US Mint Silver Coin Sales: 2009 Silver Proof Sets Jump

Sales of US Mint Silver Coins improved, rising from the prior week’s data that showed collector demand retreated slightly.

The biggest gainer was the 18-coin 2009 Silver Proof Set, which popped up another 14,352 to register year-to-date sales of 521,060. The previous weekly increase was about 1/3 lower at 9,432 (although enough to push the sets over 500K).

Extra focus on the 18-coin Silver Proof set may have been detrimental to the 6-coin 2009 Quarters Silver Proof Set. It ended up as the only US Mint silver product to experience a decline. Numbers rose 2,480 compared to the prior weekly gain of 2,995. Read More…

2009 Silver Eagle Coins Cancelled

In a stunning announcement today, the United States Mint said it will not offer 2009 Proof Silver Eagles nor 2009-W Uncirculated Silver Eagle coins. The news is a bitter pill to swallow for some collectors who will now forever see a hole in their Silver Eagle collection which dates back to 1986. Read More…

Silver Eagle Coins Near 21 Million in Sales, Hit All-Time Record

Demand has never been stronger for bullion American Silver Eagle Coins. Despite a trepid retreat in sales last month — the worst monthly figures of 2009, it still registered as the second best September ever for the coins. Moreover, the eagles hit an all time annual record high with still three months left in the year. Read More…

Silver Prices Recover Slight Portion of Prior Week Losses

Silver enjoyed weekly gains, albeit slight, following last week’s trouncing when the metal lost more than 5%, breaking a four-week winning streak and falling from 2009 highs.

New York silver futures for December delivery closed Friday at $16.23 an ounce, rising 17 cents, or 1.1% for the week.

London silver, which is set earlier on North American business mornings, rose a penny, or 0.1% to $16.21 an ounce.

"Metals investors are focusing on the trends in the dollar, which is being used as a gauge for risk appetite, but the dollar’s upside is fairly limited, and that will in turn keep the metals markets supported," Tom Pawlicki, precious metals and energy analyst at MF Global, was quoted on Reuters.

For the year, London silver is up $5.42, or 50.2%, from the $10.79 closing price on Dec. 31, 2008. It reached a 2009 high of $17.38 on Sept. 17.

London precious metal weekly prices follow: Read More…

Silver Proof Sets Pass 500K in Sales, Silver Eagle Coins Top 20M

Collector demand for silver coins and sets pulled back slightly but investor demand for bullion American Silver Eagle Coins has surged, according to the latest round of US Mint sales figures. Read More…

2009 US Lincoln Coin and Chronicles Set Added to Mint Store

The highly anticipated 2009 US Lincoln Coin and Chronicles Set was added Monday to the US Mint’s Online Store in preparation for its Noon (Eastern Time) launch on October 15, 2009. Read More…

Chinese Outlaws of the Marsh Silver Commemorative Coins

The People’s Bank of China has created a new colorful series of coins celebrating the characters from a well-known and beloved novel written in the fourteenth century. The Chinese Commemorative "Outlaws of the Marsh" Silver Coins consist of two round 1 ounce coins and one rectangular 5 ounce coin. Read More…

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