Another Look at American Silver Eagle Bullion
Monday, April 12th, 2010Maybe it’s worthwhile to take another look at the American Silver Eagle bullion as an instrument for investment. The American Silver Eagle bullion has never ceased to amaze us since its launch in 1986. It is one investment medium that has remained true to investors’ trust.
This quarter of 2010, the American Silver Eagle bullion again flexed its muscles, soaring to 7,157,000 ounces in sales. This figure is higher by 26 percent over the same first quarter of 2009. Sales in January reached 2,773,500 ounces, dipped to 2,050,000 ounces in February but soared again to 3,057,000 ounces in March.
The January numbers easily surpassed the 1,900,000 ounces sold in January 2009. Despite drop in February sales the American Silver Eagle managed to make February the second best February ever behind February 2009. These records were achieved despite the fact that only the American Silver Eagle Dollar was the only variant available for sale during the first quarter.
The sales numbers are apparently good signs of a promising 2010. If expectations are realized, this will mean that 2010 is a run-up of a terrific surge that began in 2008 through 2009.
Yearly sales of 200 until 2009 are the following:
Year Ounces Value
2000 9,133,000 45,100,650
2001 8,827,500 38,571,165
2002 10,827,500 48,267,945
2003 9,153,500 45,495,680
2004 9,617,000 64,016,840
2005 8,405,000 63,296,100
2006 10,021,000 116,425,840
2007 9,887,000 133,803,310
2008 19,583,500 286,451,715
Sub-Total 177,848,000 1.271,574,045
2009 28,766,500 -
Total 206,614,500 -
Please note the increase in value in relation to ounces sold starting the year 2004.
Steve Kickner





