Eagles end month at top speed
January’s bullion silver one-ounce American Eagle sales total is a record for a month, but what is most remarkable about it is that the Mint could supply as many coins as it did.
This article was originally printed in Numismatic News.
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January’s bullion silver one-ounce American Eagle sales total is a record for a month, but what is most remarkable about it is that the Mint could supply as many coins as it did.
Demand for a new date in the first month of the year is always high from collectors and investors who want to be the first on their block to get them.
Traditionally, demand will then fall off in the next few months. This tendency was obscured a bit in the past two years because of panic buying by individuals who think the coins provide the last chance to preserve their assets, but that panic is passing and now it is simply a matter of the number of blanks vendors can supply the Mint, the Mint’s own production capacity and the ability of the Authorized Purchasers to distribute them as widely as possible. February numbers will tell the tale, but so far reasonable prices on the secondary market indicate all three are doing the job they need to do fairly well.
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