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Jan 19 - U.S. Mint overwhelmed, Suspends Sales of Silver Coins


 Jan 19 - U.S. Mint overwhelmed, Suspends Sales of Silver Coins
topic by Screwhead - 01-19-2013, 12:29 AM - Boxden > Non-headline articles, author commentary, documentaries, and more


Mint Suspends Sales, States Eagles Are SOLD OUT


The US Mint reported another 1 million Silver Eagles sold Thursday, bringing the January sales total to an astonishing 6.007 million ounces in less than 2 weeks of sales!

With nearly half of January remaining, it is now all but certain (barring a complete shut-down by the mint) that January 2013 Silver Eagles sales will absolutely shatter the all-time monthly sales record for the Mint set in January 2011 at 6,422,000 ounces.

The Mint is currently on pace to sell 12.66 MILLION OUNCES OF SILVER EAGLES IN THE FIRST MONTH OF 2013, more than the YEARLY sales total for ANY year prior to 2008 at the US Mint.


2013 Silver Sales Totals:

January (1/7 - 1/16) - 6,007,000 coins



All-time monthly record (January 2011):

6,422,000 coins


January US Mint Silver Eagle Sales Pass 6 Million, Mint Suspends Sales, States Eagles Are SOLD OUT!! | SilverDoctors.com


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6 comments for "Jan 19 - U.S. Mint overwhelmed, Suspends Sales of Silver Coins"


 01-19-2013, 12:35 AMaway - #2
Screwhead|m 173 heat pts173

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$14,774 | POWERFUL
Get buying, folks.


U.S. Mint Silver Coins Run Out as Buying at 5-Year High



U.S. Mint sells out of silver coins: report



Mint runs out of 2013 silver coins, suspends sales

Last edited by Screwhead; 01-19-2013 at 12:57 AM..
 01-19-2013, 12:41 AMaway - #3
Sticks 107 heat pts107

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$16,649 | POWERFUL
 01-19-2013, 12:57 AMaway - #4
Screwhead|m 173 heat pts173

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$14,774 | POWERFUL
U.S. Mint Gold-Coin Sales Rise to 127,000 Ounces This Month


Sales of American Eagle gold coins so far this month are 67 percent higher than the total for December, according to data from the U.S. Mint. Silver-coin sales also gained.

Gold-coin sales reached an estimated 127,000 ounces, compared with 76,000 ounces in December, data from the mint’s website show. In January 2012, the total was 127,000 ounces.


Danske Bank A/S (DANSKE), Credit Suisse Group AG and UniCredit SpA (UCG), the three most-accurate gold forecasters tracked by Bloomberg Rankings over the past two years, project record average prices for gold in 2013, after 12 straight annual increases for the metal. Central-bank stimulus will sustain buying as a hedge against inflation and currency devaluation, they said.

“The physical market in gold and silver has picked up over the past several months,” Scott Carter, the chief executive officer at Los Angeles-based Lear Capital, said in a telephone interview. “There’s a real drive for diversification with metals because of concerns about national debt and currency devaluation.”

Silver-coin sales this month are at 6.01 million ounces, compared with 1.64 million in December. The mint said yesterday that said it sold out of 2013 American Eagle silver coins and will resume sales on or about the week of Jan. 28, when inventory is replenished.
 01-27-2013, 09:17 AMaway - #5
Sean McDevitt 5 heat pts

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$6,774 | 15843595
were are going to die soon too, depends on how you look at time
 01-27-2013, 08:11 PMaway - #6
Ni2 

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$4,312 | 14035268
since when do we buy high and sell low cause thats literally whats happening. when or if the prices ever come down people gonna be like well dont need this anymore and sell it for next to nothing back to them so then when they spike again they can keep reselling the same damn ounce. theyll get it all back eventually for half the damn price if youre lucky
 01-28-2013, 07:58 AMaway - #7
Tony Franks 3 heat pts

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Originally Posted by Ni2
since when do we buy high and sell low cause thats literally whats happening. when or if the prices ever come down people gonna be like well dont need this anymore and sell it for next to nothing back to them so then when they spike again they can keep reselling the same damn ounce. theyll get it all back eventually for half the damn price if youre lucky
I think a lot of people are purchasing these to be prepared when the economy collapses in the next few years and all our dollars are nearly worthless.
 
 


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