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Silver Eagles set another record

The 2014 silver bullion American Eagle has further cemented its lead as the best sales year for the coin since its release in 1986.

The silver Eagle may not be the best way to own bulk silver.

The 2014 American Silver Eagle saw a record year in terms of coins sold.

On Dec. 17, the Mint reported that it sold an additional 453,500 silver Eagles since Dec. 10. This brings the total purchased in 2014 to 43,505,000, a significant amount over the previous record year of 2013, which saw 42,675,000 silver Eagles sold.

There is more to come as the Mint has not yet sold all of its 2014 supplies.

December of 2013 saw 1,200,000 silver Eagles purchased. December of 2014 has seen 1,958,000 go out the door by Dec. 17, a 61 percent increase. In 2014, seven months had higher silver Eagle sales than the same month in 2013, four with an increase of at least one million coins.

The price of silver dropped steadily during that time, going from $19.47 an ounce at the end of August to $15.75 by mid December.

This article was originally printed in Numismatic News.
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