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Silver Eagle Sales Surge To All-Time Record In January

Tyler Durden's picture


A massive 7.4 million Silver Eagles were purchased from the U.S. Mint in January, considerably higher than the previous record from early 2011. After halting Silver coin production/sales for over a week, the Mint re-opened yesterday and demand once again surged. Having almost doubled from the first week in January, there remains two more days before the book is closed on January's sales. At 140,000 ounces, the Mint has also sold the most ounces of gold in January in almost three years, suggesting the rising 'currency wars' are stoking people's ongoing rotation from paper-to-physical assets as their 'wealth' slowing loses its value.


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Tue, 01/29/2013 - 21:41 | 3197271 Cognitive Dissonance
Cognitive Dissonance's picture

"At 140,000 ounces, the Mint has also sold the most ounces of gold in January in almost three years..."

"Hell.....I'll see your 140,000 ounces and raise you 10 gabazillion paper ounces." - Comex Crimex

Tue, 01/29/2013 - 21:45 | 3197287 GoldSilverDoc
GoldSilverDoc's picture

Call your paper.  And raise you 100 trillion Zimbabwean dollars, and 10 senators... uh... parasites.

Tue, 01/29/2013 - 21:58 | 3197335 Clint Liquor
Clint Liquor's picture

Silver Eagles, Sold Out. Canadian Silver Maples, sold out. 5.56 Nato, sold out. AR 15s, sold out.

Can you smell that smell?

Ooh, Ooh, that smell!

Tue, 01/29/2013 - 22:01 | 3197343 DoChenRollingBearing
DoChenRollingBearing's picture

Not even Tulving has Silver Eagles

Not even Cheaper Than Dirt has 7.62 x 39.

Tue, 01/29/2013 - 22:05 | 3197359 GetZeeGold
GetZeeGold's picture



Molly geez, this is serious. Those cats need a bailout.

Tue, 01/29/2013 - 22:08 | 3197377 sullymandias
sullymandias's picture


Tue, 01/29/2013 - 22:21 | 3197416 francis_sawyer
francis_sawyer's picture

Blow me Blythe... [with FEELING this time]...

Tue, 01/29/2013 - 22:33 | 3197460 Muppet Pimp
Muppet Pimp's picture

this place claims to have them (no opinion, do your own research)


Tue, 01/29/2013 - 23:09 | 3197567 SafelyGraze
SafelyGraze's picture

just got back from meeting with tptb

keep the planchets rolling .. 7m ozt in jan, 23m ozt in feb, 50m ozt in mar .. pretty soon all the wind will go out of the ag sails

If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin.

There will be no profit in holding them out of circulation for the value of their silver content.

The new coins are not going to have a scarcity value either. The mint is geared to get into production quickly and to do it on a massive scale.

We expect to produce not less than 3 1/2 billions of the new coins in the next year, and, if necessary, twice that amount in the following 12 months.

feels like 1965 


Wed, 01/30/2013 - 00:19 | 3197743 Pool Shark
Pool Shark's picture



Plenty of Silver Eagles available; and here are the cheapest prices:


Provident has Monster Boxes for only $2.60/oz. over spot.



Wed, 01/30/2013 - 00:25 | 3197762 Pool Shark
Pool Shark's picture



Oh, and while you're at it; check out the best prices for gold bullion here:



Easy, peazy...


Wed, 01/30/2013 - 01:03 | 3197829 RockyRacoon
RockyRacoon's picture

Premiums on silver running 10 to 15%.   Astounding.


Wed, 01/30/2013 - 01:15 | 3197855 Pool Shark
Pool Shark's picture



Silver Eagle premiums have remained pretty steady over the last couple years. The only reason the percentage is higher is because silver has dropped around $15.00 from it's high almost two years ago.


Wed, 01/30/2013 - 01:41 | 3197873 sitenine
sitenine's picture

You're right of course, Pool Shark. Gainesville has monster boxes for only $2.45 over spot, http://www.gainesvillecoins.com/products/162784/2013-1-oz-silver-america...

