U.S. Silver-Coin Buyers See Bargains While Investors Dump Metals
- Coin sales up 13 percent from last year, Mint data show
- Futures dropped to the lowest since 2009 on Wednesday in N.Y.
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Buyers of silver coins in the U.S. are seeing bargains at a time when investors are dumping precious metals.
Prices tumbled on Wednesday to a six-year low. Investors have been selling silver amid a rout across commodities and ignoring the precious metal’s haven appeal. While options contracts show that traders are bracing for more declines, the rout is only increasing the allure of silver coins for retail buyers. Sales at the U.S. Mint, the world’s largest, are on pace to a reach a record this year, according to an e-mailed statement.