The U.S. Mint
once again reduced its weekly allocation of American Eagle 1-ounce
silver bullion coins to authorized purchasers Sept. 21, providing only
The authorized purchasers placed orders for 544,500
of the available coins soon after the allocation announcement.
The Sept. 21 sales brought September's monthly sales total to
2,599,000 coins. Cumulative calendar-year 2015 sales have reached
The Mint's allocation for the week of Sept. 7 was 1 million
coins; for the week beginning Sept. 14, the number of coins made
available was 809,500 coins. Orders in each of those weeks consumed
the entire allocations.
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American Eagle silver bullion coin sales in 2015 are on track to
break the 2014 record of 44,006,000 coins, with the pace inhibited
only by the reduced allocations.
American Eagle silver bullion coins are not sold directly to
individual consumers. Instead, they are sold to a network of
authorized purchasers who offer a two-way market buying and selling
the coins. The authorized purchasers buy the coins from the Mint for
the closing London PM spot price per ounce on a given day plus a
premium of $2 per coin. The coins are then resold for a small markup
to other dealers and customers.
The Mint has approved 12 authorized purchasers for American Eagle
silver bullion coins, nine of which are in the United States, two in
Germany and one in Luxembourg.
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