The U.S. Mint’s allocation for 2015 American Eagle 1-ounce silver bullion coins has dipped slightly to 970,000 ounces this week, marking the second consecutive drop in the available weekly inventory of the popular issue.
This modest drop is reflective of a normalization of bullion allocation in recent weeks, with figures hovering around the 1 million-ounce mark. Last week, the Mint issued 1,000,000 ounces; the week before it was 1,075,000, and three weeks ago it was 1,000,000.
American Eagle Silver bullion coins are selling at a record-breaking pace this year. Over 38 million have been sold already in 2015, and last year’s all-time high of more than 44 million ounces is likely to be surpassed.
Those robust numbers mask the fact that limited availability has somewhat hindered sales of these issues. The Mint has had difficulty meeting investor demand for ASE bullion coins since July, and has lately been issuing weekly allocations designed to mete out available inventory in a sustainable fashion.
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 $15.86 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.