U.S. MINT REPORTS ON SILVER EAGLES: Huge Demand & Weekly Rationing

Thursday, November 20, 2014
By Paul Martin

Thursday, November 20, 2014

After the huge take-down in the price of silver on October 31st, demand for Silver Eagles skyrocketed. Then on Nov. 5th after silver was knocked down another 5%, the U.S. Mint suspended sales of Silver Eagles.

It was reported that the U.S. Mint sold 2 million Silver Eagles on Nov. 5th before they suspended sales. However, we didn’t see a huge increase in sales on their website for that day. So, I decided to contact Michael White, Public Affairs person for the U.S Mint and ask him about this issue as well as some other questions.

Mr. White provided me that actual sales figures from Oct 31st to Nov. 18th. These sales figures can be seen in the chart below:

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