US Mint to Lift Silver American Eagle Rations

Reuters reported that starting on June 2, the US Mint will stop rationing American Eagle silver bullion coins. The decision was made based on lower retail demand.

As quoted in the market news:

The U.S. Mint has been allocating, or rationing sales of silver coins to its authorized dealers since late January, 2013 following a brief suspension as unprecedented demand depleted silver coin blanks.

In May, sales of silver Eagles were 3.99 million ounces versus April’s 3.57 million ounces. On a year-over-year basis, May sales were up from 3.46 million ounces in the year-ago period.

Click here to read the full Reuters report.