by

U.S. Mint Sales of Silver Coins Reach Record in First Half

June 18, 2013 in Coins, Gold, Gold Coins, News, Precious Metals, Silver, Silver Coins, US Mint, USA Coins

By Debarati Roy – Jun 17, 2013 (http://www.bloomberg.com)

Sales of silver coins by the U.S. Mint are heading for the best start to a year since at least 1986 as prices slumped.

Sales in 2013 have reached 24.03 million ounces, according to data on the mint’s website. That’s the highest for the first six months of a year since records begin. Demand reached a monthly all-time high of 7.5 million ounces in January.

Demand remains at an “unprecedented level,” and sales of gold and silver coins may reach an annual record this year, Richard Peterson, the acting director of the mint, said on June 5. Silver coin sales were suspended in January for more than a week because of a lack of inventory. In April, purchases more than doubled from a year earlier after prices tumbled into a bear market.

Full article at source>

Share Button

Comments are closed.

Translate »