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US Mint sold out of 2013 silver eagles - 6,000,000+ sold!
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<p>[QUOTE="Juan Blanco, post: 1618385, member: 41665"]Absolutely. Overall for ASEs, BAD OMEN. </p><p><br /></p><p>Janaury is by far <i>the best month </i>for US Mint sales: they sold 7.6 million ASE units/ozt in January& February 2012. And they're struggling now!</p><p><br /></p><p><i>It's known the US Mint is scaling back production of Silver coins</i> ; PCGS is scaling back it's coin-grading service likewise (as CLCT said in their Fall 2012 earnings call.) That's trend. Sales were down big-time last year; the US Mint going to have to cut-costs if they cannot sustain this coin-hype and reverse trend. </p><p><br /></p><p>So what US Mint coin types are triaged for discontinuance? Will they just stop minting ASEs in March/April? </p><p><br /></p><p>Based on these three assumptions </p><p>a) that aggregate sales # is predominantly a 30- 45-day pre-order (say, January & February) from retailers and </p><p>b) US Mint sales follows the 2012 monthly buying pattern and </p><p>c) POS remains relatively high (~$30.) with no US economic improvement AND some increased taxes hitting US households, then</p><p><br /></p><p>I really can't see ASE sales topping 27 million ozt./units in 2013. In other words, that's a -21% decline for 2013 sales.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1618385, member: 41665"]Absolutely. Overall for ASEs, BAD OMEN. Janaury is by far [I]the best month [/I]for US Mint sales: they sold 7.6 million ASE units/ozt in January& February 2012. And they're struggling now! [I]It's known the US Mint is scaling back production of Silver coins[/I] ; PCGS is scaling back it's coin-grading service likewise (as CLCT said in their Fall 2012 earnings call.) That's trend. Sales were down big-time last year; the US Mint going to have to cut-costs if they cannot sustain this coin-hype and reverse trend. So what US Mint coin types are triaged for discontinuance? Will they just stop minting ASEs in March/April? Based on these three assumptions a) that aggregate sales # is predominantly a 30- 45-day pre-order (say, January & February) from retailers and b) US Mint sales follows the 2012 monthly buying pattern and c) POS remains relatively high (~$30.) with no US economic improvement AND some increased taxes hitting US households, then I really can't see ASE sales topping 27 million ozt./units in 2013. In other words, that's a -21% decline for 2013 sales.[/QUOTE]
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US Mint sold out of 2013 silver eagles - 6,000,000+ sold!
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