It is catch-up time at the U.S. Mint. A surge in demand for silver American Eagle bullion coins exhausted the Mint’s supply on hand. On Sept. 6, the Mint issued a statement saying the sales halt was temporary.
The coining presses at West Point were cranked up to get the coins back on sale.
At the time of the suspension, buyers had taken 1,037,500 of the coins, an amount greater than had been sold in six out of eight months in calendar year 2018.
Still, with total 2018 sales standing at 10,275,000 silver Eagles, it is worthwhile to note that it was only three years ago that the annual sales number was almost five times that figure at 47 million pieces.
This article was originally printed in Numismatic News. >> Subscribe today.
More Collecting Resources
• Keep up to date on prices for Canada, United States and Mexico coinage with the 2019 North American Coins & Prices guide.
• Check out the newly-updated Standard Catalog of World Coins, 2001-Date that provides accurate identification, listing and pricing information for the latest coin releases.