Monthly Archives: July 2010
Gold Rebounds Modestly, Silver Gains 0.8%
US Government Prints 547.8 Million Banknotes in June 2010
PCGS European Coin Grading Center Praised
Gold, Silver, Metal Prices Commentary – July 7, 2010
Australian Fred Hollows Inspirational $1 Coin Issued
Gold Drops Below $1200, Silver Advances
June 2010 US Mint Silver Eagle Sales Hit Record, Proofs Jeopardized
The United States Mint sold more American Silver Eagle bullion coins last month than in any other June since the series launched in 1986. Demand continues to soar during a time of year in which buying historically eases, further jeopardizing the possibility of 2010 proof and uncirculated eagle production.
Mint authorized buyers ordered 3,001,000 Silver Eagles in June, easily surpassing the prior 2,245,000 record set in June 2009.
The pace did retreat significantly from May's 3,636,500 performance when sales fell just 59,500 short of the all-time monthly December 1986 record of 3,696,000. And the summer doldrums are present, noted by the fact that despite the over 3 million sold, June only ranks as the fourth best month in 2010.
US Mint Sells 151,500 Gold Eagles in June 2010, Second Highest...
The United States Mint sold 151,500 ounces of 2010 America Gold Eagles in June, marking the second highest monthly level since 1999 and despite June's reputation as historically one of the slowest months of the year for bullion coin sales.
June sales trailed behind May's milestone of 190,000, but the month easily ranked as the second highest of 2010 and, more meaningful, the second best since the sizzling months in 1999 when eagles were purchased at record levels prior to Y2K.
The June 10, 2010 release of fractional Gold Eagles supplemented sales as the 1/2 oz, 1/4 oz and 1/10 oz size joined the one once version that had been available since January 19, 2010. The fractional five-day figures came in at 310,000 coins, amounting to 48,500 ounces of gold.