Investors looking to acquire 2015 Silver Eagles may just have a few more weeks to purchase the coins. If demand for Silver Eagles by the Authorized Dealers and investors remain strong over the next several weeks, we could see a record 47 million of the coins sold this year.
According to article, 2016 American Silver Eagle Release, Last 2015’s for Record:
It’s out with the old and in with the new. Earlier today, Nov. 24, the United States Mint announced that it would stop producing 2015 American Eagle silver bullion coins by Dec. 11 and that it would begin taking orders for the first 2016-dated issues on Jan. 11.
2015 American Silver Eagles will claim an annual sales record. That should happen by early next week, even as the U. S. Mint limits their sales.
The bureau has rationed sales of bullion American Silver Eagles for most of this year as demand has exceeded supply. The U. S. Mint has the production capability to produce many more of the one-one, .999 fine silver coins but, like other world mints, it cannot always acquire enough silver planchets.
Currently, the U. S. Mint has sold 43.8 million oz (Moz) Silver Eagles with three weeks remaining for sales to their Authorized Dealers. Here is the U. S. Mint memo sent to its Authorized Dealers (from article quoted above):
This post was published at SRSrocco Report on November 26, 2015.