It's hard to argue with bugs on ZH though..

Sorry folks, but it's not time to panic yet.

[edit] if you are looking to by guns or ammo though, I would suggest that you start panicking two or three weeks ago.

Wed, 01/30/2013 - 03:32 | 3197989 JLee2027
JLee2027's picture

Small amounts will always be available. If Apple, Google and Samsung can't get enough tonnes of silver to make new smartphones, tablets, and iBabbles, then yes, the shortage is real.

Wed, 01/30/2013 - 07:47 | 3198120 GetZeeGold
GetZeeGold's picture



Try buying bulk ammo at wholesale......can't be done.


The progressives are the best sales staff the firearms industry has ever had......and they work for free.

Wed, 01/30/2013 - 09:20 | 3198248 trav777
trav777's picture

what's that smell???  Smells like...silverbugz getting blowtorched

Wed, 01/30/2013 - 14:55 | 3199547 akak
akak's picture

Funny, the only thing I smell here is a rabid, ragingly dishonest, idiotic racist with chronic silver envy.

Oh, and once again, you coward and bully (funny how those two attributes invariably are found together), how does a 70% net gain over three years or four years constitute "blowtorching", exactly?  Or are you going to continue making the same specious and disingenuous claim, so favored by all your anti-gold cousins as well, that EVERYONE who owns your particularly despised precious metal bought all that they own at the (very brief) peak price?

I love when you make a total ass of yourself here.  Which is usually.

Wed, 01/30/2013 - 11:02 | 3198724 whirling tword ...
whirling tword freedom's picture

In the scare of 2008 it took 6 weeks for reloading components to dry up.  It took about 3 days this time.  I can't find anything at all.... primers and bullets are like gold right now.  I can't find powder either but, there are usually several alternatives for powder... not so much for bullets an powder.   I don't really need anyting at the moment but, it sure it troublesome to see it happening.

Wed, 01/30/2013 - 02:57 | 3197968 sodbuster
sodbuster's picture

Maybe the price goes up, maybe the price goes down. Who gives a shit. Treasury will give me something of value, for some paper, that I know is losing value, EVERY DAY! Gold and silver had value 4000 years ago- the criminal Bernanke and his bankster buddies could destroy our country and currency in the next 400 days.

Tue, 01/29/2013 - 23:41 | 3197666 cynicalskeptic
cynicalskeptic's picture

Wouldn't let Blythe near MY....  I hear she bites (and grabs your stash after you run out to the ER).

Wed, 01/30/2013 - 01:51 | 3197742 Shell Game
Shell Game's picture

If by 'd' you mean this is more evidence of good money chasing out bad, I concur.

Tue, 01/29/2013 - 22:07 | 3197366 klockwerks
klockwerks's picture

Het Do Chen, try Cabelas.com.

Tue, 01/29/2013 - 22:36 | 3197471 chubbar
chubbar's picture

I just looked on Cabelas, the site didn't show any 7.62X39. All they listed were 30.06, .300 winchester, .270 Winchester and 7mm remington.

Tue, 01/29/2013 - 23:49 | 3197685 pods
pods's picture

Pick up the 7mm Mag, put in a Sendero II, look through some quality optics and reach out and touch someone!


Tue, 01/29/2013 - 23:56 | 3197699 bigkahuna
bigkahuna's picture

sportsmansguide.com is out and they are backordered until June for the bulk 223 - their disclaimer says that they may change the backorder date.



Wed, 01/30/2013 - 01:17 | 3197862 RockyRacoon
RockyRacoon's picture

These folks have what you are looking for:


Thu, 01/31/2013 - 10:54 | 3202312 bigkahuna
bigkahuna's picture

Indeed they do - Thanx Rocky:)

Wed, 01/30/2013 - 00:37 | 3197781 AgAu_man
AgAu_man's picture

7 mm has a beautiful, flat trajectory that makes a real 'impression'.
Good for hunting deer and elk.

