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2025 American Eagle Pre-Sales

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As the year draws to a close, pre-sales of 2025 American Eagle will be starting in the coming weeks. Based on previous years, precious metals dealers should start offering the 2025 American Silver and Gold Eagles for pre-sales during the month of October or early November.

These pre-sales allow investors to lock in prices before the coins are even available, ensuring they don’t miss out on the early releases.

While the coins themselves are not expected to ship from the U.S. Mint until the first half of January 2025, many buyers take advantage of pre-sales to lock-in the price and guarantee that they will receive their coins as soon as they are distributed.

Many analysts predicting gold and silver prices will continue climbing through next year, buying during pre-sales allows investors to lock in the price per ounce when they make the purchase. While prices are likely to fluctuate before delivery, speculative investors may anticipate higher returns.

2025 American Eagle 1 oz Silver Coin
U.S. Mint 2025 American Silver Eagle

As some of the most recognizable and trusted coins in the world, American Silver Eagles (1 oz of .999 fine silver) and American Gold Eagles (offered in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz of 22-karat gold) are the go-to options for many investors looking for physical bullion. Rumors are circulating that Costco may permanently incorporate these precious metals into their product line will only help bolster the awareness further.

Annual Changes

The release of the 2025 coins marks the beginning of a new production cycle for the U.S. Mint. Near the end of each year, the U.S. Mint ceases minting the current year’s coins. This pause allows for crucial equipment maintenance, as well as the replacement of dies that are used to strike the new year’s coins.

During this period, market availability of current-year coins can become scarce, leading to increases in premiums. Typically, secondary market or random-year Silver Eagles will have the lowest premiums.

What to Expect from the 2025 American Eagle Coins

U.S. Mint 2025 American Gold Eagle Obverse
2025 American Gold Eagle Obverse

While the designs of the 2025 American Silver and American Gold Eagle have remained largely unchanged since the 2021 design refresh.

Both coins are known for their patriotic designs, premium minting quality, and, of course, their precious metal content. Investors will find the 2025 American Eagles to be no different—an attractive investment that combines artistry with intrinsic value.

Dealers are Preparing for Strong Demand

With gold and silver prices hitting record highs week and week, dealers are anticipating strong demand. Early buyers should quickly secure their coins at market prices when they become available for sale.

During periods of strong market demand, the current-year American Eagles tend to sell out quickly, as was the case during the early days of the COVID-19 pandemic.

With prices now hitting new highs, a similar scenario could unfold, especially as more investors seek out tangible assets like gold and silver to protect against inflation and economic instability.

Many dealers offer special pre-order pricing, incentivizing those eager to add the 2025 coins to their portfolios before they hit the broader market.

January 2025: Shipping Begins

While pre-sales are beginning now, investors will need to wait until January 2025 for the coins to officially ship from the U.S. Mint. The Mint has historically fulfilled orders during the first half of January.

If you’re considering adding the 2025 American Eagles to your portfolio, now is a good time to explore pre-sale opportunities and secure your position before the rush begins in January. Be sure to check the specific terms and conditions on each dealers’ website prior to purchase to confirm the specific shipping date.

What and Who are U.S. Mint Authorized Purchasers?

U.S. Mint Authorized Purchasers are a select group of companies that are officially approved to purchase bullion coins directly in bulk.

These Authorized Purchasers (APs) act as wholesalers between the U.S. Mint and the general public, helping distribute coins like the American Silver Eagle, American Gold Eagle, American Platinum Eagle, and other bullion products to the retail market.

Authorized Purchasers sell to wholesalers, retail precious metals dealers, and, in some cases, directly to the public. This distribution network ensures that U.S. Mint bullion products are widely available in both domestic and international markets.

Becoming a U.S. Mint Authorized Purchaser involves meeting stringent criteria, such as financial standards to ensure they have the capacity to buy and distribute large quantities of bullion.

Some Examples of U.S. Mint Authorized Purchasers:

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A-Mark becomes majority owner of Silver Gold Bull

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A-Mark Precious Metals (NASDAQ: AMRK) (A-Mark) announced recently that they have increased their invest in Silver Gold Bull, making them the majority owner of the Calgary-based precious metals retailer.

Bob Belandis, President and Co-Founder of Silver Gold Bull commented: “This marks another milestone in our enduring partnership with A-Mark. Their previous investments have fueled significant growth for us. This additional backing positions us for further expansion in Canada and new markets.”

