U.S. Mint Year-To-Date Silver-Coin Sales Hit Record At 40.2 Million Ounces

Summary: Despite a rough year for silver, sales for the popular American Silver Eagle have surpassed their 2011 record. In October alone, the U.S. Mint reports selling 3.087 million ounces of silver. Data from the Mint shows demand is picking up from its lackluster performance in August and September. Year-to-date, U.S. Mint records show that sales of the Silver Eagle reached a record of 40.175 million ounces. Robust physical demand for coins like the Silver Eagle have supported silver prices as hedge fund managers and others have sold their ETF holdings. Read more…