Demand for American Eagle Silver bullion coins has picked up after a modest lull, and the total weekly allocation for the issues has been claimed by buyers during each of the last two weeks. The coins continue to sell at a record pace this year; a total of 42,929,500 ounces have been sold already in 2015, making it likely the Mint will surpass last year’s all-time high of 44,006,000 ounces in the next couple of weeks.
American Eagle one-ounce 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 $13.98 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.