Numis Network and the AMERICAN EAGLE SILVER
Silver Inventories Incredibly Low
Today US silver production runs at roughly 40 million ounces a year. Over the past few years, silver production in the United States is down nearly 30%. Nevada, formerly the largest mining state for silver has seen its silver production decline by more than 50% over the past five years. Many silver ore bodies in the United States are running dry.
Silver Eagles are Maxing Out! Get Yours Now.
In 2007, just over 9 million Silver Eagle coins were struck and sold to the public. In 2008, the figure more than doubled to 20.5 million coins sold. Last year the US Mint witnessed another large increase in demand as investors scooped 30.4 million Silver Eagles. Thus far in 2010 alone, almost 12 million Silver Eagles have been sold to the public!
Silver Eagle coins by law, are to be comprised of newly mined silver obtained from domestic sources, meaning the coins are to consist of silver newly mined (within a 12 month time frame) in the United States only. Taking this into account, we would like to again call your attention to the ever-increasing demand for Silver Eagles, below is a chart of the latest updates for 2010 Silver Eagle sales thus far:
If we extrapolate the data above, investor demand is on pace for more than 35,000,000 Silver Eagles to be struck and sold this year alone. Again, here in the USA we mine roughly 40 million ounces of silver annually, this means we are on pace to use almost 90% of this years domestic silver production for Silver Eagle demand alone!
What will happen when Silver Eagle demand outstrips supply? Will the minting laws be changed? Will they merely raise the premiums? The public is hardly aware yet Silver Eagle sales are reaching their legal supply threshold.
It is our firm belief that we are in the midst of the great Gold and Silver rush of the 21st Century and in the coming wild years ahead, shortages of physical silver and gold will become the norm, not the exception. Those who hold physical bullion should greatly benefit.
So Why is Silver the New Gold?
There is less silver in the world for investors today than gold. In the western world we take silver for granted, we are befuddled to believe that silver is common and easy to obtain. In many regions of the globe, finding investment grade silver can be next to impossible. Many of our Asian-Pacific customers have expressed to us that they have no trouble buying gold bullion in their countries, but finding investment grade silver is next to impossible.
Silver cannot be substituted; it has too many unique properties. Nothing conducts electricity or heat as well as silver. No metal is a better reflector of light. Silver is integral in the photographic process and has important health benefits. The white metal is an absolute necessity in high tech as every server, cell phone, monitor, computer, and electric switch. It’s in your TV, washing machine, refrigerator, batteries, DVD’s, iPod, wall switches, and mirrors. Without silver our modern way of life is impossible!
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AMERICAN EAGLE SILVER COIN SPECIFICATIONS
– Content: 0.999 Troy Ounce silver
– Weight: 1.000 Troy Ounce (31.103 grams)
– Diameter: 1.598 inches (40.60 mm)
– Thickness: 0.117 inches (2.98 mm)
– Edge: Reeded
Minted @ West Point
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AMERICAN EAGLE SILVER COIN HISTORY
In 1986, the U.S. Mint started minting the American Eagle silver coin. The American Eagle coin set, available in platinum, gold, or silver, was established as a way for the U.S. citizen to invest in precious metals, and thus, add an important component to a diversified portfolio.
AMERICAN EAGLE SILVER COIN DESIGN
The obverse (heads) Silver Eagle is based on A.A. Weinman’s “Walking Liberty” introduced in 1917 on the silver half-dollar. 
The reverse (tails) has an eagle and shield, symbolizing American strength and pride. Designed by United States Mint sculptor John Mercanti, it is comprised of a striking heraldic eagle with shield, and olive branch in the right talon and arrows in the left.