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kudos to the US Mint

seemyauctionseemyauction Posts: 3,655 ✭
in Precious Metals

If you follow the Stock Market you will know that in 2007 Stocks started into a decline. When Stocks start to decline investors start looking for alternative investments. Its interesting to me that the US Mint was able to see this opertunity and capitalize on it. From 2007 to 2008 the US Mint more than doubled its production of both Gold and Silver 1 oz. Eagles.


Mintage of Circulated 1oz. Silver Eagles
2003 8,495,008
2004 8,882,754
2005 8,891,025
2006 10,676,522
2007 9,028,036
2008 20,583,000
2009 28,766,500

Mintage Circulated 1oz. Gold Eagles
2003 416,032
2004 417,019
2005 356,555
2006 237,510
2007 140,016
2008 710,000
2009 1,315,500

image
imageCoinZip.com

Comments

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Spell check = Cudos is with a K image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • OPAOPA Posts: 17,124 ✭✭✭✭✭
    I don't believe the Mint had anything to do with capitalizing on the demand for their bullion products. Bullion products are minted to the demand of the United States Mint Authorized Purchasers ( Wholesale PM Dealers ), and it's apparent the demand was there.

    BTW I follow the Stock Market, and you forgot to mention that the Market had a "banner" year in 2009.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • dmarksdmarks Posts: 450 ✭✭
    These numbers don't include the Gold Buffalos the mint introduced in 2006. Eagle sales would almost certainly be higher if these weren't introduced.

    2006 323,000
    2007 165,500
    2008 172,000
    2009 200,000
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    The mint is also a business. They like a positive balance sheet. Cheers, RickO
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    The Mint would have made more profit if the demand for silver bullion were not so much (28 million coins) that the SAE program had to be put on hold as all blanks went to the wholesalers in the form of bullion.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,369 ✭✭✭✭✭
    I don't think that's fair to give our prez the honor. Mr Moy would be a better representative on that label, numismatically speaking. And even if not, the ETF heads of SLV is who I'd have pictured, due to this information being a PM issue and not political.

    Submitted with all due respect, kind sir.
    It should be on the Precious Metal forum.

    same candle for all...
    There, I said it.



    Joe Pflug
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>I don't think that's fair to give our prez the honor. Mr Moy would be a better representative on that label, numismatically speaking. And even if not, the ETF heads of SLV is who I'd have pictured, due to this information being a PM issue and not political.

    Submitted with all due respect, kind sir.
    It should be on the Precious Metal forum.

    same candle for all...
    There, I said it.



    Joe Pflug >>



    Looks like you got your wish ... here it is on the PM Forumimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • pf70collectorpf70collector Posts: 6,671 ✭✭✭
    And to compensate some but not much it looks like they are cutting back on total mintage of future commemoratives from 500,000 total mintage to 350,000. The 2010 commems have only a 350,000 run.
    Montana State Quarter Die Clash

    Box of 20
  • NitroCruiserNitroCruiser Posts: 654


    << <i>And to compensate some but not much it looks like they are cutting back on total mintage of future commemoratives from 500,000 total mintage to 350,000. The 2010 commems have only a 350,000 run. >>



    I believe they know they are putting out crap designs, of the Braille design caliber, so it is probably a good move.
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