The Phaserl


Market Continues To Purchase “All” Allocated Silver Eagles From U.S. Mint

from SRS Rocco:

As sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint. Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.

This means its authorized dealers are limited to the amount of Silver Eagles they can purchase each week. Michael White, the Public Affairs person for the U.S. Mint, told me that in order for the Mint to build up inventory of Silver Eagles, it has to ration sales to its authorized dealers.

For the second week in February (10th – 14th), the U.S. Mint allocated 900,000 Silver Eagles. At the beginning of that week, total sales were 850,000. By Friday, the 14th, total sales reached 1,750,000.

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