According to the announcement, the latest investment of $9.6 million brings A-Mark’s ownership stake to 55.4%.  A-Mark acquired its initial stake in SGB in 2014 and increased its investment again in 2022 to 47.4%.

Since being founded in 2009, Silver Gold Bull has grown to become one of the leading precious metals retailers in Canada and developing a large customer base in the United States through its partnership with A-Mark. The dealer is best known for its popular 10 oz Silver Bar at Spot Price deal.

silver at spot price deals
Custom minted 10 oz Silver Bar from Silver Gold Bull

The 10 oz silver bar features the dealer’s “charging bull” logo and is minted by Sunshine Mint, a leading refinery that is also owned by A-Mark. The Sunshine Mint is one of the companies responsible for supplying 1 oz silver coin planchets that are used in the manufacturing of American Silver Eagle coins.

A-Mark’s previous option to increase its ownership interest in SGB has been reduced from 75% to 70%. The option, previously set to expire in September 2024, has been extended to September 2025.

Per the announcement, Silver Gold Bull had net sales of $467.9 million, gross profit of $20.8 million (4.4% of net sales), and pre-tax income of $4.2 million (0.9% of net sales) for the fiscal year ending April 30, 2024, selling more than 7.85 million ounces of silver and 151,000 ounces of gold.

“Increasing our stake in SGB aligns with our strategy to expand internationally,” said A-Mark CEO Greg Roberts. “Since our 2014 investment, SGB has shown consistent growth in Canada and abroad. We aim to strengthen our partnership with SGB and may further increase our ownership in the company in the future.”

Founded in 1965, A-Mark Precious Metals, Inc. is a leading fully integrated precious metals company that brings an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers through three complementary segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending.

On the Direct-to-Consumer side, A-Mark fully owns or has large ownership stakes various well known and popular precious metals retailers include JM Bullion, LPM Group Ltd, Silver.com, BGASC, BullionMax, Provident Metals, Pinehurst Coins, Modern Coin Mart, Stack’s Bowers Galleries and others. Recently, JM Bullion announced the acquisition of the website domain gold.com, which currently redirects to their website.

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JM Bullion acquires Gold.com Domain Name

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In a press release last week, A-Mark and JM Bullion announced the acquisition of the website domain Gold.com. No terms were disclosed. Following this acquisition, JM Bullion now owns both silver.com and gold.com.

“The acquisition of the gold.com domain represents a significant investment in our direct-to-consumer growth strategy,” said JMB CEO Robert Pacelli. “The gold.com domain carries broad global appeal and is an extremely versatile asset that will be incorporated into our long term strategy. Prominent, single word domains are in high demand due to their scarcity, and benefits of such domains include instant brand recognition and enhanced marketability.”  

Pacelli continued, “It’s rare to have an opportunity to acquire a category defining asset such as this, and we are excited to add the domain to our expanding portfolio. All gold.com traffic is currently being redirected to the JMB website, providing visitors with seamless access to the company’s extensive range of products and services.”

JM Bullion was founded in 2011 and has grown to become one of the largest online precious metals dealers in the United States.

At the time of its founding, the spot price of silver was around $37 an ounce, while the spot price of gold was trading near $1,755 an ounce.

As JM Bullion’s sales and customer base began to skyrocket, they began acquiring other bullion dealers. The first notable acquisition came in 2019 when the company bought Provident Metals.

By 2020, JM Bullion marked a significant milestone, selling more than $1 billion dollars worth of precious metals to investors that year.

The following year, in March of 2021, JM Bullion was acquired by the industry wholesale powerhouse, A-Mark.

Following the sale to A-Mark, JM Bullion continued their acquisition spree, buying up other notable dealers including BGASC, BullionMax, Pinehurst Coin Exchanges and others, as well as buying significant portions of other vertical businesses such as Silvertowne, Sunshine Minting, Pinehurst Coins and others.

Since 2018, A-Mark has grown through the acquisition of other companies to establish itself as a leader across the entire precious metals vertical, from sourcing and refining capabilities, to direct-to-consumer retail operations, as well as wholesale investment platforms.

