US Mint Silver Eagle Allocation Drops to 750K

by Mike Unser on September 21, 2015 · 2 comments

2015-dated American Eagle silver bullion coins

For this week, the U.S. Mint is limiting total sales of American Silver Eagles to 750,000 coins

For a second week in a row, the United States Mint reduced its weekly allocation of American Eagle silver bullion coins. The agency has limited sales of the one-ounce, 99.9% pure silver coins since their return after temporarily selling out in July.

This week’s allocation fell to 750,000 coins, marking a 7.4% reduction. Last week’s allocation dropped 19.1% to 809,500 coins from the prior week’s supply of 1 million coins. The opening week of September also saw a rationing level of 1 million coins.

These weekly inventories have disappeared quickly. Last week and the week before that, the Mint’s authorized purchasers ordered all available Silver Eagles within two days.

American Silver Eagle sales at 34,304,500 for the year continue to run at a record pace, up 14.8% through the same time last year. In 2014 when Silver Eagle sales ended at a record 44,006,000, the coins through Sept. 21, 2014 posted sales of 29,871,000. The Mint also allocated sales last year but not during the summer months.

The U.S. Mint does not sell bullion American Silver Eagles directly to the public but through a network of authorized purchasers who buy them in bulk at melt value, plus a premium of $2 per coin. AP’s consist of major coin and precious metals dealers, brokerage companies, and other participating financial intermediaries.

{ 2 comments… read them below or add one }

Brian Collier September 22, 2015 at 12:53 pm

Why should we have to pay more for the silver eagles than the sellers. We have the right to buy them for what the mint sells them to the limited sellers do.

Silver Savior September 24, 2015 at 3:16 pm

Yep the supply of all silver coins is tight

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