When the U.S. Mint informed its authorized purchasers
Sept. 8 that the weekly allocation of American Eagle silver bullion coins was 1
million pieces, orders were immediately placed for 909,500 of the
That left authorized purchasers a paltry 90,500 coins available
until the next weekly allocation announcement Sept. 14. Those 90,500
coins were sold Sept. 10, bringing September’s cumulative sales to
Cumulative calendar year 2015 American Eagle silver bullion coin
sales reached 33,495,000 coins.
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The U.S. Mint does not sell the American Eagle silver bullion coins
directly to the public. Instead, the bullion coins are sold through a
network of 13 authorized purchasers in the United States, Europe and
Japan, who buy the coins based on the closing London PM spot price per
troy ounce on a given day, plus a $2 premium per coin.
The coins are then resold, at a further markup, to other customers.
The U.S. Mint has been allocating American Eagle silver bullion
coins for more than six months to it authorized purchasers as the
bureau continues to struggle to secure sufficient planchets for
production to meet investment demand.
The American Eagle silver bullion coins are struck at the West Point
Mint in New York, but do not bear the facility’s W Mint mark.
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