A partial list of acquisitions by A-Mark/JM Bullion includes:

  • Silvertowne Mint – Silvertowne was established as a local coin shop in Winchester, Indiana in 1973. In the 1980s, Silvertown expanded into minting and selling their own brand of silver bars and rounds. A-Mark acquired a majority stake in Silvertowne in 2016.
  • Goldline, LLC – Goldline was a full-service precious metals trading company and an official distributor for all the major sovereign mints. The acquisition in 2017 bolstered A-Marks ability to reach investors directly by adding an expansive direct-to-client distribution model.
  • Collateral Finance Corporation (CFC) – Collateral Finance Corporation provided a secured lending facility to consumers and institutions wishing the leverage their gold holdings as a tangible asset.
  • Sunshine Minting – Sunshine Minting was established in 1979. The company is a leading domestic and global supplier of precious metal mint products with manufacturing facilities in Nevada, Idaho, as well as a joint venture in Shanghai, China. Sunshine Minting’s primary customers include sovereign governments and major financial institutions. SMI is a notable supplier of blank planchets to the US Mint, which are utilized in the manufacturing of American Eagle Silver Coins.
  • Pinehurst Coin Exchange – As a leading precious metals broker, Pinehurst established a reputation in the coin industry for best-in-class service and offering a vast array of numismatics and precious metal products. They are a notable seller of gold and silver through the eBay marketplace.
  • Atkinsons Bullion & Coin – A-Mark purchased a 25% equity stake in UK based Atkinson’s in May 2023.
  • BGASC – Long time California based gold and silver dealer, BGASC was acquired in September 2022.
  • Silver.com – Back in their early days, JM Bullion acquired the domain of silver.com for $875,000 back at the end of 2012. It has operated as a standalone website since, with pricing that is often higher than other dealers in the portfolio.
  • Texas Precious Metals – At the start of 2023, A-Mark announced an acquisition of a 12% ownership stake in Texas Precious Metals in exchange for $5.04 million in cash.
  • Silver Gold Bull – Based in Calgary, Alberta, Canada, Silver Gold Bull has a large international retail presence in dozens of countries around the world. A-Mark upped their ownership stake to 47.4% in 2022 consisting of a considerable amount of cash and common stock. As part of the deal, A-Mark has the option to acquire up to 75% of the equity in the company pending a review based on Canadian Competition Laws.
  • CyberMetals – In November 2021, A-Mark and JM Bullion announced the creation of the CyberMetals Platform. The platform allows investors to buy and hold digital gold and silver in non-allocated storage with the option of converting their digital holdings into physical metals and taking fulfillment.
  • BullionMax – Fully acquired in 2023. The full terms of the deal were not disclosed, but the acquisition included BullionMax’s 20,000 customers and 100,000 newsletter subscribers.
  • LPM Precious Metals – LPM is a precious metals retailer and wholesaler based in Hong Kong. The LPM.hk acquisition is part of a strategic expansion by A-Mark into Asian markets.
  • ModernCoinMart – Included in the LPM acquisition, subsidiary Pinehurst Coin Exchange will acquire all assets of Modern Coin Mart, including the inventory.
  • Stack’s Bower Numismatics LLC – Stack’s Bower Galleries is a well-known auction house that specializes in numismatics and other collectibles.

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A-Mark to Acquire LPM Group Limited

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A-Mark (AMRK) is one of the largest wholesale distribution companies in the precious metals space. In recent years, A-Mark has acquired a variety of dealers in the US, the largest being JM Bullion.

According to a recent press release, A-Mark is expanding their presence in the markets throughout Asia with the announced acquisition of Hong Kong based LPM Group Limited.

LPM Group Limited (LPM) is an established precious metals retailer and wholesaler that offers a variety of unique products and collectibles. Besides retail and wholesale trading of precious metals, LPM provides a range of services such as secure storage, buy-back options, and assistance with setting up precious metals IRAs for retirement savings. The company is recognized for its partnerships with major mints and its commitment to providing quality products and services to its customers.

An average from the most recent 3 year period prior shows that LPM has roughly 27,000 retail customers. Annual sales of precious metals include 108,000 ounces of gold and 6.3 million ounces of silver.

The acquisition price for all assets is reported to be $41.5 million, consisting of $37.5 million in cash and $4.0 million of A-Mark common stock. An additional $37.5 million in cash incentives for the company to reach specific EBITDA goals in the coming years.

In addition to JM Bullion, A-Mark has an ownership stake in a number of well-known bullion dealers such as BGASC, Silver.com, Pinehurst Coin Exchange, Provident Metals and BullionMax.

In the same announcement, A-Mark has announced that Pinehurst will acquire Modern Coin Mark (MCM) in a cash deal reportedly worth $5.5 million.

Pinehurst specialize in buying and selling gold and silver bullion, modern collectible coins, and numismatic rarities catering to both investors and collectors.

