Allocation Lifted for American Silver Eagle Bullion Coins

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From: http://news.coinupdate.com/allocation-lifted-for-american-silver-eagle-bullion-coins-4857/

Effective Monday, June 1, 2015, the United States Mint’s American Silver Eagle bullion coins will no longer be subject to allocation. For the first time this year, authorized purchasers will be able to order the coins without limitations.

During periods when demand for bullion coins has exceeded the available supply, the United States Mint has utilized an allocation program to ration available coins amongst their authorized purchasers.  Allocation was used for the first time in 2008 when a surge in demand for physical precious metals exhausted the Mint’s supplies of gold and silver bullion coins. After brief suspensions, sales would be resumed on an allocated basis. Allocation was commonplace throughout 2009 and 2010 as production continued to fall short of market demand. The Mint has also used allocation for extended periods over the past two years.

The current allocation program has been in place since November 17, 2014. Leading up to the implementation of allocation, the US Mint had temporarily sold out of Silver Eagle bullion coins. The Mint had cited “tremendous demand” for the coins, following a drop in the market price of silver.

Allocation continued for the duration of sales of the 2014-dated Silver Eagles and also through the start of sales for the 2015-dated coins on January 12, 2015.

For the year to date, sales of American Silver Eagle bullion coins have reached 16,571,000 ounces.

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