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Silvercorp Metals Inc. Message Board

  • jj719903 jj719903 Apr 3, 2013 5:39 PM Flag

    2013 U.S. silver bullion coin sales may shatter records if trend holds

    If American Eagle silver bullion coin sales continue to hold, total sales this year could shatter the previous record of nearly 40 million coins sold in 2011.

    Author: Dorothy Kosich
    Posted: Wednesday , 03 Apr 2013


    The U.S. Mint figures show silver bullion coins sales continued to climb to 3,368,500 ounces for March 2013, up 826,500 ounces (32%) from 2,542,000 ounces in March 2012.

    However, gold bullion coin sales declined by 500 ounces last month from 62,500 ounces in March 2012 to 62,000 ounces.

    The U.S. Mint hit a record for the sales of American Eagle silver bullion coins in January at a total of 7,498,000 ounces, despite the fact sales were suspended for more than a week due to a lack of inventory. The previous all-time monthly high was 6.1 million ounces set in January 2012.

    The American Eagle silver bullion coins are produced at the Mint’s West Point, New York facility.

    Total sales of 14,223,000 silver bullion coins through March 31, 2013, increased 40.3% from 10,139,000 American Eagle silver bullion coins over the same period of last year.

    The previous record year for silver bullion coins was in 2011 when 39,868,500 coins were sold. If the sales trend for the first three months of this year holds, that record could be shattered.


    Sentiment: Strong Buy

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