Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2011 ASE monthly mintage breaks record
>
Reply to Thread
Message:
<p>[QUOTE="WingedLiberty, post: 1096501, member: 26030"]<font face="Arial"><span style="color: black">[FONT=&quot]</span></font></p><p><font face="Arial"><span style="color: black"></span></font>[/FONT]<span style="color: black">[ATTACH]109573.vB[/ATTACH]</span><font face="Arial"><span style="color: black">[FONT=&quot]</span></font></p><p><font face="Arial"><span style="color: black"></span></font>[/FONT]<font face="Arial"><span style="color: black">[FONT=&quot]</span></font></p><p><font face="Arial"><span style="color: black">From the Mint News Blog:</span></font></p><p><font face="Arial"><span style="color: black"><br /></span></font></p><p><font face="Arial"><span style="color: black"></span></font>[/FONT]<font face="Arial"><span style="color: black">[FONT=&quot]<i><span style="color: red">Over the course of the past three years, the US Mint's silver bullion sales have broken numerous records. This began with the record annual sales achieved in 2008 (21 million). This followed with new annual sales records achieved in 2009 (30 million) and 2010 (32 million). </span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red"><br /></span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red">Last year, a <u>monthly </u>sales record was also set in November 2010 (4 million), breaking the long standing prior monthly record from December 1986 (the first year of issue).</span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red"><br /></span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red">In <u>January 2011</u>, a fresh <u>monthly</u> sales record was set by a wide margin. The US Mint sold <b><u>6,422,000</u></b> of the 2011 American Silver Eagle bullion coins. This exceeded the previously monthly sales record by more than 2 million.</span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red"><br /></span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red">Incredibly, the latest <u>monthly </u>total also exceeds the <u>annual</u> sales totals for the program during <u>ten separate years</u> (86, 88, 89, 90, 92, 94, 95, 96, 97, 98). Also, the new monthly record was achieved despite the fact that the US Mint has been rationing supplies to authorized purchasers once again.</span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red"><br /></span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red">- - - </span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red"></span></i><span style="color: black"></span></span></font></p><p><font face="Arial"><span style="color: black"><span style="color: black">It's pretty amazing. I was thinking with silver hitting a new high of over $31 an ounce in late December 2010 and then falling down to $26 last month, that sales would slow a bit for the 2011's (since most people get excited to buy during steep price rises; and so many people loaded up on ASE's in 2010). </span></span></font></p><p><font face="Arial"><span style="color: black"><span style="color: black"><br /></span></span></font></p><p><font face="Arial"><span style="color: black"><span style="color: black">It makes me wonder if the mint might suspend ASE sales before the end of the year, since in the past, getting enough silver blanks has been a problem (causing the cancellation of some special issues in 2009). I seriously doubt it would, but if this sales rate kept up all year, the 2011 mintage could exceed 77 million (more than double the previous high).</span></span></font></p><p><font face="Arial"><span style="color: black"><span style="color: black"><br /></span></span></font></p><p><font face="Arial"><span style="color: black"><span style="color: black">What will it take for the demand for ASE's start to let up?</span><i><span style="color: red"></span></i></span></font></p><p><font face="Arial"><span style="color: black"><i><span style="color: red"></span></i> </span></font>[/FONT][/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 1096501, member: 26030"][FONT=Arial][COLOR=black][FONT="] [/COLOR][/FONT][COLOR=black][/COLOR][/FONT][COLOR=black][ATTACH]109573.vB[/ATTACH][/COLOR][FONT=Arial][COLOR=black][FONT="] [/COLOR][/FONT][COLOR=black][/COLOR][/FONT][FONT=Arial][COLOR=black][FONT="] From the Mint News Blog: [/COLOR][/FONT][COLOR=black][/COLOR][/FONT][FONT=Arial][COLOR=black][FONT="][I][COLOR=red]Over the course of the past three years, the US Mint's silver bullion sales have broken numerous records. This began with the record annual sales achieved in 2008 (21 million). This followed with new annual sales records achieved in 2009 (30 million) and 2010 (32 million). Last year, a [U]monthly [/U]sales record was also set in November 2010 (4 million), breaking the long standing prior monthly record from December 1986 (the first year of issue). In [U]January 2011[/U], a fresh [U]monthly[/U] sales record was set by a wide margin. The US Mint sold [B][U]6,422,000[/U][/B] of the 2011 American Silver Eagle bullion coins. This exceeded the previously monthly sales record by more than 2 million. Incredibly, the latest [U]monthly [/U]total also exceeds the [U]annual[/U] sales totals for the program during [U]ten separate years[/U] (86, 88, 89, 90, 92, 94, 95, 96, 97, 98). Also, the new monthly record was achieved despite the fact that the US Mint has been rationing supplies to authorized purchasers once again. - - - [/COLOR][/I][COLOR=black] It's pretty amazing. I was thinking with silver hitting a new high of over $31 an ounce in late December 2010 and then falling down to $26 last month, that sales would slow a bit for the 2011's (since most people get excited to buy during steep price rises; and so many people loaded up on ASE's in 2010). It makes me wonder if the mint might suspend ASE sales before the end of the year, since in the past, getting enough silver blanks has been a problem (causing the cancellation of some special issues in 2009). I seriously doubt it would, but if this sales rate kept up all year, the 2011 mintage could exceed 77 million (more than double the previous high). What will it take for the demand for ASE's start to let up?[/COLOR][I][COLOR=red] [/COLOR][/I] [/COLOR][/FONT][COLOR=black][/COLOR][/FONT][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
2011 ASE monthly mintage breaks record
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...