US Mint Modifies Bulk Purchase Requirements for Silver Bullion Coins

Requirements to become an Authorized Purchaser for U.S. Mint silver bullion coins have recently been revised. While these changes will be transparent for the average investor who buys the coins for their portfolio or for collectors adding to their collection, they will affect any business firms that are interested in applying to become a purchaser under the program.

Since the inception of the American Silver Eagle series in 1986, and recently applicable to the America the Beautiful Silver Bullion Coins debuting this year, the United States Mint has refrained from selling its silver bullion products directly to the public. Instead, it uses a network of Authorized Purchasers who buy the silver coins in bulk to resell them in smaller quantities for modest premiums. Read More…

Silver Prices Tumble, Breaking 5-Week Winning Streak

U.S. silver prices tumbled this week, breaking a streak of five weekly gains. Precious metals moved mostly as a group in the last several days, following gold which sank as the U.S. dollar showed strength against other world currencies. Profit-taking was also a motivating factor for losses, opined many an analyst.

On Friday, New York silver futures for December delivery declined 2.1 cents, or 0.1 percent, to $23.118 an ounce — its lowest closing price since October 8, 2010. Read More…

US Mint Sales: October Silver Eagles Hit 2M, Old Sets Stronger

American Silver Eagle bullion coins were full of life in the latest United States Mint sales data, while the remaining numismatic silver items continued a very slow decent in their weekly sales.

It has been 19 days in October and already the month-to-date tally for Silver Eagle coins reached the 2 million marker. U.S. Mint Authorized Purchasers must have been stocking up when they bought another 650,000 between October 13 and 19. Read More…

America the Beautiful Silver Bullion Coins Enhanced, Images Reveal

If images recently released by the United States Mint are any indicator, collectors will have several nicely detailed bullion America the Beautiful Silver Coins to look forward to later this year when the strikes make their debut.

According to the U.S. Mint, production of the three-inch, 5-ounce .999 fine silver bullion coins began on September 21, 2010, with launch dates for each of the 5-ounce 2010 America the Beautiful Silver Bullion Coins still unknown. The Mint is required to issue them during the 2010 calendar year, but has only indicated that they will be released in intervals and expects the first one out this fall. Read More…

Silver Prices Rally for Fifth Straight Week

U.S. silver prices have registered gains for five straight weeks. The metal not only continues to rise, but it has also outperformed gold and platinum by huge margins.

On Friday, silver futures for December delivery retreated for the second time this week, dipping 14.7 cents, or 0.6 percent, to settle at $24.288 an ounce on the Comex in New York. Silver prices reached their highest level on Thursday, falling just 5 cents shy of $25 an ounce — a fresh 30-year high. Read More…

5-Star Generals Silver Commemorative Coins for 2013 as Act Becomes Law

Silver coin enthusiasts will have another option to add to their collection in 2013 thanks to legislation signed into Public Law 111-262 by President Obama on October 8, 2010.

Known as the 5-Star Generals Commemorative Coin Act, the law authorizes the U.S. Mint to strike commemorative silver dollars that honor five United States Army 5-Star Generals: George Marshall, Douglas MacArthur, Dwight Eisenhower, Henry ‘Hap’ Arnold, and Omar Bradley. Read More…

US Mint Sales: Silver Eagles Ascend, Silver Quarters Surprise

Demand for bullion American Silver Eagle coins continued their stable climb. However, collector silver coins slipped from higher points again, United States Mint sales data revealed. For a second week in a row, just one numismatic product outpaced its prior gain as others slowed.

The 2010 Silver Proof Set shot up another 13,766, but that was down from 19,097 and 22,244 from the last few rounds. Still, it was the biggest seller in the numismatic group. The America the Beautiful Quarters Silver Proof Set added 2,882, also lower from a prior surge of 4,498. Read More…

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