Sales of American Eagle silver bullion coins from the U.S. Mint continue to chug
along as coins available are still being rationed to authorized purchasers.
Allocation of sales of the 1-ounce, .999 fine silver bullion coins
has continued for several weeks as the Mint works to keep production
at the West Point Mint ahead of demand and build inventory.
For the week beginning Aug. 17, the number of coins available for
allocation was 1,187,500, according to Tom Jurkowsky, director of the
Mint's Office of Corporate Communications.
Sales figures posted on the Mint's website indicate
the authorized purchasers bought 1,102,800 of those coins on Aug. 17
and 18, leaving just 84,700 to be purchased before the next allocation
on Aug. 24.
Through Aug. 18, the Mint recorded total American Eagle
silver bullion coin sales at 30,597,500 coins.
The Mint does not sell American Eagle bullion coins to the general
public. The coins are sold through a network of authorized purchasers,
who offer a two-way market for the coins. These qualified firms
purchase the coins from the Mint for the closing spot price of silver
per troy ounce on the London market, plus a premium of $2 per coin.
The firms may then add a further markup and directly sell the coins
to other dealers and other purchasers.
Currently, all American Eagle silver bullion coins are being struck
at the West Point Mint. The bullion coins do not bear a Mint mark.
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