Sales figures for the bullion coins during the past seven days are among the strongest this year for a week-long period. As the values for gold and silver continue increasing during the shaky economic times, strong sales likely will continue, given the normally inverse relationship between the value of the dollar and the price of gold coins.
More than one million one-ounce Gold Eagle bullion coins have sold, an occurrence that has happened five other times since this series of coins was introduced to the market in 1986.
Silver Eagle bullion coins blew by 1.3 million sales in the past week. Notably, Wednesday saw 675,000 silver coins sell, which likely was influenced by silver prices slipping $2. That coin, which is .999 percent fine silver, has set the all-time annual sales record, surpassing 30.2 million.
With the holiday season just ahead, the strong showing for coin sales likely will continue.
Source: http://www.ibtimes.com/articles/81140/20101111/gold-silver-coins-selling-strong.htm
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