United States Mint American Silver Bullion Coin Sales Reach All-Time High

Once again, global demand for the American Eagle Silver Bullion Coins drove sales to a record high, this year reaching 47,000,000, surpassing the 44,006,000 ounces sold in 2014 and the 42,675,000 ounces sold in 2013. The Mint broke last year's record Nov. 30 when sales reached 44,666,500.

To add further perspective to the demand for Silver Bullion Coins, for the first 22 years of the American Eagle Silver Bullion Coin Program, the Mint typically sold between three million and 10 million ounces per year. Since 2007, sales have increased nearly five-fold from 9,887,000 in 2007 to more than 44 million last year.

The Mint's West Point facility currently produces all American Eagle gold, silver, and platinum and American Buffalo Bullion Coins in addition to other precious metal numismatic products. The facility operates with three shifts with employees working overtime to help meet demand.

The Mint launched the American Eagle Bullion Program in 1986. The Congressionally authorized program provides investors a simple and tangible means to add precious metal coins to their investment portfolios.

The bureau distributes American Eagle Bullion Coins solely through a network of Authorized Purchasers that includes wholesalers, brokerage companies, precious metal firms, coin dealers, and participating banks. A list of bullion retailers is available here.

Criteria for becoming an Authorized Purchaser of American Eagle Bullion Coins are available here. Firms interested in participating in the program should submit the required documentation to:

United States Mint
Numismatic and Bullion Department
ATTN: Bullion Program Team Lead
801 9th Street, NW
Washington, DC 20220 (20001, if sent by Federal Express)

This is a guest article. The thoughts and opinions in the piece are those of their author and are not necessarily the thoughts of the Certified Collectibles Group.