November 04, 2013
Original Source: The Christian Science Monitor
By: Sumit Roy

Silver Coin Sales See Another Strong Month In Oct., Poised For Record Demand In 2013  

Silver eagle coin sales increase in October.

Silver Eagle Coin Sales (million ounces)

Sales of silver eagle coins totaled 3.087 million ounces in October, according to the latest data from the U.S. Mint. That's up from September's 3.013 million sales total and puts total sales for the year at 39.2 million.

Thus far, the record annual sales total for any year is 39.9 million from 2011. That figure is on track to be handily surpassed this year, suggesting that retail investors remain bullish on silver despite the 28 percent decline in prices year-to-date.

Meanwhile, the U.S. Mint also said that sales of gold eagle coins totaled 48,500 ounces in October, while total sales for the year are now 755,500 ounces. Sales have already surpassed 2012's total sales figure of 753,000. However, they are well below the recent high of more than 1.4 million ounces sold in 2009.

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