Tuesday, December 1, 2020

Tag: Silver Eagle Sales Surge In September As U.S. Mint Resumes Supply

Silver Eagle Sales Surge In September As U.S. Mint Resumes Supply

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by Steve St. Angelo, SRSRocco Report:

The sales of Silver Eagles surged in September as the U.S. Mint removed their temporary supply restriction.  As the silver price continued to trend to new lows at the beginning of the month, several large purchases of Silver Eagles by the Authorized Dealers wiped out the inventory at the U.S. Mint.  The U.S. Mint had cut back on its monthly supply due to the falling demand.

However, now that the U.S. Mint has resumed sales of Silver Eagles, they have reached over 1.9 million, up 28% compared to August, and there are still ten days remaining in the month.  Silver Eagle sales so far in September are the highest all year, except for the usual spike in January when the Authorized Dealers are stocking up on the newly released coin.