| Silver is currently being referred to as the new | | | | (2) Established in 1986, the American Eagle Silver |
| Gold. Why? Because when gold prices increase, | | | | Bullion Program is the most successful silver bullion |
| such as they have recently, investors seek a | | | | program in the world; |
| lesser expensive alternative. That's why silver is | | | | (3) From fiscal year 1995 through fiscal year |
| called poor-man's gold. | | | | 2001, the American Eagle Silver Bullion Program |
| Coin and bar sales have been so robust -- the U.S. | | | | generated revenues of $264,100,000 and |
| Mint now is rationing American Eagle coins -- that | | | | sufficient profits to significantly reduce the national |
| dealers say they can't meet small-investor | | | | debt; |
| demand. | | | | (4) with the depletion of silver reserves in the |
| Financial experts are of the opinion that the | | | | Defense Logistic Agency's Strategic and Critical |
| present economic problems the world is facing | | | | Materials Stockpile, it is necessary for the |
| are going to get worse. Those who study financial | | | | Department of the Treasury to acquire silver |
| trends are urging the public to convert their paper | | | | from other sources in order to preserve the |
| money into tangible assets. The feeling is that | | | | American Eagle Silver Bullion Program |
| sooner or later, physical assets trump paper. | | | | To summarize, The American Eagle Silver Bullion |
| Experts feel that Silver is once again poised to | | | | Coin plays an integral role in our nation's economy. |
| skyrocket just like it did in the 70's. Back then, an | | | | The government cannot stop making them, being |
| ounce of Silver was just north of $1.00. It kept | | | | that profits have dramatically reduced the national |
| rising and rising to over $47.00, for a percentage | | | | debt. |
| gain of over 3500%! At the time of this writing, | | | | In addition to the collection of the Silver American |
| an ounce of Silver goes for a little over $17, up | | | | Eagle Bullion Coins there is a noticeable increase in |
| over 30% this year. I have read that Analysts | | | | sales of Numismatic Collectible Coins. Harry |
| are expecting a rise to over $50.00 an ounce | | | | Newton, editor, Technology Investor Publication, |
| within the next 2 quarters. Wow! | | | | writes this: "Interesting times ! We are seeing a lot |
| Here is the fact. The World is running out of | | | | of movement into collectible and investment |
| Silver. It is used in World Currencies, jewelry, the | | | | currency and coins especially higher graded coins. |
| medical industry, clothing, photography, electronics, | | | | There's been a 35% increase so far this year in |
| solar energy, water purification, silverware, nuclear | | | | prices and about a 200 % in volume. In the high |
| power plants , etc. | | | | grade values , Proofs 65 and up and in Mint |
| How does Silver differs from Gold? To put it quite | | | | States MS 65 and up there is substantial demand |
| simply, Silver is a consumable, it gets used up. For | | | | with record prices being reached , we understand |
| the most part, there are no real or synthetic | | | | investors are more comfortable holding hard |
| materials that can be used in place of Silver. We | | | | assets like coins than actual cash Dollar or other |
| cannot live without it. | | | | currency balances and there is a persistent daily |
| Over 90% of the silver that is mined is used for | | | | move out of the latter into hard assets." |
| industrial purposes. | | | | Not all American Silver Eagles are slabbed and |
| According to the Law of Supply and Demand, | | | | graded Mint State (MS) coins. Only about 10% are |
| when the supply of an item or material decreases | | | | MS-70. Unlike bullion coins that are valued solely on |
| while the demand is increasing, the price of the | | | | the basis of their silver weight, the value of a |
| said material will increase substantially. | | | | numismatic silver coin is determined by several |
| Few Americans that are aware that in 2002 it | | | | factors: its rarity, the number of coins originally |
| became a law that the government must | | | | minted, history and the age and condition of the |
| purchase silver back from the public when the | | | | coin. |
| United States Silver Reserves dip below a certain | | | | Numismatic coins are bought and sold within the |
| level. | | | | coin collecting community with little regard for |
| If you read s.2594, or Support of American Eagle | | | | today's silver price. Numismatic coins are cherished |
| Silver Bullion Program Act section 2, you will see | | | | for their beauty, historical significance, and their |
| that Congress finds that | | | | potential investment value. Hence, numismatic |
| (1) The American Eagle Silver Bullion coin leads the | | | | coins sell at a significant premium over their |
| global market, and is the largest and most popular | | | | intrinsic silver content. |
| silver coin program in the United States; | | | | |