Investors and collectors this month have given more than enough attention to the newly released bullion 2010 American Silver Eagle coins. January sales are at an all-time, record-smashing high.
3,225,000 of the 2010-dated bullion silver coins have been sold as of today. Combined with the 2009-dated sales of 367,500 from earlier this month, US Mint authorized buyers have now purchased a total of 3,592,500 Silver Eagle coins — the most ever in a January, dating way back to the series launch in 1986. That, in spite of sliding silver prices, rationing and a week of unavailability between the time the 2009s sold out and the 2010s became available.
For a perspective of how significant the numbers are, only one January (2008) has ever had more than two million eagles sold, which is a far cry from this month’s already 3.5M+. More on this topic may be read from an article published earlier this week on parent site CoinNews.net entitled US Mint Silver Eagle Sales Top 3 Million, Best Ever January…
The OVERWHELMING RECORD demand for Silver American Eagles is inconsistent with the statement that demand for precious metals has weakened. Further, Silver American Eagles trade at a significant premium to spot and reflect that physical bullion trades at a premium to the paper price: