Record! US Mint Sells Nearly 3/4 MILLION SILVER EAGLES 1st Day of October!
By Silver Shield, on October 4th, 2011
I just posted an article yesterday, pointing out how strong the physical sale of silver is from the US Mint and that the amount of dollars flowing into silver in the 1st 9 months equal the amount of dollars that flowed into the silver program in the first 263 months of its existence. Now, I get this from my friend Randa with this great catch!
Yesterday 10/3, the US Mint sold a whopping 737,000 Silver Eagle 1 oz coins in a single day!
To put this number in perspective, in Dec of 2010 with silver in the mid $20′s, the US Mint sold a total of 1,772,000 Silver Eagles FOR THE ENTIRE MONTH OF DECEMBER! Yesterday, on 10/3, with the spot price of silver approximately $31/oz, the US Mint sold 737k Eagles, or 42% of sales for ALL of December 2010!
Sales totals for September are now in as well, at a massive 4,460,500 ounces for the month, the highest monthly sales total since January 2011 (during a massive take-down…seeing the connection here) by nearly 50%!!
If the yesterday’s sales pace is continued throughout the rest of 2011 (not to mention the increase we would see with any further sell-off), the US Mint Silver Eagle sales would be nearly 50 Million ounces for the LAST QUARTER OF 2011!
In 2010, the US Mint sold a record 34.662 Million Silver Eagle 1 oz coins.
You sure you want to challenge $20 Blythe?
What will daily Silver Eagle sales look like then? 1 M oz? 2 M oz? 5 M oz?
2011 Silver Sales Totals (in ounces / number of coins)
Month One
( oz. / #coins )
January 6,422,000
February 3,240,000
March 2,767,000
April 2,819,000
May 3,653,500
June 3,402,000
July 2,968,000
August 3,679,500
September 4,460,500 October 737,000That is ONE DAY!
Also keep in mind that the same day people bought $25,000,000 dollars of silver in one day, the government spent $47,000,000,000 more than it took in on that same day. Dramatically higher silver is coming with more dollars that come into circulation and the further the loss of confidence in the dollars that are in circulation. Oh yeah, China that is holding trillions in our debt is threatening a trade war with us. Go dollar!
That’s a lot of Eagles, and I have some of them. Getting more tomorrow.
We’re building an Ark my friends. A flood is coming. The numbers are growing exponentially and very soon the price will also. Silver is the premiere investment/insurance policy of a life time. Better to be early than one day to late.
Was in to see my local dealer today…the US govt. quit printing/stamping Silver Eagles last week…hmmm…better buy anything that you can get your hands on as this will put more pressure on other silver producers…last week was his vacation. however on mon. and tues he worked half a day due to the “silver sale”… in dinkytown usa buyers bought over $50k each day…
IMO, watch what happens in Greece…they have done nothing to help themselves…oooops, it also sounds like the US!
You’re much better off buying generic rounds or “junk” silver than to buy US Eagles. The markup from the mint is a lot higher and does not decrease when the price of silver falls. It’s been said by many silver “gurus” that “premium” disappears when you go to sell them. As anyone who has tried to sell to a dealer will attest. They pay the same per ounce price for Eagles, rounds, bars, etc.
Be careful to not get caught up in the buying frenzy and get careless with your money. Current sale price for Eagles is $59.95!!!!!!!EACH Proofs are even higher $89.95 http://www.govmint.com/search/Silver-Eagles/01SCEA/61
Silver would have to DOUBLE from here just to break even. While I agree having some silver is better than having none. Shop around for the best deal…
Save the Eagles for the Noobs in the market.
Tommy
Lowest premium for silver (and gold) on the internet today.
I have ordered numerous times from the Westminster mint and service is great. All orders are shipped by USPS Priority Mail Insured.
Check them out, they have 1/2′s, 1/10′s and other sizes in gold and silver. http://www.coin-rare.com/silver-bullion.aspx
Tommy
The US must have the cheapest Silver in the world at the moment!
In Europe, and especially in the UK Silver bullion coins of all types (Maples, Britannias, Eagles, Philharmonics, Libertads, etc) are for sale at nothing close to ‘spot’.
My local bullion dealer here in the North of England has only a handfull of coins left – all at much, much, more than spot. It does not help that ‘new’ coins attract a 20% sales tax in the UK, but even so the cheapest ‘new’ coin available costs £42 (thats $67 US Dollars!!!!!). No they are not proof or numismatic, they are straight from a tube or simply off the display shelf!
Of course, if you buy in bulk (more than 100 coins at a time) prices come down, but for most ordinary people simply trying to convert their megre cash savings or pay cheque, the only option is a couple of coins at a time.
‘Old’ circulated coins are being offered at £35 each ($56 US Dollars). Even on UK eBay, bullion coins and bars are typically going for at least £30 each excluding shipping. Add shipping and we are close to £35 ($56 USD) again.
Some art style bullion bars (1 troy oz) and Australian coins are attracting massive premiums. I recently saw a ‘pamp suisse’ bar go for £48 (thats $76 US Dollars for just one ounce of Silver!).
I also note that all dealers, and even eBay, don’t have more than a few dozen coins for sale at any one time. Local and national dealers are reporting lead times for new stock at 2 to 3 weeks. However 2 to 3 week ago they still had this lead time so I suspect supplies of physical are starting to dry up.
I understand demand on continental Europe is picking up too with some shortages being reported.
If you guys over in the US can still buy physical without any government taxes being imposed I say make the most of it whilst you can. From what I have seen you guys have proberbly got access to the cheapest Silver bullion in the western world!
In the UK it certainly looks like the long anticipated paper/physical price divergance has arrived.
Andy, thanks for your update on the UK front. I’m from canada, our gold/silver prices are low too compared to UK but still about 5-10% higher than what americans pay in the USA. USA has it so good and they don’t it.
Buy a Silver Eagle Coin at Spot Internet Special. Limit one Silver Eagle per household, US residents only. The best deal on one Eagle that I can find I have one on the way. http://ecom.uscoins.com/ProductInfo.aspx?productid=228874
Tommy,
Silver American Eagles at $59.95, really? I agree that private mint rounds are better but I do purchase some Eagles, in fact did so just a couple of weeks ago on Ebay and from Westminister and paid considerably less. My ebay purchase was $38 per Eagle. Currently Westminster 2011 Eagles are priced at $34.02, add shipping on a roll of 20 and it is $35 per eagle. Why would you even consider buying a proof? Just get the silver.
Just did a quick check on Ebay. Great Southern Coins has a bid that closes in 12 minutes. High bid at this time is $760, free shipping. $36 per Eagle. Where are you guys trying to buy silver?
This article is about the US Mint selling Eagles.
Did you even click the link I posted. It was from yesterday (Weds.) at the US Mint website. $59.95 unless my eyes fail me, that’s what they’re charging!!!!
You are quoting other sites for your prices, NOT THE US MINT…
Click the link http://www.govmint.com/search/Silver-Eagles/01SCEA/61
Bought 50 francs Hercule silver coin yesterday in Paris (Bourse area), at 28 euros each (37+ usd). It has 27 grams of silver, which makes it 43 usd an ounce, or 43% over spot. Other coins (Eagles, Maples, etc.) more than that or unavailable. In Argentina is worse: 80-90 usd for a Maple, Eagle, Mexican, or a bar (which are very rare over there).
But you can’t buy directing from the Mint. That is a suggested retail, but wholesale dealers that can purchase Eagles from the Mint don’t pay that. They pay a discounted price, the selling dealer’s markup is the premium. If new purchases were $59 then dealers like Great Southern would not be selling at $36. Not a way to run a business if you sell your current stock commodity at $24 below the replacement cost of $59.
You can not use the Mint’s printed pricing to suggest that American Eagles cost $59 when across the market they are mid thirties at best. Even Blanchard, one of the more pricy dealers buying directly from the Mint is selling Eagles at $34.50 each. Neither you nor I can purchase American Eagles directly from the US Mint. There are only a select few wholesale dealers that can.
Quoting the Mint as the price of Silver or Gold Eagles is like quoting Ben Bernake on the state of inflation.
BTW, The US Mint is not the marketplace. But if you want to purchase some Silver Eagles I’ll discount mine for you, I’ll beat the Mints price, I’ll sell them to you for $50 per. That’s a $10 discount off their price. Its a bargin. $1000 per 20 mint roll never opened. And once you buy them I’ll go to Ebay or Westminster with the funds and purchase the identical 20- 2011 Silver Eagles for $760. Think about it does that make any sense? Why would you purchase from the Mint, if you could at $59 knowing that the Market is selling in the mid thirties. Better yet, If I was in business why would I sell you a Silver Eagle at $36 knowing that my inventory replacement cost is $59.
The US Mint doesn’t set the market price. I can guarentee you that no dealer is paying $59 per American Eagle. For one, it is contray to the Treasury desire to suppress Silver.
Tommy,
My apologies I did not go to the link you posted until just now. GOVMINT.COM is not the US MINT site. They are a dealer and as a dealer they can charge whatever they want, selling is different story.
Silver Eagle states, “Feel sorry for you guys in the UK!”
You don’t realise the half of it, mate. This overcrowded dysfunctional island is not called ‘rip-off Britain’ for no reason. It’s around $2 for a LITRE of petroleum gasolene – prob why many people drive 1.1 and 1.3 engines in small cars.
Oh, and Mervin King, the Rothschild employee and governor of the UNLAWFUL Bank of England has promised to dump another £75 billion/$110 billion of sterling onto the banking cartels balance sheet – at us serfs expense of course.
Good luck wherever you are in this still wonderful world.
This base metal hasn’t received nearly the press that its precious peers — gold, silver, platinum and palladium — have. But it should.
Copper is one of the most useful metals on Earth. It is an efficient conductor of electricity. It is flexible and strong and it doesn’t corrode easily. It is used for heating, air conditioning, plumbing, roofing, adapters, computers, cars, mobile phones, wiring, electrical leads, transformers, motors and lighting units.
Gareth
I beleive this quote is attributed to Patrick Henry and forgive me it is a paraphrase
‘ if a society loses control of either their means to bear arms or the control of their currency, they will shortly lose control of the both’
You guys have lost control of both and I am afraid we may quickly see the attempt to lose our rights of bear arms since we have lost control of our currency some many years ago.
Hey Chris,
Just wanted to take a moment out of my life to thank you for all the life changing decisions/events that have occurred because of the information you've brought to the forefront when I discovered you, DTOM, & the SOL academy.
I shunned the psychopaths in my life, closed my facebook, took every hour of free time to see the academy and read A LOT (a first for me), learned that I have a deep innate thirst for knowledge and teaching, jumped head first on topics I would have NEVER taken an interest in if not for waking up (finance, economics, politics, psychology, to name a few), and view everything in a completely different, but forward thinking and more intricate way.
What you say is so true ... "once your eyes are open, you can never close them again" - EVER.
The magnitude of all the changes that I've made in my life because of the SOL academy are so huge that I can't even begin to put a word on it. It's like a golden seed of life, love & truth, planted in my mind that is making me realize what does matter, what is real, and what I want be at the end of the day to myself, loved ones, and the world.
Hope you're having a well-deserved and wonderful time with your family. A toast to you, the individuals in our group, and all the great and positive things to come despite such times.
Peace.
- Irving A.
Sons of Liberty Academy Testimonial
You really need to sign up at the Sons Of Liberty Academy! I have been researching, as Chris has, for the last 5 years and have found out many things that have really changed my way of thinking! After signing up with Chris I have learned a lot more and he has vilified that which I have already learned!
Check it out!
He will BLOW your mind and secure your future! Chris Duane ROCKS!!!
-Dennis S.
Sons of Liberty Academy Testimonial
I just finished the 10 modules of the Sons of Liberty Academy. I have never been so educated and aware, in such a short time.
I now have a game plan and see my role more clearly. It all makes sense.
It is very important to understand what is going on in our world and how to fight against it most effectively.
45 hours of video is a lot of information (I spend 3 weeks day and night, going through the course).
I would look for information on my own and it would take me a lot of time but to have it done and just to be able to build on that is great.
I do appreciate it to be free otherwise I would not be able to take it.
Thanks;
Raj
Sons Of Liberty Academy Testimonial
I just wanted to drop you a note and thank you. I've been studying the Academy, about to start module 5.
The information I've observed to this point has opened my mind to new ideas, and also reaffirmed some beliefs I've always had. I feel a tremendous sense of confidence now, the fear is subsiding, and I'm excited to complete the Academy and find the direction I can take with my future, as well as my friends and family.
As Bill Hicks said, the next revolution will be a revolution of ideas. I'm glad to be a part of this program.
Many thanks,
Michael
Naples, Florida
Sons of Liberty Academy Tesimonial
"Silver Shield,
The Sons of Liberty Academy is really fantastic! I highly recommend the Academy and the hard work and dedication to the truth that Silver Shield has put forth for defenders of Freedom and Liberty.
The betrayal of the Tea Party loyalist is becoming evident. A rebellion is brewing day by day, and the Power Elite have every right to be very worried.
Awaken People don't be fooled again! Join the Academy.."
-Ray
Sons Of Liberty Academy Testimonial
My only regret is that I did not have this knowledge 20 years ago. The Sons of Liberty Academy is truly life changing.
If anyone is on the fence about joining the Academy, I will tell them they are doing themselves, their family and the country a injustice by not taking it.
Don’t let the money stand in the way, the course is invaluable and will pay for it self many times over with the finance info within the course.
I have two masters degrees and the Sons of Liberty Academy has been of greater benefit than all the “formal” education I have received.
Thanks Chris! You are a true Patriot and hero! -Randy H.
Sons of Liberty Academy Testimonial
"I am very excited about what I've learned so far! I have 3 more modules to complete. I've gone through a few of them twice, especially when there is history discussed. I find that very interesting. I am going to run through the entire Academy again, and review all the additional materials linked below the videos. There is so, so much information. Thank you for your hard work putting this together.
I am spreading the word."
- Michael L.
Sons of Liberty Academy Testimonial
"I have just finished watching Module Six and continue to be amazed at the deception perpetrated on the American people.
I applaud your work and thank you sincerely for these eye-opening truths you have laid out.
I never had an interest in politics or our monetary system because it seemed too confusing, however, the simple way it is taught in the Academy has far surpassed any education I have received in my 35 years on this earth."
- Sean A.
Sons of Liberty Academy Testimonial
"In just a few short months, I've gone from being a skeptic to being a believer.
I'm a born-again Christian, a veteran, and a patriot, but I'm also a realist.
I now prep and am protecting my assets.
DTOM has played a big part in my new education.
Heck, I love the T-shirts, too!
Thanks for doing a great job. Now I Get It!!!!"
Harry S.
Thank you for giving me the wisdom of awareness.
I have been sharing it with others, but there are so many more to reach. I am not afraid of the changes we will soon see, but confident that I am prepared to handle them. We are building a strong group here in my area and have shared your website with several key people of influence here.
Thank God I found you and took the time to go through the Academy. At the risk of sounding overly dramatic, my life will never be the same, and for that I am very grateful.
That’s a lot of Eagles, and I have some of them. Getting more tomorrow.
We’re building an Ark my friends. A flood is coming. The numbers are growing exponentially and very soon the price will also. Silver is the premiere investment/insurance policy of a life time. Better to be early than one day to late.
Was in to see my local dealer today…the US govt. quit printing/stamping Silver Eagles last week…hmmm…better buy anything that you can get your hands on as this will put more pressure on other silver producers…last week was his vacation. however on mon. and tues he worked half a day due to the “silver sale”… in dinkytown usa buyers bought over $50k each day…
IMO, watch what happens in Greece…they have done nothing to help themselves…oooops, it also sounds like the US!
where is all this silver coming from, how are they still able to sell it at these low prices. i must be missing something
You’re much better off buying generic rounds or “junk” silver than to buy US Eagles. The markup from the mint is a lot higher and does not decrease when the price of silver falls. It’s been said by many silver “gurus” that “premium” disappears when you go to sell them. As anyone who has tried to sell to a dealer will attest. They pay the same per ounce price for Eagles, rounds, bars, etc.
Be careful to not get caught up in the buying frenzy and get careless with your money. Current sale price for Eagles is $59.95!!!!!!!EACH Proofs are even higher $89.95
http://www.govmint.com/search/Silver-Eagles/01SCEA/61
Silver would have to DOUBLE from here just to break even. While I agree having some silver is better than having none. Shop around for the best deal…
Save the Eagles for the Noobs in the market.
Tommy
Lowest premium for silver (and gold) on the internet today.
I have ordered numerous times from the Westminster mint and service is great. All orders are shipped by USPS Priority Mail Insured.
Check them out, they have 1/2′s, 1/10′s and other sizes in gold and silver.
http://www.coin-rare.com/silver-bullion.aspx
Tommy
The US must have the cheapest Silver in the world at the moment!
In Europe, and especially in the UK Silver bullion coins of all types (Maples, Britannias, Eagles, Philharmonics, Libertads, etc) are for sale at nothing close to ‘spot’.
My local bullion dealer here in the North of England has only a handfull of coins left – all at much, much, more than spot. It does not help that ‘new’ coins attract a 20% sales tax in the UK, but even so the cheapest ‘new’ coin available costs £42 (thats $67 US Dollars!!!!!). No they are not proof or numismatic, they are straight from a tube or simply off the display shelf!
Of course, if you buy in bulk (more than 100 coins at a time) prices come down, but for most ordinary people simply trying to convert their megre cash savings or pay cheque, the only option is a couple of coins at a time.
‘Old’ circulated coins are being offered at £35 each ($56 US Dollars). Even on UK eBay, bullion coins and bars are typically going for at least £30 each excluding shipping. Add shipping and we are close to £35 ($56 USD) again.
Some art style bullion bars (1 troy oz) and Australian coins are attracting massive premiums. I recently saw a ‘pamp suisse’ bar go for £48 (thats $76 US Dollars for just one ounce of Silver!).
I also note that all dealers, and even eBay, don’t have more than a few dozen coins for sale at any one time. Local and national dealers are reporting lead times for new stock at 2 to 3 weeks. However 2 to 3 week ago they still had this lead time so I suspect supplies of physical are starting to dry up.
I understand demand on continental Europe is picking up too with some shortages being reported.
If you guys over in the US can still buy physical without any government taxes being imposed I say make the most of it whilst you can. From what I have seen you guys have proberbly got access to the cheapest Silver bullion in the western world!
In the UK it certainly looks like the long anticipated paper/physical price divergance has arrived.
Andy, thanks for your update on the UK front. I’m from canada, our gold/silver prices are low too compared to UK but still about 5-10% higher than what americans pay in the USA. USA has it so good and they don’t it.
Buy a Silver Eagle Coin at Spot Internet Special. Limit one Silver Eagle per household, US residents only. The best deal on one Eagle that I can find I have one on the way.
http://ecom.uscoins.com/ProductInfo.aspx?productid=228874
Tommy,
Silver American Eagles at $59.95, really? I agree that private mint rounds are better but I do purchase some Eagles, in fact did so just a couple of weeks ago on Ebay and from Westminister and paid considerably less. My ebay purchase was $38 per Eagle. Currently Westminster 2011 Eagles are priced at $34.02, add shipping on a roll of 20 and it is $35 per eagle. Why would you even consider buying a proof? Just get the silver.
Feel sorry for you guys in the UK!
Just did a quick check on Ebay. Great Southern Coins has a bid that closes in 12 minutes. High bid at this time is $760, free shipping. $36 per Eagle. Where are you guys trying to buy silver?
@ silver eagle
This article is about the US Mint selling Eagles.
Did you even click the link I posted. It was from yesterday (Weds.) at the US Mint website. $59.95 unless my eyes fail me, that’s what they’re charging!!!!
