Increased investment demand forced the U.S. Mint to
temporarily suspend sales July 7 to its authorized purchasers of 2015 American Eagle silver bullion coins.
Mint officials sent the following notice to the authorized
purchasers concerning the American Eagle 1-ounce .999 fine silver bullion
"As you are aware, the significant increase in demand for
American Eagle Silver Bullion Coins depleted our current inventories.
The United States Mint facility at West Point, New York, continues to produce American Eagle Silver Bullion Coins and we
anticipate resuming sales in approximately two weeks."
Up to the July 7 sales suspension, the U.S. Mint recorded total
sales of 24,395,000 coins. Through the end of June, the Mint had
recorded sales of 21,786,000 coins, a monthly average of 3,631,000
coins. Maintaining that monthly sales average could push 2015 calendar
year totals to 43,572,000 coins, just below the record total of
44,006,000 set in calendar year 2014.
During the first seven days of July 2015, authorized purchasers
bought 2,609,000 of the coins.
The authorized purchasers buy coins from the Mint based on the
closing spot price of the metal per troy ounce on the London market on
a given day, plus a $2 premium per coin. The coins are then resold to
other dealers, collectors and investors.
More from CoinWorld.com:
releases technical details for 2015-W American Liberty, High
Relief gold coin
Standard .900 silvery alloy in coins may change under legislation
2015 Eisenhower Coin & Chronicles set nor American Liberty,
High Relief gold $100 coin set for ANA release
anti-slavery halfpenny token in Davisson’s auction
sets and Jackie Kennedy gold coins: An update
Keep up with all of CoinWorld.com's news and insights by signing
up for our free eNewsletters, liking
us on Facebook, and following us on Twitter. We're also on Instagram!