design elements/foreground) from the United  States Mint at Philadelphia
• one American Eagle bullion coin

Each set, priced at $299.95, will include a certificate of  authenticity within a specially-designed U.S. Mint presentation case. Customers may order up to five sets per household as the Mint will only produce 100,000 sets.

Globally, silver bullion coin sales are up 40 percent so far  this year compared to 2010 and should set a new sales record, according to Thomson Reuters GFMS. 

- Silver Institute newsletter

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