Silver stronger as gold fades?
The Mint sold 12,429,000 silver Eagles in the first three months. If it kept that pace up all year the annual total would be nearly 50 million coins. This would represent yet another large increase in output as compared to the year before. The gold one-ounce Eagle on the other hand is setting a respectable pace of 263,500 coins in the quarter. If this pace were kept up for the entire year, annual sales would reach 1,054,000 coins, or a small drop from the 1,143,000 coins sold in 2010 and the 1,315,500 coins sold in 2009.
This article was originally printed in Numismatic News.
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End of the first calendar quarter numbers arrived this week for the bullion coins.
The Mint sold 12,429,000 silver Eagles in the first three months. If it kept that pace up all year the annual total would be nearly 50 million coins. This would represent yet another large increase in output as compared to the year before. The gold one-ounce Eagle on the other hand is setting a respectable pace of 263,500 coins in the quarter. If this pace were kept up for the entire year, annual sales would reach 1,054,000 coins, or a small drop from the 1,143,000 coins sold in 2010 and the 1,315,500 coins sold in 2009.
Will the one-ounce gold end up down for the second year in a row?
For those of you who follow the running tallies in the right column for bullion coins, the 2010 Buffalo number will be removed next week and be replaced by the running tally for the 2011 issue. The new number for the month of April will appear where the 38,000 is now.
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