US Mint’s American The Beautiful Five Ounce Silver Coins.
Mintages Remain Low on the U.S. Mint’s “Other Silver” Coin.
Interconnectedness of Silver and India’s War on Cash.
Last week Rory Hall of the Daily Coin and I discussed the U.S. Mint’s silver sales for 2016, including sales of America The Beautiful and American Silver Eagle coins. We also discussed the ongoing cashless crisis in India, resulting from Prime Minister’s shock move to demonetize 86% of India’s circulating cash.
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Check out all the 2016 America the Beautiful Coins
Sales of American Silver Eagle coins are down in 2016 to about 37 million from a record 47 million in 2015.
Sales of America the Beautifulcoins in 2016 in contrast are the second best in the coins seven year history.
India’s War on Cash
Gold demand surges because of the demonetization of rupees, causing premiums to rise on gold. Rupees must be exchanged or deposited in a bank by the end of the year to retain their value. After sixty days they become worthless.
Bloomberg on India’s cashless ploy.
Bill Gates on India’s cashless move.
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
Further Reading:
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