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Scramble for silver coins driven by bargain hunting, not fear

April 29, 2013 in Coins, Gold, Gold Bullion, Gold Coins, Investing, Precious Metals, Silver, Silver Coins

Michael Allan McCrae | April 26, 2013 (http://www.mining.com)

This time around record gold and silver coin sales is investment driven, says James Anderson from GoldSilver.com.

“People see silver in the 20s and they think that is a great buy,” says Anderson who is managing director of the bullion dealer.

“Saavy investors who’ve already been in this market for a bit are coming in, dollar-cost averaging and buying in at what they feel is a really good value.”

Mints around the world are coping with a crush of new orders after prices dropped on precious metals.

The Perth Mint told Kitco News that business has doubled.

“We haven’t seen this type of demand since the 2008 financial crisis,” said the Perth Mint’s sales and marketing director Ron Currie.

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