Silver Prices Soften in Second Week of March

Silver prices started the first week of March higher, marking the fourth straight week of gains. This week prices softened, rising 0.3% in London and falling 1.9% in New York.

New York silver futures for May delivery ended at $17.048 an ounce on Friday, dropping 33.4 cents on the week after soaring 86 cents during the prior week. Read More…

US Mint Sales: DAV Silver Dollars Pass 131K, Silver Eagles Break 1.1M

Investment demand for bullion American Silver Eagles increased during the last seven days, but excitement abated for other American silver products.

According to the latest United States Mint sales statistics, Silver Eagles advanced another 750,000 since last Wednesday — improving to 1,175,000 during the first ten days of this month. Read More…

Sydney Cove Medallion Portrayed on High Relief Silver Australian Coin

In a pairing that can only be called unique, the Perth Mint of Australia is releasing a coin and accompanying collectible china plate that celebrates a design created for a young Australia and first seen on a piece of Wedgwood pottery in 1789. The Sydney Cove Medallion Silver Proof Coin recalls that classic design which has earned a place of honor among many native Australians.

Created by the famous Josiah Wedgwood (considered the ‘Father of English Potters’), the design was placed on a piece of Wedgwood’s Staffordshire pottery. However, in a departure from normal practice, the pottery was made from clay shipped to England from the countryside of the the infant British colony of Australia. Read More…

Silver Surges During First Week of March 2010

Silver prices have rallied for four straight weekly gains, with the first week of March notably coming in with respective New York and London increases of 5.2% and 7.0%.

For current prices, New York silver futures for May delivery ended at $17.38 an ounce on Friday, soaring 86 cents this week. London silver was fixed at $17.25 an ounce, surging $1.13 cents since last Friday. Read More…

US Mint Sales: Disabled Veterans for Life Silver Commemoratives Debut Strong

The latest United States Mint weekly sales report is published and the newly released 2010 Veterans Disabled for Life Silver Commemorative Coins take center stage.

98,358 silver dollars were sold, according to the US Mint’s latest stats. And those numbers are for three days only — between their Thursday noon launch to Sunday. Buyers preferred the proof to the uncirculated version by a more than 2-1 ratio, as the below table reflects. Read More…

2009 American Silver Eagles Smash Record, Top 30 Million

US Mint 2009-Dated Silver Eagles Smashed Record, Topped 30 Million

The U.S. Mint wrapped up its accounting for 2009 American Eagle Silver Coins. The latest numbers are nothing short of impressive. Authorized buyers snapped up a record 30,459,000 of the .999 fine bullion coins.

That is nearly 9.9 million more than the previous record which was set only a year earlier with the 2008-dated Silver Eagles. Those reached 20,583,000. Read More…

U.S. Mint Short on Savvy, not Supply

At the writing of this article, the first week of March 2010, the United States Mint is once again facing an extended "shortage" on silver American Eagles. Surprising? Hardly. This has become a regular phenomenon.

The U.S. Mint strikes a beautiful coin which is coveted by nearly all precious metals enthusiasts. Its gold and silver Eagles are industry staples, and every major dealer gladly promotes and sells these coins to its client base. But aspiring entrepreneurs take note: The United States government has never, and will never, run a business well. The U.S. Mint joins rarified air with the other ne’er-do-wells from the Federal Reserve and the U.S. Postal Service in an unrivaled trio of mediocrity. Read More…

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