By Numismatic News
silver American Eagles must the U.S. Mint offer
for sale before buyers have enough?
During the first quarter of 2010, the Mint sold
a record 9,023,900 of the one-ounce silver
coins, but demand still exceeds supply and the
Mint is continuing its allocation process among
its authorized purchasers to ration the supply.
If sales continue at this pace, more than 36
million could be sold by the end of the calendar
year. Such a figure would be up sharply from
last year’s 28,766,500 coins, which itself was a
record number for a calendar year.
In contrast, the demand for
gold American Eagles
has been better matched by supply this year.
Buyers have taken 271,000 of the one-ounce gold
coins and the Mint has been able to sell them
for almost a month now without rationing the
Maintaining this pace would push total sales for
calendar 2010 to 1,084,000 coins, which would
actually be lower than the 1,315,000 sold in
However, demand conditions change during the
course of the year and these projections could
be useless before the ink dries on this story.
Silver Eagle History and Information