Gold & Silver so far in 2016 – Prices have moved solidly higher in the first five weeks of trading this year!!
Here’ s your Silver Market Update for the first week of November 2015. Can you believe it’s November already?? It was truly a remarkable Summer-Fall for the Silver Market. As I posted previously here, the market experienced an unprecedented Physical Silver Shortage.
The Physical Silver Shortage, such as 1oz .999 Silver Rounds (pictured) continues into September. Delivery dates are being delayed and there have been some premiums increases. The situation is somewhat fluid, with supply being rationed out. If interested in purchasing physical silver, we encouraged you to directly contact San Diego Coin (858)569-5222 or La Jolla Coin (858) 459-2228 for up to the minute pricing and availability.
Physical Silver in Short Supply. Here’s why. On July 8th of this month (July) Silver hit $15.00 per troy ounce, down from $15.65 at the beginning of the month. We saw a bounce back up from that support level in the days following. Yet on July 16th Silver prices dipped below the psychological support level of $15.00/oz and things got funky in the world of physical silver!
Beginning in 1986, the United States once again started minting silver dollars. These silver dollars came to be known as American Silver Eagles Coins.
In 1921 the United States Mint began minting what became to be known as the Peace Silver Dollars. Both the the Morgan design and Peace Silver Dollar design were minted in the year 1921.
Many folks are unaware that prior to 1965, our Dimes, Quarters, and Half Dollars were U.S. 90% Silver Coins. And the fact that these coins have 90% Silver (10% Copper) composition, makes them have a value much higher than their face value!!
La Jolla & San Diego Coin News! As in our prior post, we want to thank you all for your continued business over the years!! We value your support and hope that we have been of good service to you! La Jolla Coin Shop and San Diego Coin & Bullion are excited about 2015 and look forward to seeing you soon!
Happy Holidays and Thank You to all of our wonderful clients and your families from La Jolla Coin Shop and San Diego Coin & Bullion!! We hope your holidays are joy filled and wish you all the very best in the coming year!! We also would like to take this opportunity to thank you for your patronage and support this past year!