Inventories of bullion 2018 American Silver Eagles are depleted for now, the United States Mint told its Authorized Purchasers (APs) today, Sept. 6.
According to U.S. Mint spokesman Michael White, the agency sent the following information to its APs:
“This is to inform you that due to recent increased demand, the United States Mint has temporarily sold out of its inventories of 2018 American Eagle Silver Bullion Coins.
All orders received prior to this communication shall be honored.
The United States Mint is in the process of producing additional 2018 American Eagle Silver Bullion Coins. We will make these coins available for sale shortly.”
Sales of the 1-ounce, .999 fine bullion Silver Eagles jumped today by 637,500 pieces, for a year to date total of 10,275,000 coins. Their weekly tally grew to 1,037,500 coins, which is higher than the sales in every month this year except for January and August.
Bullion American Silver Eagles are sold in bulk through the Mint’s network of “Authorized Purchasers” who consist of major coin and precious metals dealers, brokerage companies, and other participating financial intermediaries. APs pay $2 per coin, plus melt value. In the secondary market, bullion coins are usually priced at a few percentage points above the latest value of their precious metal content.