Hi Ho, Silver Away!
Hi ho, Silver Away! is the Lone Ranger’s call to his horse Silver for a quick lightning-fast take-off. The American Silver Eagle is just as capable of fast take-off as the Lone Ranger’s Silver. It has demonstrated this countless times and most emphatically during the 2000-2009 decade.
When the Silver Eagle was launched in 1986, some 5 million ounces were easily sold. Sales rose to about 9 million ounces in 1999, a 76.78% increase. Sales tt the start until the middle of the last decade were lethargic. Declines were experienced in 2001 and 2005; 2003 was just about even; and 2004 and 2007 registered slight increases; 2002 and 2006 reached seven digits. The lightning-fast take-off ala the Lone Ranger’s Silver occurred in 2008 that made off with 19,583,500 ounces and 2009 with 28,766,500 to bring the total American Silver Eagle sold since 1986 to 206,614,500 ounces, an increase of almost 600% since 1986..
YEAR SALES IN OUNCES SALES VS 1986 %
1886 5,096,000 -
2000 9,133,000 79.22
2001 8,827,500 73.22
2002 10,475,500 105.56
2003 9,153,500 79.62
2004 9,617,000 88.72
2005 8,405,000 64.93
2006 10,021,000 96.64
2007 9,887,000 94.01
2008 19,583,500 384.29
2009 28,766,500 564.49
TOTAL 206,614,500 -
The modern day American Silver Eagle is the official silver bullion coin of the United States. It was launched in 1986 upon authorization of the US Congress. The dollar is one troy ounce of 0.999% pure silver with a nominal value of $1. It is about 1.6 inches in diameter. The obverse side retains the “Walking Liberty” image designed by Adolph Weinman,. The reverse side features the “Heraldic Eagle” designed by John Mercanti.
The original American Silver Eagle was among the first coins minted by the US Mint. Launched in 1974, it remained in circulation until 1935.
The proof version can only at the US Mint. But the American Silver Eagle bullion can be purchased at authorized dealers. Check http://www.goldsilver.org for a real quick Silver take-off.
Shannon King
Tags: silver investments
