Comments on: American Silver Eagle 2016 Annual Sales End at 37.7M

By: Jp

Jp — Thu, 08 Dec 2016 01:15:13 +0000

I agree, too many on the market means lower prices. No real demand in my opinion.

By: Danny Morano

Danny Morano — Wed, 07 Dec 2016 17:39:01 +0000

It’s because everyone wanted the Proof and Burnished with the lettered edges. I think last years min tag was overkill. Bullion 2015 Silver Eagles will be marketed at lower than average prices for years to come.
DrWho7

By: Seth Riesling

Seth Riesling — Wed, 07 Dec 2016 17:20:56 +0000

For those outside the USA who may not buy these bullion version ASE coins, this article doesn’t state it, but these are $1 legal tender USA silver dollars containing 1 troy ounce of .9993 fine silver. There are only 13 worldwide US Mint bullion coin Authorized Purchasers who are allowed to purchase these bullion version $1 coins directly from the US Mint (9 in the USA, 1 in Japan, 2 in Germany & 1 in Luxembourg). Even though silver dropped from over $20 per ounce to below $17 per ounce this year, the demand was simply not there to reach anywhere near record sales.

-NumisDudeTX