How much silver is in a silver dollar – Silver Coins sales in 2013

Silver Coins for Sale

End June 2013

US Fed caused the silver dollar to down below $19 an ounce, last Tuesday, that was what most of the traders believed due to the Federal Reserve meeting on tapering the central bank’s bond-buying program last week.

With Morgan Stanley and UBS revised their silver dollar forecasts downward to $23.39 and $24 for year 2013.The ETF holding also declined by 2% to 9,882 tones at the iShares Silver Trust, a World largest silver-backed trading fund.

On the other hand, some Silver investment guru believed that it expecting the silver dollar to stay low in the short term, and it would eventually be push up with the fact that there is limited silver available under $20 an ounce. And it’s the time now to invest on the silver coins and silver bullion.

And they are choosing to invest in physical silver and gold coins or bullion than ETF, as they believed that big banks does not have that much of physical metal then they said. They have a theory that, this round of silver and gold price dropping was a job of the big banks and government so that they are able to buy in as much physical silver and gold as they can.

From the record, past few months Germany and Venezuela were able to get their request for 300 to 200 tones of gold bullion from the US in a very short period. And India coincidently restricted gold import at this time, which cut down one of the strongest demand for gold, beside China.

What ever you see and hear, it is your money and you have to do your homework before you put your money in to it, and even if you make a loss it is your own decision and you will learn from that.

 

June 2013
Year 2013 may be a record-breaking year for silver coin sales for US Mint, reported in June by the acting director. Base on the total of 24.03 million ounces, a record-high sale of silver coins for the first half of year 2013. Comparing with year 2011, US Mint’s first half-year sales at 22.3 million ounces and ended with 118.2 million ounces at the end of the year.

Majority of the sales are from January, as this is the tradition month of silver purchasing for the silver dollar investors and June is the lowest on silver sales month of the year. Looking back on June 2011 a total sale of 3.4 million ounces, 2.85 million ounces in 2012 and 1.6 million ounces this month 2013.

Professional silver dollar investment analysts predict that demand for silver dollar such as silver coins, and silver bars will increase in September this year, the next uptrend in the silver dollar investment cycle.

 

May 2013
With the update for the month of May 2013, from U.S. Mint sales stats, silver coins sales were on the rise, especially the 2013 America the Beautiful Quarters Silver Proof Sets, on the top of the list.  A total of 2,505 sets sold last week. The increased in sales may due to the suspended items in other popular numismatic silver coins.

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The other popular product is the 2013 P Proof 5-Star Generals Silver Dollar coins at 1,809 sets. And also the 2013 Girl Scouts of the USA Centennial Silver Dollars at 1,728 follow by the Uncirculated coins at 371.

Another good news is the suspension is over for the 2013 American Eagle One Ounce Silver Proof Coin, 2012 Chaco Culture Five Ounce Uncirculated Silver Coin and Annual Uncirculated Dollar Coin Set. These Silver Coins and set resumed sales on 2nd of May with a lower price tag. The 2013-W Uncirculated Silver Eagle will also return this month on the 28th.

 

The suspension was due to a drop of 14.1% on silver price last month, at $23.54 an ounce at the London Fix, and it headed further south to $22.91 on 24th. It a new  low price in two years for the silver market. For more information on the of the silver dollar schedule.

And for those who are participating the Baseball Coin Design Competition, not to forget that the closing date is on 11th of this month at noon EDT. And if the submission hit 10,000, the Mint may suspend early. So it is better to submit early, not on the last minute.

 

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