After a slow close to 2011, the US Mint’s sales of American Silver Eagle bullion coins took off with more than six million ounces sold in January, while American Gold Eagles saw also-impressive sales figures topping 127,000 ounces.
Opening Day orders signaled that demand had built to a near-record level, as 3,197,000 one ounce American Silver Eagles were spoken for in less than 24 hours. Though the silver bullion coins can fetch more than spot price alone, the total value of sales in terms of pure silver content was $94,311,500 – sold in one single day. As of this writing, less than one month later, that value is now $109,848,920 – following a 16% rise in silver over the past month.
The US Mint’s stunning (...)