American Eagle silver bullion coin sales reach 1,323,500 coins in single day, July 27

Second day total of purchases by authorized distributors tops 1.22 million coins
By , Coin World
Published : 07/28/15
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When the United States Mint resumed sales July 27 of 2015 American Eagle silver bullion coins to its authorized purchasers after a three-week interruption, it sold 1,323,500 of the coins in a single day.

The authorized purchasers followed up those totals with 1,221,500 more coins purchased on July 28.

The two-day sales total of 2,545,000 coins brings the July monthly total to 5,254,000, 8.6 percent higher than all of June.

Tom Jurkowsky, director of the Mint's Office of Corporate Communications, told Coin World July 28 that the two-day total left the Mint with just 455,000 more coins in stock to offer to authorized purchasers, on an allocation basis, through the end of July  — July 29, 30 and 31 . 

The U.S. Mint suspended sales July 7 after its inventory of available 1-ounce .999 fine silver dollars was depleted.

The West Point Mint cranked up its production output to meet the public’s demand for the coins.

However, the U.S. Mint opted not to employ production capabilities of the Philadelphia Mint and San Francisco Mint to augment the West Point Mint's output.

All 2015 American Eagle silver bullion coins are from the West Point facility.

The July 7 suspension of sales of American Eagle silver bullion coins to authorized purchasers was the second sales suspension in nine months. Production was suspended for 12 days in November 2014 to restore inventory levels.

Collectors and investors have clamored for the American Eagle silver bullion coins as the spot price of silver has stayed well below $15 per troy ounce in recent weeks.

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