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Meader, speaking with Kitco News in conjunction with the release of the Silver Survey 2013 compiled for the Silver Institute, said that U.S. Mint silver bullion coin sales so far this year are well ahead of their pace from 2012.
FORBES: INTERVIEW: Thomson Reuters GFMS: Silver Could Reclaim $30/Oz In 2013
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The supply of each denomination depended on how much silver people took to the mint.
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As of the end of business Monday, the U.S. Mint Web site showed silver coin sales of 17.291 million ounces so far this year.
FORBES: INTERVIEW: Thomson Reuters GFMS: Silver Could Reclaim $30/Oz In 2013
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Physical coin demand remains strong, with the U.S. Mint noting record sales for silver coins.
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The Mint has also increased production of silver coins, up 56% in the quarter.
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People are catching on and the US Mint selling all its gold and silver coin is evidence.
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The U.S. Mint sold 6, 422, 000 Silver Eagles in January 2011, half as many as were sold in the record-setting month of November 2010.
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However, the price of gold and silver changed relatively quickly so that it became pointless to mint gold coins.
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The Mint also announced Thursday that with sufficient gold and silver on hand to meet anticipated coin demand, it will not allocate sales to dealers in early 2012, as has been the case for several years, due to unprecedented demand and a lack of bullion supply.
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The U.S. Mint reported that it sold 6, 107, 000 ounces of silver coins last month.
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The Royal Mint is set to produce 60 gold coins and 14, 000 silver coins for the 2012 Games.
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