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US Mint sells 6,442,000 Silver Eagles in January alone!

 
Silver Rocket Bitches!
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User ID: 1165057
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02/04/2011 12:17 PM
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US Mint sells 6,442,000 Silver Eagles in January alone!
U.S. Mint Sells 6,442,000 Silver Eagles in January

The U.S. Mint proved me a liar yesterday, as they revised their final January sales figures on February 1st...a trick they haven't pulled in a while. Anyway, the final January updates are staggering. They increased their gold eagle sales by another 50,500 ounces...and increased their silver eagle sales by an eye-watering 1,698,000. Total January sales check in at 133,500 ounces of gold eagles...and 6,422,000 silver eagles. Almost 20% of U.S. silver production for 2011 disappeared into silver eagles in just one month. Words fail me.

However, as I said several times during the prior month...1,696,000 of these sales were reported on January 3rd...and rightfully belong in December 2010 sales. But, the big headline number will be the one that goes into the history books.

For the month of January, silver eagle ounces outsold gold eagle ounces by a factor of 48 to 1.

Along with these record sales in January, the mint also reported some sales for the month of February as well...6,000 ounces of gold eagles, along with 50,000 silver eagles.

[link to www.caseyresearch.com]

get ready for take off! pilot
Anonymous Coward
User ID: 1255517
United Kingdom
02/04/2011 12:19 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
scream

chorus

I is gonna be rich, but big time!
Anonymous Coward
User ID: 1246559
Germany
02/04/2011 12:22 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
WOW!

Its very sad that i cant invest more money in silver, i am already all-in....
Silver Rocket Bitches!  (OP)

User ID: 1165057
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02/04/2011 12:30 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
Here's a little perspective for ya...

US MINT SILVER EAGLE MINTAGE FIGURES

Bullion
1986 - 5,393,005
1987 - 11,442,335
1988 - 5,004,646
1989 - 5,203,327
1990 - 5,840,110
1991 - 7,191,066
1992 - 5,540,068
1993 - 6,763,762
1994 - 4,227,319
1995 - 4,672,051
1996 - 3,603,386
1997 - 4,295,004
1998 - 4,847,549
1999 - 7,408,640
2000 - 9,239,132
2001 - 9,001,711
2002 - 10,539,026
2003 - 8,495,008
2004 - 8,882,754
2005 - 8,891,025
2006 - 10,676,522
2007 - 9,028,036
2008 - 20,583,000
2009 - 30,459,000
2010 - 34,295,000*
Anonymous Coward
User ID: 1107716
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02/04/2011 12:32 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
Yeah, JP Morgan, Goldman Sachs, Soros, Kissinger, Rothchilds, Rockerfellers and friends bought them all using counterfeit printed on OUR presses.
LouisWinthorpeIII

User ID: 1090353
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02/04/2011 12:34 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
Here's a little perspective for ya...

US MINT SILVER EAGLE MINTAGE FIGURES

Bullion
1986 - 5,393,005
1987 - 11,442,335
1988 - 5,004,646
1989 - 5,203,327
1990 - 5,840,110
1991 - 7,191,066
1992 - 5,540,068
1993 - 6,763,762
1994 - 4,227,319
1995 - 4,672,051
1996 - 3,603,386
1997 - 4,295,004
1998 - 4,847,549
1999 - 7,408,640
2000 - 9,239,132
2001 - 9,001,711
2002 - 10,539,026
2003 - 8,495,008
2004 - 8,882,754
2005 - 8,891,025
2006 - 10,676,522
2007 - 9,028,036
2008 - 20,583,000
2009 - 30,459,000
2010 - 34,295,000*
 Quoting: Silver Rocket Bitches!


Notice black monday's ripple, and of course the 2008 collapse?

we are far from out of it.
"I don't know which was scarier...the speech...or the Congress cheering it. He evoked Lincoln. Whenever a President is going to get us into serious trouble...they always use Lincoln."
-2010
King James

User ID: 1038231
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02/04/2011 12:39 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
Yeah, JP Morgan, Goldman Sachs, Soros, Kissinger, Rothchilds, Rockerfellers and friends bought them all using counterfeit printed on OUR presses.
 Quoting: Anonymous Coward 1107716


So did I except not as much.

Last Edited by King James on 02/04/2011 12:39 PM
Silver Rocket Bitches!  (OP)

User ID: 1165057
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02/04/2011 12:43 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
Yeah, JP Morgan, Goldman Sachs, Soros, Kissinger, Rothchilds, Rockerfellers and friends bought them all using counterfeit printed on OUR presses.
 Quoting: Anonymous Coward 1107716


They're still available if you want to pick some up and join this exclusive club.
Silver Rocket Bitches!  (OP)

User ID: 1165057
United States
02/04/2011 01:16 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
bump
Anonymous Coward
User ID: 961432
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02/04/2011 01:22 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
OP, do you have any data on the Canadian Mint sales? It would be interesting to see if they correlate.
Silver Rocket Bitches!  (OP)

User ID: 1165057
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02/04/2011 01:45 PM
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Re: US Mint sells 6,442,000 Silver Eagles in January alone!
OP, do you have any data on the Canadian Mint sales? It would be interesting to see if they correlate.
 Quoting: Anonymous Coward 961432


While the maple leafs didn't sell as well as the Silver Eagles, I suppose because they have a hideous looking hag stamped on them, you can still see the increase in the mintage as confidence is increasingly lost in fiat currency.

Year Mintage
1988 - 1,062,000
1989 - 3,332,200
1990 - 1,708,800
1991 - 644,300
1992 - 343,800
1993 - 1,133,900
1994 - 889,946
1995 - 326,244
1996 - 250,445
1997 - 100,970
1998 - 591,359
1999 - 1,229,442
2000 - 403,652
2001 - 398,563
2002 - 576,196
2003 - 684,750
2004 - 680,925
2005 - 955,694
2006 - 2,464,727
2007 - 3,526,052
2008 - 7,909,161
2009 - 9,727,592
2010 - not available

Also, these rounds tend to get nasty looking milk spots for some reason which really sucks.





GLP