Silver Eagle Coin Sales Top 25 Million for 2014

As silver has recorded strong gains for the year, the United States Mint's American Silver Eagle coin has boomed past 25 million for only the 5th time since 1986.  Physical silver investors are bracing for record sales in 2014 as the metal continues to outperform.   Even more telling, premiums (price charged above wholesale cost) for the U.S. American Silver Eagle have averaged 10.9% - 16.4% for 2014 according to the research conducted by Senior Account Executive, David Morenfeld of Lear Capital.  

US Mint Bullion Sales in July

United States Mint bullion sales climbed slightly on Wednesday following strong gains on Tuesday and on Monday. Sales through the first three days of this week are handily better than those from all last week. By comparison, this week’s totals are already 80% higher for gold coins and 56% higher for silver coins.

In a milestone, sales of 2014 American Silver Eagles topped 25 million for the year. That happened with a late Tuesday increase of 160,000 coins. Since the silver coins debuted in 1986, the level has only been reached in five other years. Silver Eagle sales had been on an annual record pace until a few weeks ago when orders started to tumble. Last year when the annual Silver Eagle sales record jumped above 42.6 million, the bullion coins hit 27,575,000 by July 16, 2013. Silver prices on that day were just under $20 an ounce.

Source:  CoinNews.net