US Mint 2011 Silver Proof Set Release in January

Coin collectors will have an opportunity to purchase United States Mint sets earlier next year, including the 2011 Silver Proof Set.

The U.S. Mint said that the popular silver set, and at least two other "annual core products" — the 2011 Proof Set and 2010 Mint Set, will launch in January 2011.

[Editor’s update: The US Mint announced in late December 2010 that the 2011 Silver Proof Set will be issued on January 25, 2011.]

The US Mint is following up on a plan that was first announced in 2008 when it significantly cut the amount of products it sold. One stated reason for doing so was to focus on its bigger products, releasing them earlier in the year to make them "available for customers to purchase for more occasions." Read More…

Silver Prices Jump Over $23, Fourth Weekly Gain

U.S. silver prices moved in the same direction as gold, only faster. Price soared to above $23 an ounce, closing to a new 30-year high and marking four straight weekly gains.

Gold rose 2.1 percent this week, advancing on the weakness of the U.S. dollar as expectations increased that the Federal Reserve would ease its monetary policy to feed inflation and stimulate the economy. Silver investors took note as well, as the metal soared 4.7 percent for the week. Read More…

Junk Silver Coins Soar in Value

With silver prices rallying to levels that have not been seen in 30 years, interest in United States coins that circulated in 1964 and before has skyrocketed. Many of them include silver, and those that do are worth far more than their face values.

Bags and rolls of these "junk silver coins" have become hot items, and harder to find.

Junk silver coins, a term often used to describe older coins that have no real worth to collectors but contain 90% silver, have intrinsic values that have soared right along with silver prices. Read More…

US Mint 2010 Silvers Eagle Coins Slow in September, 2010 Sales Near 26M

United States Mint numismatic statistics showed a mixed but slower leaning week of silver product sales, breaking a two-week streak where all silver coins had advanced. And in bullion products, 2010 American Silver Eagle coins improved in the last several weeks but dipped overall in September. To the numbers…

2010 America the Beautiful Quarters Silver Proof Sets rallied for a third straight week, rising 4,498 compared to the prior 4,471 which followed the lower 2,732. The sets are standing at 190,341.
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2010 Proof Silver Eagle Coins Available Nov. 19

Allaying the fears of many coin collectors, the United States Mint announced today that it would be producing 2010 Proof American Eagle Silver Coins after all. This comes as welcome news to many who anxiously awaited information on whether or not the U.S. Mint would strike the .999 fine silver coins this year.

The collector proof was first issued back in 1986. It was struck annually until the Mint canceled their production in 2009, which they explained why again today:

"The coin was not available in 2009 because of high demand for the United States Mint’s American Eagle Silver Bullion Coin," stated the Mint. "Legislation mandates that American Eagle Silver Bullion Coin production take precedence over the numismatic version of the coin. Economic conditions drove investor demand for the United States Mint’s silver bullion coins to unprecedented highs in both Fiscal Years 2009 and 2010."

Read More…

Silver Prices Top $22, Third Week of 30-Year Highs

U.S. silver prices soared 23.9 cents to close above $22 an ounce on Friday, capping three straight weekly gains and continuing a run of fresh 30-year highs.

Prices finished lower only once this week as profit-taking emerged on Thursday, the final day in September and of the third quarter. Still, prices soared 12.3 percent for the month and 16.6 percent for the quarter.

Silver for December delivery on Friday settled at $22.06 an ounce on the Comex in New York. It was the metals best close since 1980. For the week, silver gained 66.1 cents, or 3.1 percent, after rallying 58.3 cents, or 2.8 percent, last week. Read More…

US Mint Raises Bullion 2010 American Silver Eagle Prices

The United States Mint has officially raised their wholesale pricing above spot on American Silver Eagles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%.

This news comes on the heels of a significant silver spot price rally over the last month to a new thirty year record over $22 per ounce. The impact of this news is significant and has already affected dealer pricing across the country within hours, as prices on Silver American Eagles have jumped over $0.50/oz industry wide. Read More…

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