Established in 2004, MCM has grown to become one of the leading online retailers of modern coins, bullion products, and numismatic collectibles. MCM is known for its wide variety of gold, silver, platinum, and palladium coins from renowned mints around the world.

Apart from bullion, MCM deals in rare and collectible coins, primarily offering graded and certified coins by reputable third party grading services like NGC (Numismatic Guaranty Corporation) and PCGS (Professional Coin Grading Service).

Additionally, the announcement includes a joint venture consisting of A-Mark, Pinehurst and Stack’s Bowers Numismatics, LLC.

Stack’s Bowers Galleries is a prominent numismatic auction house in the United States, with a long and distinguished history specializing in rare coins, currency, and precious metals.

Stack’s Bowers has a reputation for handling some of the most significant numismatic rarities and collections in history, including the The D. Brent Pogue Collection. worth more than $200 million dollars. The $200 million collection included a number of notable coins from early American history during the period from 1792 through the 1830.

In 2021, the auction house made headlines when an ultra-rare 1933 Saint-Gaudens Double Eagle sold for $18.9 million, becoming the most expensive coin ever sold at auction. This coin is one of the last gold coins intended for circulation in the U.S. and was once owned by King Farouk of Egypt. It is the only 1933 Double Eagle that is legally permitted to be owned by a private individual, due to a unique legal circumstance.

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Demand for Silver Eagles Spikes, Along with Premiums

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It’s become pretty indisputable that the economy is in the worst state that many Americans can remember since the 2008 financial crisis and the deep recession that followed.

As a result, investors are clamoring for gold and silver bullion like never before. Demand for government issued coins, like the American Silver Eagle and the Canadian Silver Maple Leaf have skyrocketed in recent weeks since the start of the banking crisis.

However, the US Mint continues to be slow and unable to meet demands, which has caused significant increases in recent weeks to a recent high of around 60% over spot price. Some dealers, such as APMEX and JM Bullion are currently showing premiums for silver eagles at over 88% above spot price.

The US Mint outsources the manufacturing of planchets, which are coin blanks that are pressed by the mint to produce the coins. Working only with a handful of select manufacturers that meet the requirements.

Disruptions to both global and domestic supply chains effecting precious metals continue to impact investors and industry.

The raw materials used to mint Silver Eagles must be sourced from domestic silver mines, as prescribed by law.

The Mint has been unable to meet demand since 2021 when more than 28 million coins were sold. While investor demand remained strong in 2022, the Mint was only able to produce around 16 million coins.

So far in 2023, the Mint has reported sales over more than 6 million coins. However, numerous reports state the mint shifted production in late 2022 to start producing coins for the current year, which is the main reason the Mint was able to report 3,949,000 coins sold in January.

Sales reports show only 900,000 coins being sold in each month of February and March which is far below the Mint’s production capacity.

In 2015, the Mint sold 47,000,000 Silver Eagle bullion coins, the highest on record.

Year 1 oz ASE bullion coins
201914,863,500 coins
202030,089,500 coins
202128,275,000 coins
202215,963,500 coins
2023
(4 months)		6,199,000 coins
Recent Years Sales and Mintage Totals of 1 oz Silver American Eagle coins

It’s pretty indisputable that the economy is in the worst condition many Americans have seen since the 2008 financial crisis and the deep recession that followed.

This time around, the economy has been wrecked by a record combination of prevailing events.

It began before COVID was even a thing in September 17, 2019.

Repurchase agreements, often referred to as “repos” are short term loans between banks and financial institutions. That morning, interest rates on overnight repurchase agreements more than doubled. By the end of the trading day the rates had increased by 500%.

The Fed responded to the crisis by injecting $75 billion PER DAY in new liquidity into the repo market for a week to prevent a collapse.

Once the rates began to stabilize, the Fed continued their daily injections of fresh liquidity into the repo market until October 10.

During that three week time period, some estimates put the total amount of liquidity injected by the Fed at over $500 billion.

A few months later, the Biden administration put the entire country into lockdown, effectively shutting down every sector of the economy, aside from companies like Amazon, Walmart and other select corporations deemed “critical”.

Rising inflation began to take hold as the Fed continued to print more money to fund the pandemic with stimulus checks and other government handouts.

To combat the inflation crisis, the Fed responded with multiple steep increases in key interest rates that come faster than has happened decades.

