The U.S. Mint announced on Monday that it has 3 million ounces of the very popular American Eagle 2015 silver bullion coins. It plans to sell them on an allocated basis throughout the week after running out of the coins about three weeks prior.
Sales stopped on July 7th after a huge spike in sales which led to a sellout of their inventory. Just this month alone the U.S. Mint has sold about 2.7 million ounces of the popular American Eagle coin. Investors aren’t wasting any time jumping at the opportunity to get their hands on these precious metals.
This is the second time within the past nine months that the Mint has sold out because of the increasing demand for silver coins. In the past, the mint has been forced to ration coins due to the increasingly higher demand.
With silver being the most affordable precious metal, investors and collectors can get more metal for their money. The coin sales information for last month shows that they are at their highest point since January.
The popularity of the American Eagle silver coins is due primarily to how recognizable it is all over the world. It is the most well-known and accepted form of silver bullion on the market today. American Eagle silver coins make affordable investments, beautiful collector’s coins, or even a great gift or award. It is also good to know that these silver coins are the only ones allowed in an IRA.
These silver coins have been around since 1986, being minted by the United States as one-dollar silver coins named “Silver Eagles”. Each coin contains a minimum amount of 1 troy ounce of 99.9 percent pure silver. Because of their low price and beauty, there have been over 130 million of the coins sold since their debut.
The Silver Eagles get their design from the 1916 half dollar “Walking Liberty” by Adolph A. Weinman. It is widely considered to be the most beautiful coin ever minted by the U.S. American Eagle silver coins are also very easy to buy and sell at almost any precious metals, coin, or brokerage company. Prices are based on the market price for silver, plus a premium that will cover the cost of distribution and minting.
According to the U.S. Mint, silver coin sales continue to be on the rise. In previous months, coin sales spiked to 4.84 million ounces. It is starting to seem as if more investors now see the true value of investing in silver.
Silver’s potential is very substantial. All of its uses in the industry alone make it a great investment. When you take into account the affordability and ease of buying and selling, the decision of whether or not to invest becomes clear.
Now that the U.S. Mint has the silver coins back in stock, buyers will have to be patient knowing that they are only selling them on an allocated basis. This is to ensure they do not sell out again quickly before they can completely restock their inventory. With these measures into place, there should soon be plenty of silver bullion coins to go around once more.
To order your American Silver Eagles, contact Capital Gold Group at 1(800)510-9594 or visit startwithgold.com or visit behance.net/CapitalGoldGroup.
