Eric Sepanek
SBC Founder
Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.
Seasonality or increase in overall demand? 2013 American Eagle Silver coins expected to sell fast.
Sales on silver coins are up so far in the month of January. The volume this month alone has already reached 5.13 million ounces and is expected to grow according to Kitco News.
The U.S. Mint temporarily suspended sales for the 2013 American Eagle Silver coins until later this month because they had sold out says Kitco News. However, as of right now, Kitco views the notable sales from November as “the fear trade” at play because of the election and thinks the increase in sales of the American Eagles coins as more a functions of seasonality but, they do stress the importance of keeping an eye on U.S. coins sales in the coming months to see if the high volume continues.
With the reports of elevated American Eagle Coin sales, the demand we are seeing at Scottsdale Bullion and Coin and then to mix the uncertainty of what may happen with the debt ceiling debates, we are expecting continued demand for these coins.
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