five calendar months of 2016 completed, the U.S. Mint has
recorded total sales of 23,413,000 American Eagle 1-ounce silver
an average of 4,682,600 coins per month. Sales began Jan. 11. The
Mint's weekly allocation for the business week starting May 31 is
the first five months of 2015, the Mint sold 16,946,000 silver American Eagles to its
authorized purchasers, a then monthly average of 3,389,200 coins. The
sales pace picked up for the remaining seven months in 2015 en route
to a record sales year of 47 million coins.
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May 2016 sales total of 4,682,500 coins is more than double the
2,023,500 coins recorded sold in May 2015.
U.S. Mint does not sell the American Eagle bullion coins directly to
the public. The Mint instead sells the bullion coins to a network of
approved authorized purchasers who buy the coins at the
closing London PM spot price of silver on a given day plus a premium
of $2 per coin. The coins are then resold to collectors, investors and
dealers at further small markups.