40 Silver Coins

Germany Rethinks Coin Composition

Coin collectors, coin dealers, and the general public still hoarding silver and gold composition coins are not the only ones watching the precious metals markets. Governments are watching as well, with mints and the agencies responsible for those mints keeping a close eye on how it may impact non-circulating legal tender precious metal coins planned for release in the near future.

The ministry gave budgetary restrictions as the reason for the decision. The ministry furthermore noted there was concern silver composition commemorative coins could become an object of market speculation. Germany had planned to issue six issues of 10-euro commemorative coins this year, each with a mintage of about 1.8 million coins. One of these coin issues has already been produced, however the state coin sales agency VfS, at the time this article was being written, was not accepting orders for these coins. A 10-euro coin has a value of approximately $14.45 US, not considering the coin’s intrinsic value. With the rapidly accelerating price of silver on world markets GFMS Ltd. recently added a Physical Bar Investment table to its annual “World Silver Survey” report. This statistic was initially planned to include India ingot or bar investments, but this was broadened to include a global figure that includes statistics from China, Germany, and from the United States due to the activity in silver investments in those countries. In April GFMS reported, “World Investment rose by 40 percent, including a dramatic surge in [silver] coins and bars, along with the strong inflows into silver ETFs and accounted for 26 percent of total silver demand, with a strong emphasis on the final four months of the year.” Elsewhere in the report GFMS added, “A particular feature of interest in the physical market was the demand for silver bullion bars in Europe, reflecting local fears over sovereign debt and driven particularly by investors in Germany (this was also aided by high gold’s prices, which put the yellow metal beyond the reach of some would-be purchasers); bar demand grew rapidly, although (partly due to Value Added Tax considerations), it was outpaced by interest in coins.” GFMS also reported, “The driving force here has been Europe and the United States, reflecting the economic and financial concerns outlined above, with Germany commanding a high market share within the European sector (memories of hyperinflation live long).

1976 s ike dollar silver or no silver? - Coin Community Forum

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