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U.S. Mint Suspends Silver Bullion Coin Sales After Sales Double In February

Summary:
– U.S. Mint suspends silver bullion coin sales after sales double in February– Silver investment demand for American Eagles (one ounce) silver bullion coins depletes West Point Mint inventories– U.S. Mint suspended sales of American Eagle (1 oz) coins on Feb. 21 because it had no coins left to sell– With increased investment demand, the Mint is experiencing a resurgence in steady demand with sustained purchases of the silver coins after fluctuating and lower demand in recent years – Investment demand for silver set to surge again in the next global debt crisis by SRSrocco Sales of Silver Eagles continue to be strong as demand for the official coins surged in February. Moreover, as the Authorized purchases of Silver Eagles jumped by 775,000 oz this past Thursday, the

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– U.S. Mint suspends silver bullion coin sales after sales double in February
– Silver investment demand for American Eagles (one ounce) silver bullion coins depletes West Point Mint inventories
– U.S. Mint suspended sales of American Eagle (1 oz) coins on Feb. 21 because it had no coins left to sell
– With increased investment demand, the Mint is experiencing a resurgence in steady demand with sustained purchases of the silver coins after fluctuating and lower demand in recent years
– Investment demand for silver set to surge again in the next global debt crisis

U.S. Mint Suspends Silver Bullion Coin Sales After Sales Double In February

by SRSrocco

Sales of Silver Eagles continue to be strong as demand for the official coins surged in February.

Moreover, as the Authorized purchases of Silver Eagles jumped by 775,000 oz this past Thursday, the U.S. Mint issued a temporary suspension of sales until inventories can be restocked.  This is a very positive sign as total Silver Eagle sales last year fell to low of 15.7 million, down more than 50%, compared to the 37.7 million set in 2016.

According to the U.S. Mint’s most recent update, Silver Eagle sales as of February 21st were 2,057,500 versus the 942,500 during the same month in 2018.  Not only are Silver Eagle sales this month more than double last year, but they also surpassed Feb 2017’s figure by 842,000 oz:

Furthermore, Silver Eagle sales JAN-FEB 2019 are 6,075,000 compared to 4,177,500 sold during the same period last year.  Thus, sales of Silver Eagles are up 45% versus the first two months in 2018:

U.S. Mint Suspends Silver Bullion Coin Sales After Sales Double In February

I believe demand for Silver Eagles will remain strong this year, but it will take another financial and economic crisis to push the annual purchases back up to the 35-40+ million range.

Click here to read full story on GoldCore.com.

U.S. Mint Suspends Silver Bullion Coin Sales After Sales Double In February

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