Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
HSN selling ANACS graded Silver American Eagles already!!!!
>
Reply to Thread
Message:
<p>[QUOTE="silvermonger, post: 1334909, member: 12490"]this may or may not be interesting but it does pertain to the subject</p><p>this info would seem to imply the eagles have been produced and packaged and are sitting on the shipping dock in a mountain of pallets laden with big green boxes all ready for the chosen few ($$$$$$$$$) to pick up.</p><p>---------------------------------------------------------------------------------------</p><p> By <a href="http://blogs.reuters.com/search/journalist.php?edition=us&n=frank.tang&" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://blogs.reuters.com/search/journalist.php?edition=us&n=frank.tang&" rel="nofollow">Frank Tang</a></p><p> NEW YORK | Wed Dec 28, 2011 3:10pm EST </p><p> </p><p> (Reuters) - The United States Mint said on Wednesday it has enough American Eagle gold and silver bullion coins to meet demand and does not expect to allocate them in early 2012.</p><p> Sales of the U.S. gold and silver bullion coins have slowed in the fourth quarter as precious metals prices retreated from record highs, bucking a trend earlier this year when investors flocked to physical gold and silver as safe havens.</p><p>"As we plan on having sufficient quantities of all coins available, we do not anticipate having to allocate the initial release," U.S. Mint spokesman Michael White said in a note.</p><p>The Mint had allocated its sales of gold and silver Eagle bullion coins to its authorized dealers in the last several years as unprecedented demand and a lack of coin blanks led to depletion of its supplies.</p><p>White said on Wednesday the Mint's recent supply was adequate to meet demand and allocation to dealers was no longer necessary.</p><p>Silver Eagles December sales were around 2 million ounces, sharply below its record of 6.4 million ounces set in January -- the highest monthly sales since the start of the American Eagle bullion coins in 1986.</p><p>Gold Eagles sales were at 65,000 ounces, about 20 percent below its monthly average this year, the Mint's data shows.</p><p>Bullion coins are mostly sold to investors, while the Mint also produces proof and uncirculated coins targeting collectors</p><p><br /></p><p><br /></p><p>28 December 2011, 1:26 p.m. </p><p>By <b>Kitco N</b><b>ews </b></p><p> <a href="http://www.kitco.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitco.com/" rel="nofollow">http://www.kitco.com/</a></p><p> <b>(Kitco News)</b> - The US mint says that they will begin accepting orders for 2012 dated one ounce, half-ounce, quarter-ounce and tenth-ounce American Eagle gold and silver coins beginning Jan 3, 2012. All sized gold Eagle inventory left over from 2011 will be sold at discounted premiums to authorized purchasers, except for tenth-ounce coins which will be distributed by a 4:1 ratio when ordering 2012-dated coins, also to authorized purchasers. One ounce silver Eagles will only be distributed by 4:1 ratio, the mint says. Pick-ups for any coins ordered on Jan 3 can only be picked up Jan 6, the mint says. The mint says the American Buffalo one ounce gold coin will only be available in March.[/QUOTE]</p><p><br /></p>
[QUOTE="silvermonger, post: 1334909, member: 12490"]this may or may not be interesting but it does pertain to the subject this info would seem to imply the eagles have been produced and packaged and are sitting on the shipping dock in a mountain of pallets laden with big green boxes all ready for the chosen few ($$$$$$$$$) to pick up. --------------------------------------------------------------------------------------- By [URL="http://blogs.reuters.com/search/journalist.php?edition=us&n=frank.tang&"]Frank Tang[/URL] NEW YORK | Wed Dec 28, 2011 3:10pm EST (Reuters) - The United States Mint said on Wednesday it has enough American Eagle gold and silver bullion coins to meet demand and does not expect to allocate them in early 2012. Sales of the U.S. gold and silver bullion coins have slowed in the fourth quarter as precious metals prices retreated from record highs, bucking a trend earlier this year when investors flocked to physical gold and silver as safe havens. "As we plan on having sufficient quantities of all coins available, we do not anticipate having to allocate the initial release," U.S. Mint spokesman Michael White said in a note. The Mint had allocated its sales of gold and silver Eagle bullion coins to its authorized dealers in the last several years as unprecedented demand and a lack of coin blanks led to depletion of its supplies. White said on Wednesday the Mint's recent supply was adequate to meet demand and allocation to dealers was no longer necessary. Silver Eagles December sales were around 2 million ounces, sharply below its record of 6.4 million ounces set in January -- the highest monthly sales since the start of the American Eagle bullion coins in 1986. Gold Eagles sales were at 65,000 ounces, about 20 percent below its monthly average this year, the Mint's data shows. Bullion coins are mostly sold to investors, while the Mint also produces proof and uncirculated coins targeting collectors 28 December 2011, 1:26 p.m. By [B]Kitco N[/B][B]ews [/B] [URL]http://www.kitco.com/[/URL] [B](Kitco News)[/B] - The US mint says that they will begin accepting orders for 2012 dated one ounce, half-ounce, quarter-ounce and tenth-ounce American Eagle gold and silver coins beginning Jan 3, 2012. All sized gold Eagle inventory left over from 2011 will be sold at discounted premiums to authorized purchasers, except for tenth-ounce coins which will be distributed by a 4:1 ratio when ordering 2012-dated coins, also to authorized purchasers. One ounce silver Eagles will only be distributed by 4:1 ratio, the mint says. Pick-ups for any coins ordered on Jan 3 can only be picked up Jan 6, the mint says. The mint says the American Buffalo one ounce gold coin will only be available in March.[/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
>
HSN selling ANACS graded Silver American Eagles already!!!!
>
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...