The investing and collecting public is consuming the output of
American Eagle 1-ounce .999 fine silver bullion coins as fast as the
U.S. Mint can strike and release them.
However, the U.S.
Mint has not announced any intention to extend output of American Eagle silver bullion coins to more than one production facility.
Currently, the coin are struck only at the West Point Mint in New York.
The U.S. Mint's network of authorized purchasers continue to place
large orders for the coin despite a decrease in the weekly allocation
of available coins. The weekly allocation for the week beginning Aug.
24 dipped to 812,500 coins, after several weeks of weekly allocations
of 1 million or more coins. Authorized purchasers placed orders Aug.
24 for 601,000 of the coins, bringing the total ordered in August to 3,968,500.
Since the 2015 American Eagle silver bullion coins went on sale in
the first week of January, the U.S. Mint reports it has sold a
combined total of 31,283,500 of them.
The American Eagle silver bullion coins are not sold directly to the
general public, but rather to a network of authorized purchasers, who
provide a two-way market for the coins.
The authorized purchasers buy the coins from the U.S. Mint based on
the closing Londom PM spot price of the metal per troy ounce on a
given day plus a $2 premium per coin. The coins are then distributed
for a small premium to other dealers, collectors and investors.
More from CoinWorld.com:
the modern coin grading third-party-graded market is
to return millions of dollars in Liberty Dollar seized by
authorities in 2007
of the £1.3 million Anglo-Saxon coin hoard discovered in 2014
going on display: Coin World Buzz
Uncirculated 2015-W Native American dollar in 2015 American $1
Coin and Currency set
collectors keep coins in original packaging?
Keep up with all of CoinWorld.com's news and insights by
up for our free eNewsletters
liking us on Facebook
us on Twitter
. We're also on