Wed, 01/30/2013 - 11:11 | 3198669 whirling tword ...
whirling tword freedom's picture

Don't neglect the 300 win mag.  That caliber is also universal and will reach out just as far and make an even bigger impression putting more lead on target.

You can get out past 1500yds easily with either a 7mag or 300wm with the right projectiles and optics.  For the 7mm, you need the 168gr berger, for the 300wm you need the 208gr amax and it sure helps to hand load them.

You can probably tell... I don't play golf.... but, shooting is kind of like golf... just with a different ball and a different club.

I usually shoot the 1000yd range with my 300wm... there are a lot of guys that do it with the 7mm mag also and 338 Lapua.   The 300wm barrels last longer than the 7mm barrels do, however.  Either way, it's still hard to get 3000 rounds of barrel life from the 300wm.

And for the survivalists, many military snipers carry both the 300wm and the 338 Lapua.  When they shoot the 300wm, they have a round loaded with SMK 220gr rounds loaded HOT... so hot, I'd not reload the brass.... talk about reach out and touch somebody... It's called... MK248 MOD 1.  You can google it. 


Tue, 01/29/2013 - 22:59 | 3197532 Pseudo Anonym
Pseudo Anonym's picture


Not even Tulving has Silver Eagles

kitco has shitloads of everything.  even your stupid eagles.

Wed, 01/30/2013 - 00:45 | 3197752 akak
akak's picture


kitco has shitloads of everything.

Well, so they claim.

And I bet that their "Pooled Precious Metals Accounts" are 100% fully backed by completely segregated bullion, counted daily by Jon Nadler himself.

Let's be frank here: Kitco is clearly just a front for the anti-gold forces, as exemplified by the outrageously and incessantly incorrect, dishonest, specious, fearmongering, hysterical anti-gold daily diatribes of their official pro-establishment, pro-status-quo, pro-bankster spokesman, Jon Nadler, whose sole role in that company seems to be badmouthing gold, warning of gold's "imminent" and permanent price decline, and savagely (and revealingly) attacking the advocates of holding gold during these times of financial and monetary uncertainty as "radical goldbug extremists". 

I doubt that Kitco does ANY meaningful level of physical precious metals transactions, as in all my years of reading and discussing precious metals online and face-to-face, I have yet to encounter more than a tiny handful of individuals who have EVER claimed to have engaged in a physical PM transaction with Kitco, unlike the situation with ANY of the other recognized PM dealers.  And their ridiculously high premiums seem almost designed to discourage and dissuade potential customers, as do their grossly high shipping and insurance charges, all of which are FAR higher than those of any similar PM dealer.

To call that company "suspicious" is, in my eyes, a gross understatement.

Wed, 01/30/2013 - 00:46 | 3197799 AgAu_man
AgAu_man's picture

A good industry friend of mine just got canned/fired for spending too much time (lunch, after hrs) on 'inappropriate' websites. Not porn, but [drum roll, pls]: ZH. Yeah!

Anyway, he tells me that he plans to put that Nadler shill to the test in the next few weeks, when he is going to swap his Kitco Pool Account holdings into hard bullion. Stay tuned, me hardees.

Wed, 01/30/2013 - 00:59 | 3197818 akak
akak's picture

I strongly suspect that your friend is going to be "advised" to remain in his pooled accounts, and not to "rashly" move his savings into "unsecured", "risky" and "theft-prone" physical precious metals.  Mark my words!

Wed, 01/30/2013 - 02:55 | 3197958 Curiously_Crazy
Curiously_Crazy's picture

Best thing about not being a consumer and having to keep up with the Jones' is that everything one owns looks like absolute shit to any thief.

I've been broken into once before. The lounge room was trashed (mainly draws ripped open and contents thrown over the joint) first bedroom was trashed (which has a 20 year old tv in it which wasn't touched) and that's it.

My theorectical take on the matter is that there were two of em. They both met in the hallway:

"found anything yet?" 