You are quoting other sites for your prices, NOT THE US MINT…
Click the link http://www.govmint.com/search/Silver-Eagles/01SCEA/61
Bought 50 francs Hercule silver coin yesterday in Paris (Bourse area), at 28 euros each (37+ usd). It has 27 grams of silver, which makes it 43 usd an ounce, or 43% over spot. Other coins (Eagles, Maples, etc.) more than that or unavailable. In Argentina is worse: 80-90 usd for a Maple, Eagle, Mexican, or a bar (which are very rare over there).
But you can’t buy directing from the Mint. That is a suggested retail, but wholesale dealers that can purchase Eagles from the Mint don’t pay that. They pay a discounted price, the selling dealer’s markup is the premium. If new purchases were $59 then dealers like Great Southern would not be selling at $36. Not a way to run a business if you sell your current stock commodity at $24 below the replacement cost of $59.
You can not use the Mint’s printed pricing to suggest that American Eagles cost $59 when across the market they are mid thirties at best. Even Blanchard, one of the more pricy dealers buying directly from the Mint is selling Eagles at $34.50 each. Neither you nor I can purchase American Eagles directly from the US Mint. There are only a select few wholesale dealers that can.
Quoting the Mint as the price of Silver or Gold Eagles is like quoting Ben Bernake on the state of inflation.
BTW, The US Mint is not the marketplace. But if you want to purchase some Silver Eagles I’ll discount mine for you, I’ll beat the Mints price, I’ll sell them to you for $50 per. That’s a $10 discount off their price. Its a bargin. $1000 per 20 mint roll never opened. And once you buy them I’ll go to Ebay or Westminster with the funds and purchase the identical 20- 2011 Silver Eagles for $760. Think about it does that make any sense? Why would you purchase from the Mint, if you could at $59 knowing that the Market is selling in the mid thirties. Better yet, If I was in business why would I sell you a Silver Eagle at $36 knowing that my inventory replacement cost is $59.
The US Mint doesn’t set the market price. I can guarentee you that no dealer is paying $59 per American Eagle. For one, it is contray to the Treasury desire to suppress Silver.
Tommy,
My apologies I did not go to the link you posted until just now. GOVMINT.COM is not the US MINT site. They are a dealer and as a dealer they can charge whatever they want, selling is different story.
If you want to see the US Mint site go here
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13738&langId=-1&parent_category_rn=10191&top_category=10191
It clearly states to located a Coin Dealer.
The US Mint is USMINT.GOV
http://www.shtfplan.com/precious-metals/media-lunacy-gold-is-backed-by-nothing-unlike-the-us-dollar-which-is-backed-by-the-american-government_09292011
Silver Eagle states, “Feel sorry for you guys in the UK!”
You don’t realise the half of it, mate. This overcrowded dysfunctional island is not called ‘rip-off Britain’ for no reason. It’s around $2 for a LITRE of petroleum gasolene – prob why many people drive 1.1 and 1.3 engines in small cars.
Oh, and Mervin King, the Rothschild employee and governor of the UNLAWFUL Bank of England has promised to dump another £75 billion/$110 billion of sterling onto the banking cartels balance sheet – at us serfs expense of course.
Good luck wherever you are in this still wonderful world.
@ Silver Eagle
Whoops. I Googled US MInt and this was the site that came up. My bad.
I only buy from Westminster, they’ve always had the lowest prices over spot that I can find.
This base metal hasn’t received nearly the press that its precious peers — gold, silver, platinum and palladium — have. But it should.
Copper is one of the most useful metals on Earth. It is an efficient conductor of electricity. It is flexible and strong and it doesn’t corrode easily. It is used for heating, air conditioning, plumbing, roofing, adapters, computers, cars, mobile phones, wiring, electrical leads, transformers, motors and lighting units.
Gareth
I beleive this quote is attributed to Patrick Henry and forgive me it is a paraphrase
‘ if a society loses control of either their means to bear arms or the control of their currency, they will shortly lose control of the both’
You guys have lost control of both and I am afraid we may quickly see the attempt to lose our rights of bear arms since we have lost control of our currency some many years ago.
[...] Source: USMint, Dont Tread on Me Articles liés:Enfin des onces d’argent disponible en France ! [...]