U.S. Mint has 3 mln oz of American Eagle silver coins as sales resume

86076_ObvThe U.S. Mint said on Monday it has 3 million ounces of its popular 2015 American Eagle silver bullion coins to sell on an allocated basis this week as it resumed sales after running out of stock almost three weeks ago.


From: http://www.reuters.com/article/2015/07/27/usmint-coin-sales-idUSL1N1070OH20150727

The mint halted sales on July 7 after selling out of inventory due to strong demand.

So far this month, the mint has sold 2.7 million ounces of the silver coins. (Reporting by Josephine Mason)


Take this with a grain of salt. In this writer’s opinion, yes the U.S. mint says it has 3 million ounces.  It has also sold 2.7 million ounces this month.  Do the math and unless the U.S. Mint gets more silver it may stop production once again sooner rather than later. Mind you, Silver Eagles can only be made with silver from the States.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s