"nah... you?" 

"nah nothing"

"fuck this shithole lets get outta here onto greener pastures"


Easy to hide precious in a house of crap.


Of course my housemate could have just been coming home and scared em off when they heard the car but I prefer my thoughts of events.

Wed, 01/30/2013 - 07:11 | 3198099 Miss Expectations
Miss Expectations's picture

New Jersey?  It's drawers not draws.  :)

Wed, 01/30/2013 - 07:08 | 3198098 capitallosses
capitallosses's picture

I have made two healthy size silver purchases from Kitco this month and deliveries took only a couple days, one today. I've been playing with my physical all day. And no, I don't like the shill Nadler.

Tue, 01/29/2013 - 23:02 | 3197542 El Oregonian
El Oregonian's picture

The Eagle has LANDED!!!

Tue, 01/29/2013 - 23:15 | 3197593 seek
seek's picture

You know, conventional survivalist wisdom has always been to have guns with super common calibers, but I can see a compelling reason to own one or two wierd ones.

Quick survey of my favorite ammo haunts is telling me 7mm Remington Magnum is the place to be, that shit is everywhere! Of course, it might be because it costs $2 a round, too.

Tue, 01/29/2013 - 23:36 | 3197655 DoChenRollingBearing
DoChenRollingBearing's picture

That's an interesting take, seek, + 1.  Diversification in lead delivery devices uses the same logic as diversification in PMs.  But, each gun costs money...  


Regarding guns & money, I was shooting my AK at a range less than a week ago.  One of the guys (as I was paying after) wanted to look at my AK (Saiga).  I told him I had bought it at that very store about two years ago for $900 and something.  He then looked it up on his computer to see what the retail price would be now...:


He told me I could easily get, say $2400 selling it used (less than 1000 rounds shot, cleaned twice).

Wed, 01/30/2013 - 00:14 | 3197739 seek
seek's picture

Wow, that's just crazy. It makes me sad, realizing how much I lost in that tragic boating accident.

I just checked -- very few 7mm Rem Mag rifles around, and they're all bolt action. Looks like $500-$700 new.

My solution to this nonsense is to switch to the 22LR upper and dip into the inventory for ammo until things settle down.

Wed, 01/30/2013 - 07:19 | 3198106 Poor Grogman
Poor Grogman's picture

The 7 mm Rem Mag hits hard and flies flat, great on medium to large game at most distances with a good variety of projectiles and loads available.

Very loud though, don't forget ear plugs..

You certainly would not be disappointed if you decide to get one.

Wed, 01/30/2013 - 07:50 | 3198127 zilverreiger
zilverreiger's picture

Tulving.com: 500 2013 ASE, Spot + $2.59 + Free UPS Shipping

Tue, 01/29/2013 - 22:23 | 3197425 Whiner
Whiner's picture

And the price hasn't budged. DOUBLE DOWN!

Tue, 01/29/2013 - 22:51 | 3197513 jackinrichmond
jackinrichmond's picture

you forgot fema camps, hollow point bullets and domestic drones

Tue, 01/29/2013 - 23:56 | 3197698 e_goldstein
e_goldstein's picture

bulkammo.com has 5.56 for around 1 bennybuck a round.


Wed, 01/30/2013 - 01:43 | 3197904 AllThatGlitters
AllThatGlitters's picture

You can get Eagles cheap without having to shell out for a Monster Box.


One of the dealers listed has cheap low volume prices and there is a discount code that reduces the price another $1.00.  Inventory is in stock. No minimums.  


Wed, 01/30/2013 - 09:31 | 3198276 midtowng
midtowng's picture

None of this comes anywhere close to gold and silver demand from China.

Tue, 01/29/2013 - 21:41 | 3197274 Rustysilver
Rustysilver's picture

So, the Eagles are soaring. Good for them.

Tue, 01/29/2013 - 21:58 | 3197333 BC6
BC6's picture

Freedom girls are gorgeous.


It's cool to see new designs.

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