Out of interest I just had a quick look at Ebay.com to find out how many American Silver Eagle Dollars were being Sold in the US.
I was pleasantly surprised heres what I found (via Terapeak.co.uk):
- Over the last 14 days there were 76 Listings
- Out of these lisitng 93.42% of them sold and they acheived an average price of $16.82!
Then I wanted to find out what the Professionals were saying about American Silver Eagles……..
Quoted from The Silver Institute in Washington, DC, from an article in their most recent Silver News quarterly newsletter:
”The United States Mint sold 28,766,000 American Silver Eagle bullion coins in 2009, an all-time record, 46 percent more than 2008 sales of 19,583,000 of the one-ounce coins.
In addition, American Eagle silver bullion sales revenue increased 21.4 percent from $306.4 million in fiscal year 2008 to $372 million in FY 2009, Mint officials noted.
The rise in demand is coming mainly from consumers who see silver as a storehouse of wealth during financially uncertain times, including inflation and a declining US dollar, as well as silver’s growing industrial use as world economies improve.”
. . . and from a news story posted on the NumisMaster.com website on April 8th:
”How many silver American Eagles must the U.S. Mint offer for sale before buyers have enough?Good question. During the first quarter of 2010, the Mint sold a record 9,023,900 of the one-ounce silver coins, but demand still exceeds supply and the Mint is continuing its allocation process among its authorized purchasers to ration the supply. If sales continue at this pace, more than 36 million could be sold by the end of the calendar year. Such a figure would be up sharply from last year’s 28,766,500 coins, which itself was a record number for a calendar year.”

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