Last week, the United States Mint had informed their network of authorized purchasers that they were temporarily sold out of American Silver Eagle bullion coins. The Mint had cited “tremendous demand” following the recent drop in the market price of silver.
The Mint now anticipates resuming sales for the silver bullion coins on Monday, November 17. More than one million 2014-dated coins should be available at that time, although sales will take place on an allocated basis.
During times when the market demand for bullion coins has exceeded the available supply, the US Mint has imposed their allocation program, which rations the available supply amongst authorized purchasers.
American Silver Eagles were last subject to allocation for a period of more than sixteen months beginning on January 28, 2013 and concluding on June 2, 2014. Despite being subject to rationing for much of the year, Silver Eagles had reached an annual sales record for 2013 at 42,675,000 ounces.
Current year to date Silver Eagle sales have reached 39,381,000 ounces.
The release date for the the 2015-dated American Silver Eagle bullion coins has not yet been established. At this time, the Mint expects to launch the coins in early January.