American Silver Eagle Sales at Near-Record High
Wednesday, June 30th, 2010Recent sales for U.S. Mint coins have been mixed, according to Silver Coins Today. However, there have been some products that have seen significant movement in recent weeks, and one of them is in American Silver Eagles. These dollar coins have been hot commodities in recent weeks as collectibles dealers have been adding them to their inventory.
The American Silver Eagle is the official silver bullion coin of the United States. First released in November 1986, the silver eagle’s obverse is based on the “Walking Liberty” design first developed by Adolph A. Weinman for American coins in 1916. The reverse is a heraldic American eagle grasping an olive branch and arrows in its talons.
The silver eagle has become a coin dealer favorite in recent years because of the scarcity of the materials used in its development. The demand for precious metals caused production to be suspended for most of 2009 and only brought back on an allocation basis. It appears that American Eagle coin sales will reach three million in June – not quite eclipsing the record of 3.6 million set in May.