U.S Mint Sells out of Silver American Eagles

The U.S. mint my not be a common topic of conversation around the dinner table, but so far this month the 6,007,000 ounces of silver they have sold has been enough to suspend silver sales.  In essence, the mint has sold out of silver coins.  We have yet to reach the record of 6.42 million ounces sold in January of 2011 but there is still time left in the month.  When sales resume it will be interesting to see how quickly the 2013 Silver American Eagle coin is consumed again.  The U.S. mint began minting the 2013 coin just this month.

On Thursday the S&P closed at its best level in more than five years and the Dow was very close to a similar record.  There is a sentiment out there that the bull market isn’t finished.  Some investors believe that the stock market could move higher, especially if the political uncertainty is resolved.  Chairman and CEO of Morgan Stanley, James Gorman said, “The U.S. economy is recovering. That’s unmistakable. The speed of it still remains to be determined.”

At 2:19 p.m. (EST), the APMEX Precious Metals spot prices were:

  • Gold, $1,687.10, Down $5.70.
  • Silver, $31.89, Up $0.05.
  • Platinum, $1,699.90, Down $29.20.
  • Palladium, $721.60, Down $5.50.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EST)! Or call us Fridays until 6 p.m. (EST)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.

One thought on “U.S Mint Sells out of Silver American Eagles

  1. “Silver Eagles sell out in less than a month.” Wow, the economy is back on track because the “collectors” are back at it, according to J P Morgan analysts. Talk about diverse news… everyone is doing “just fine!” “Especially if the POLITICAL UNCERTAINTY is resolved.” Yeah, like THAT is right around the corner. I like doing business with you APMEX, but as a news organization, eh, not so much.

Comments are closed.