“NEW YORK (Reuters) – American Eagle silver coin sales in January surged to an all-time monthly high as the U.S. Mint resumed sales after huge demand triggered a brief suspension, and gold coins also posted their best performance since July 2010.
As of January 29, silver Eagle sales for the month were 7.1 million ounces, data from the U.S. Mint’s website showed, surpassing its previous record of 6.1 million ounces set in January 2012. (Graphic: http://link.reuters.com/myb35t)
“Not only do we have clients calling in, they are buying in huge quantities,” said David Beahm, vice president of Blanchard & Co, a New Orleans-based retail coin dealer.
“They are buying the entire 500-ounce boxes that are sealed by the U.S. Mint, that’s what people want right now,” said Beahm, referring to the standard sealed silver Eagle “monster” box containing 500 one-ounce coins the Mint sells only to its handful of authorized wholesalers….”
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