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    market news

    US Mint Reports Best February American Eagle Silver Coin Sales

    Charlotte McLeod
    Mar. 11, 2016 04:53PM PST
    Silver Investing

    SilverSeek.com reported that last month, the US Mint achieved the best sales of American Eagle silver bullion coins that it’s ever seen for the month of February. During the period, the mint sold 4,782,000 coins.

    SilverSeek.com reported that last month, the US Mint achieved the best sales of American Eagle silver bullion coins that it’s ever seen for the month of February. During the period, the mint sold 4,782,000 coins.
    As quoted in the market news:

    What is most stunning about this performance is the fact that it comes at a time when the mint is rationing sales of these rounds, and limiting their supply to wholesalers.
    What this means is evident: these numbers would have been even higher if the free market allowed them to be. Perhaps we could have even broken all records and experienced the coin’s top-performing month of all time. It is an incredibly likely possibility.
    It has been reported that the mint’s distributors have been buying hand over fist, purchasing every last round that has been made available to them. This showcases the incredible demand that exists in the physical silver market, and downplays the farce that is the paper silver markets.
    In fact, demand was so intense that in the last month of February, when the mint announced they would be releasing 1 million rounds for the week, distributors bought 73.7% of the whole week’s supply by the end of the first day.

    Click here to read the full SilverSeek.com report.

    silver marketmarket newssilver bullionus mint
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