Thursday, January 17, 2013

Silver Eagles Off to a Strong Start in 2013

At the time of this post in mid-January 2013, sales of Silver American Eagles stand at 5,132,000 with lots of month to go. This is on course to mimic 2011 and 2012 in which January was the most productive month for Silver Eagles at 6,422,000 and 6,107,000.

The mint ran out of 2012 Silver Eagles in mid-December so buyers had to wait until January 7, 2013 to get their hands on additional coins, those bearing the 2013 date. So that 5,132,000 was achieved in less than half a month.

Dealers are reporting great demand in not only silver Eagles but silver Maple Leafs, 10 and 100 ounce silver  bars and 90 percent silver coins. If you are running into a shortage of silver pieces to buy, you might have better luck shopping for silver rounds and one-ounce silver bars. Anything with a Engelhard or Johnson Matthey stamp or hallmark is a plus.

Other options are lesser known government issued silver coins such as the one-ounce silver Mexican Libertad. Upon first seeing this silver coin, I thought the obverse was the reverse and vice versa.  It is the reverse that features The Angel of Independence (a reproduction of the one that stands atop a victory column commemorating Mexico’s War of Independence) with two volcanoes (Popocat├ępetl and Iztaccihuatl) in the background. The obverse displays the current coat of arms of Mexico surrounded by the historical Mexican coats of arms.


 The Mexican Libertad comes in both gold and silver in various sizes beginning at 1/20 of an ounce but I like the one-ounce silver coin as it has the heft and feel of a "real" coin, not the clad coins we usually have to deal with day in and day out.

In my last post I mentioned my first eBook on Amazon titled "The Last U.S. 90 Percent Silver Coins - A Buying and Selling Guide" which can be found at Last 90 Percent coins

I have just published the next in the U.S. Silver Coin Series titled "Tips on Buying and Selling Peace and Morgan Silver Dollars". In this eBook I expand on the Peace and Morgan dollars to include more grading information, where wear marks first appear and even a bit on cleaning these coins (with warnings about doing so). Priced at just $.99 you can find out more at Buy/Sell Peace and Morgan Dollars

Thanks for reading. 

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