2010 Silver Eagle Coins Mark June Record, Adding Doubts for Proofs

Numbers for the United States Mint’s bullion 2010 American Silver Eagles declined slightly from May but still tallied to their best ever June, raising further concerns that 2010 proof and uncirculated versions will get canceled.

Recently released figures from the U.S. Mint show a total of 3,001,000 One Ounce Silver Eagles sold in June 2010. This compares to a May 2010 total of 3,636,500, or a decline of 635,500.

Normally, a more than half million downward push would raise eyebrows. However, a more detailed look at the history of the Silver Eagles show that in the past, a majority of the months did not even come close to 635,500 in sales. A drop of that number is really only indicative of how well the bullion silver coins are selling this year –they were able to withstand such a decline and still rack up over 3 million in a single month. Read More…

2010 Proof Silver Eagle Production Uncertain

The production of 2010 American Eagle Silver Proof Coins and 2010 American Eagle Silver Uncirculated Coins remains up in the air, according to the latest news from the United States Mint.

The U.S. Mint updated is product schedule through to the end of this year and classified the releases of the two collector coins as "TBD," or To Be Determined.

The annual proof coins have been produced since the American Eagle series launched in 1986, with the uncirculated option added to the Mint’s product portfolio in 2006. However, the 2009s were cancelled as a result of "unprecedented demand" for the bullion version, which the Mint must strike by law "in quantities sufficient to meet public demand." The bullion eagles are intended for investors, and do not have the proof or uncirculated finishes nor the "W" mint mark. Read More…

Silver Pummeled as U.S. Weekly Prices Dive 7.4%

U.S. silver prices tumbled 7.4% on the week, falling the most since the 8.4% drop during the week ending February 5, 2010.

Much of the metal’s decline — 91.8 cents worth — occurred on Thursday as a volley of reports added to worries of an economic slowdown in the U.S. and China, triggering a large sell-off in commodities. Gold, platinum, palladium and silver were hit exceptionally hard.

"In addition to a measure of safe haven liquidation, the silver market also saw an aggressive wave of physical commodity market selling pressure," noted Neil Sloan on StockMarketsReview.com. "The bull camp hopes that the economic situation in the US will become severe enough to rekindle flight to quality interest in silver, but that could also put the silver market under additional near term pressure as the trade weighs economic uncertainty versus deflationary indications," added Sloan.

Read More…

US Mint Sales: Disabled American Veterans Silver Dollars Surge

Although sales for two out of four silver US Mint products were down last week, 2010 Disabled American Veterans Silver Dollars skyrocketed, the latest United States Mint statistics show. Bullion American Silver Eagle coins rose, but not in spectacular fashion over the last several days.

The shocker of the week was the performance of the 2010 DAV Silver Dollars. In the prior report, 1,979 additional proofs sold in one week’s time, but the latest number more than doubled. 4,258 proofs sold, plus the uncirculated version added another 985, bringing the combined weekly total to 5,243. Read More…

Silver Prices Surge, Narrowing Weekly Loss

U.S. silver prices surged on Thursday and Friday, paring sharp prior day declines to significantly narrow the metal’s weekly loss.

New York silver futures for July delivery marked an intraday high of $19.46 an ounce to start the week, but plummeted Monday afternoon to close at $18.808 an ounce. Prices picked up by nearly a dime on Tuesday only to end at their lowest point of the week on Wednesday at $18.459 an ounce. Read More…

US Mint Sales: Silver Eagles Sail, Boy Scouts Coins Hit 350,000 Max

Sales for U.S. Mint silver products were mixed last week, according to the most recent United States Mint statistics. Two out of five numismatic products outperformed their prior increases, and Silver Eagle bullion coins were hot as authorized buyers stocked up their inventory.

With less than one week left in the month, American Silver Eagles have been flying out of Mint’s doors, but beating May’s 3.6 million ounce record looks unlikely. Right now the June tally is at 2,533,500. That is 1,103,000 short of May’s number — the highest monthly level since 1986, and so far June’s weekly sales have not seen seven digit numbers. It does looks like June’s total will hit 3 million. Read More…

2010 FIFA World Cup Silver Coins Available

The Royal Canadian Mint announced last week that it has become the exclusive retailer for the 2010 FIFA World Cup Silver Coins produced by the South African Mint to celebrate the renowned international soccer tournament held in its country this year.

The FIFA World Cup has been held every four years since the first tournament kicked off in 1930, with the exception of an interruption in 1942 and 1946 as a result of WWII.

Millions around the world are following the games during the month-long tournament. Millions will watch as the winner is awarded the World Cup Trophy, which is a prominent design feature on the coins. Read More…

« Previous Page — Next Page »