US Mint American Eagle Coin Sales Down in November

Mineweb reported that according to media reports, the US Mint is restricting American Eagle silver coin sales for the remainder of 2013 in order to conserve coin blanks for the 2014 Silver Eagle bullion coin program.

Sales of American Eagle silver coins declined from October to November, with the November total coming to 2.3 million.

As quoted in the market news:

‘The lower sales figures for November do not reflect a drop in demand for silver bullion coins, but rather the opposite due to the fact that the U.S. Mint has run out of coins due to unprecedented demand,’ said the website Gold and Silver Blog.

The Mint sold a total of 41,475,000 silver bullion coins as of November 30, shattering the previous record sales year of 39,868,500 coins for 2011.

The U.S. Mint was to have issued its last weekly allocation of 2013 Silver Eagles on December 9. Last year, the Mint unexpectedly sold out of 2012 Silver Eagles on Dec. 17, 2012. The 2014 Silver Eagle bullion coins will not be available to order until Jan.13, 2014.

Click here to read the full Mineweb report.