![]() It is estimated that India imported more than 8,000 tonnes of silver last year.Īccording to some analysts, Perth Mint sales have been a better gauge of global bullion demand as it saw a record for both gold and silver. investors weren't interested in silver last year, a record amount of the precious metal flowed into India. In October, analysts speaking at the London Bullion Market Association's annual precious metal conference warned investors that premiums on gold and silver bullion products will remain elevated as global demand continues to grow amid an unprecedented flow of the precious metal from West to East.Īlthough U.S. "Imagine what the sales numbers and premiums would look like if the U.S. "The lack of demand is not outstripping the lack of supply and that is why we are seeing these higher premiums," said Jonathan Da Silva, a trader at Kitco Metals. Mint was still unable to keep up with demand as premiums for silver coins soared to record levels, rising to more than 100% of the coin's value. Mint sold 15.96 million ounces of silver last year, down 43.5% from 2021 levels.Īlthough gold and silver saw lackluster investor interest, the U.S. Mint shows that it sold 980,000 ounces of gold last year, down nearly 22% from 2021, which saw sales hit a 12-year high. At the same time, it sold 59,000 one-ounce American Eagle Silver coins in December. Mint stopped 2022 production in November to focus on 2023 coins, and sold only 4,000 ounces in various denominations of its America Eagle gold coins last month. Mint was also plagued by production and supply issues through the year. ![]() Mint seeing disappointing gold and silver bullion demand for the year meanwhile, it was the best of times for the Perth Mint as it saw record sales for its silver and gold bullion products.Īnalysts have noted that the Federal Reserve's aggressive monetary policy, as it raised interest rates by 425 basis points last year, dampened interest for precious metal bullion in the United States. ( Kitco News) - 2022 was a tale of two mints, with the U.S. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.Įditor's Note: The article was updated to incldue revised numbers from the Perth Mint and updated comments from its general manager of minted products Neil Vance. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. While the face value of these silver coins does not correlate directly with the intrinsic value of the coins, many investors enjoy having government minted silver coins mixed into their portfolios in order to add diversity to their holdings.Welcome to Kitco News' 2023 Outlook Series. Not only are these bullion coins beautiful to look at, and easy to store they also hold a government designated face value. In the investment world, silver bullion coins are a very popular choice for several reasons. Of course, as all collectors know, newer doesn’t always mean better, and we certainly can’t forget the classics! Not only do we offer a wide selection of the newest silver coins on the market SilverTowne also has a special section for the always popular Morgan & Peace Dollars as well as several other historic silver coins worth collecting. Even though new designs are created every year, each design is produced in limited quantities making every purchase that much more exhilarating for die-hard collectors. For many collectors, the attraction to silver bullion coin collecting lies within the vast variety of coins available on the market. Many of these coins are passed down from generation to generation, serving not only as a bullion investment or collectible item but also as a sentimental family heirloom. Silver bullion coins have been a staple in both investment and coin collecting worlds for decades. ![]() ![]() Whether you are looking for a specific coin to add to your collection, or just want something a little different we know you will find the perfect silver coin at SilverTowne! Silver Coins for Collectors ![]() Mint, Royal Canadian Mint, Perth Mint, China Mint, British Royal Mint, and more. We are proud to provide a wide variety of coins from various mints all over the globe such as the U.S. Buying silver bullion coins from SilverTowne is a fast, convenient, and secure way to begin or add to your collection. ![]()
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