U.S. Mint Sells Out Run of Boys Scout Silver Dollars

The U.S. Mint announced last week that it has sold out of its production run of commemorative 2010 Boy Scouts of America Proof Silver Dollars. The limited access to precious metals in the current economy meant that a limited supply of these coins could be produced, and the U.S. Mint only produced 350,000 coins.

The coin was launched on March 23 to celebrate the centennial of the Boy Scouts of America and quickly became one of the hottest collectible coins on the market. More than 200,000 sales of the coin were recorded within the first week, making it one of the fastest-selling U.S. Mint coins in recent memory and outpacing the sales for popular coins like American Silver Eagles.

The U.S. Mint has established a “waiting list” for people who are still interested in purchasing a Boy Scouts of America Proof Silver Dollar. While the U.S. Mint cannot produce more coins, the waiting list will provide a chance for people to purchase coins as supplies become available because of returns or account cancellations.

Gold Bullion Coins and Silver Dollars – 4 Reasons You Should be Investing in Them

As the dollar gets weaker, more and more people are turning to gold bullion coins and silver dollars as an investment. In fact, experts say that coins are the safest investment you can make.

There are four reasons why you should spend some time with a coin dealer.:

1. Gold bullion coins and silver dollars never depreciate. No matter what is happening with the economy or the value of the dollar, coins will always have value. In fact, the price of gold and silver has been on the rise for years, and they are expected to keep rising. If everything else crashes, you will still be able to depend on your gold bullion coins and silver dollars. Think of them as an insurance policy of sorts.
2. Coins are easier to sell. Coin collectors don’t want gold or silver bars for their collections; they want fancy gold bullion coins and silver dollars.
   Plus, gold and silver coins are both backed by the U.S. government, so they sell at a higher premium rate. One of the most sought-after coins is the American Eagle gold bullion coin, which the Mint only distributes to coin dealers. Silver dollars are another popular coin that is backed by the government and popular with collectors.
3. In the event of an emergency, gold bullion coins and silver dollars can be used as money. After all, gold and silver coins are used as money in many countries. In fact, in many languages, the words for ‘silver’ and ‘money’ are the same. When you have gold bullion coins and silver dollars, you do not have to liquidate them; instead, you can spend them whenever you want.
4. sCoins are easier to sell than bars. Think about it – if you need to sell part of your gold or silver collection, it would be easier to do if you had coins. After all, you cannot cut a gold or silver bar in half. But with gold bullion coins and silver dollars, you can get rid of a portion of your investment if you have to.

When it comes to buying gold bullion coins or silver dollars, your best bet is to find a reputable coin dealer who is knowledgeable about the coin market. After all, you would find an expert realtor to sell your house, right? The same logic should be held for coins.

A good coin dealer should also have plenty of assets, so that you know they will still be in business in the future. In case you ever have a problem with your coins, you’ll want to know that your coin dealer is still available to help you.