No wonder the NY cartel is in full panic mode as an extraordinary 1.7 million silver eagles coins were purchased on the first day of sales yesterday.

It's a shame - VHF

-

U.S. Mint reports strong silver bullion sales on 1st business day of 2011

As the U.S. Mint rolled out its first day of sales for the latest versions of its gold and silver bullion coins, American Eagle silver bullion coins sold like hotcakes.

Dorothy Kosich - Mineweb

January 4, 2011

RENO, NV -

The U.S. Mint, which began accepting orders from authorized dealers for the 2011 Gold Eagle bullion coin, as well as the 2011 Silver Eagle bullion coin, reported nearly 1.7 million silver bullion coins sold on the first business day of the new year.

Meanwhile, the Mint reported total one-ounce American Eagle gold bullion sales of 1,143,000 coins last year, down 14% from 1,315,500 bullion coins sold in 2009. For the first day of gold bullion sales on Jan. 3, 2011, the Mint reported 8,500 one-ounce coins sold.

Meanwhile, a total of 34,662,500 one-ounce American Eagle silver bullion coins were sold in 2010, up from 28,766,500 one-ounce silver bullion coins sold in 2009.

The Mint reported an astonishing 1,696,000 silver bullion coins sold on the first day of American Eagle sales on Jan. 3, 2011.

While silver bullion coin sales hit a record 4.26 million ounces in November 2010, the number declined substantially in December 2010 to 1,772,000 ounces sold.

Gold bullion one-ounce sales also plunged to 58,500 coins sold in December 2010, the lowest total sales for any month of 2010. Gold sales peaked in May 2010 when 190,000 one-ounce bullion coins were sold.

The Mint also reported strong sales of 825,500 newly issued America the Beautiful 5-oz silver bullion coins as of Dec. 26, 2010. The agency halted the release of the new five-ounce silver bullion coins on December 6, 2010, as a result of consumer complaints about price gouging by dealers, but resumed sales on Dec. 10, 2010.