The U.S. Mint has increased its allocation of American Eagle Silver bullion coins this week to 1,187,000 ounces. This is the second consecutive weekly increase in available Silver Eagle bullion inventory.
After months of struggling to keep up with demand, the Mint has allocated more bullion that it’s sold over the last few weeks. Last week, authorized buyers claimed 856,500 Silver Eagles of a possible 1,043,500-ounce allocation.
American Eagle Silver bullion coins are selling at a record pace this year. A total of 39,842,500 have been sold already in 2015, and last year’s all-time high of more than 44 million ounces is likely to be surpassed.
American Eagle Silver bullion coins carry a denomination of one dollar; however, as they are investor coins, their value is tied to their weight in silver, which is currently $15.40 per ounce according to the London Bullion Market Association. In figuring retail prices for the public, authorized dealers add to the mint’s base price to cover their own expenses and profit targets, often incentivizing bulk purchases by charging less for coins ordered in large quantities.
For more information on the American Eagle bullion program, please visit the U.S. Mint’s Web site.