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Several Dealers Increase Order Minimums and Shipping Times

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Over the last week, APMEX, JM Bullion, SD Bullion and Money Metals Exchange have announced either increases in minimum order amounts or have added a few days to their shipping policies.

The updates includes:

Gold has been trading steadily above $2,008 per troy ounce and silver closed the week at $25.07.

The demand for Silver Eagles have quickly increased because they are seen a trusted store of value over keeping cash with record inflation. Currently, the cheapest Silver Eagles have a premium of over 50% above spot price.

Other sovereign government coins with a lower premium are also reliable alternative for investors looking for a lower premiums.

Britannia, Philharmonic and Kangaroo have become the go to silver 1 oz coins that make an excellent store of wealth and are easy to stack and store at home.

According to inventory tracking of APMEX stock, it’s been reported that APMEX sales of silver on Thursday April 6 reach over 135,000 troy ounces, slightly higher than the Thursday following the collapse of SVB bank and the start of the current banking crisis.

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1 oz Gold Bar at Spot Price

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Interest in precious metals continues to spread far and wide as the turmoil in the economy begins to take hold. New investors often have a lot of uncertainty when first learning about precious metals and dealer premiums can raise questions for some.

Many new investors discovered precious metals through spot price deals that were once promoted by numerous dealers prior to the start of the pandemic. Those offers allowed precious metals buyers the chance to buy silver with no dealer markup.

Mining shutdowns, supply chain issue and strong investor demand for silver put an temporary end to those offers until recently.

SD Bullion was the first online bullion dealer to return with a silver at spot price deal earlier this year. New investors can buy one 5 oz silver bar at spot price.

JM Bullion has recently returned with a special offer for those interested in gold.

The Gold Starter Kit from JM Bullion is now available and offers new investors the opportunity to buy a 1 oz gold bar at spot price.

Gold is long considered one of the best investment options when looking for a long term store of value to be a hedge against inflation.

Owning physical gold and silver are one of the few asset options that has no counter-party risk.

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Military and Veteran Discount From Bullion Dealers

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JM Bullion, BGASC and Provident Metals all offer discounts on purchases for military veterans and active duty personnel. The discount offer is “As Low as” quantity pricing.

You will need to contact customer service before you place your order in order for the discount pricing to be applied to your account. For active duty personnel, you will need to submit either your Statement of Service or Leave and Earnings Statement.

For veterans, you will need to submit a copy of the front and back of your Veteran Affairs ID along with a copy of your discharge form DD-214.

More information and the full details of what is identification and paperwork are required can be found on JM Bullion’s knowledge center.

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A-Mark/JM Bullion acquires BGASC

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On August 30, A-Mark announced that their JM Bullion subsidiary had entered into an agreement to buy online bullion dealer BGASC for $4.5 million in cash.

BGASC was founded in 2012 in California and has reported more than 70,000 customers and $200 million in annual revenue. BGASC is an abbreviation for Buy Silver and Gold Coins.

Over the last few years, A-Mark has been leading an effort to consolidate and control many aspects of the bullion industry.

The Silver Heist channel on YouTube recently posted a video discussing the potential for long term impacts to consumers resulting from A-Mark’s ongoing acquisition-streak in the retail bullion industry that began with JM Bullion in 2021.

“Big Bullion Dealer Buys Other Dealer”, Silver Heist on YouTube!

As pointed out in the video, A-Mark has been acquiring stakes in many companies across all segments of the precious metals industry. The acquisitions have included refineries, smelters, wholesalers, distributors and retailers.

A-Mark now has control of an entire vertical segment from raw material to finished investment and industrial products. They have a stake in companies throughout all facets of the supply chain. Starting with the refineries, which is close to the point of extraction from mines.

At the refiner level of the supply chain the company has access to raw material from miners, recyclers and others through the ownership of Sunshine Minting and Silvertowne Mint.

Sunshine Minting was established in 1979 in Coeur d’Alene, Idaho. In 2007, the company was acquired by Tom and Patricia Power.

In 2020, A-Mark acquired a 31.1% stake in Sunshine Minting, which included a joint-venture in Shanghai, China.

Sunshine Minting plays an important role in the minting and distribution of American Silver Eagle coins.

The US Mint sources blank silver planchets from private mints and Sunshine Minting is a primary supplier of the raw blanks that are pressed into Silver Eagle coins.

A-Mark is also one of the “Authorized Purchasers” of wholesale products that are produced by the US Mint.

As an approved wholesalers, A-Mark is able to purchase products from the mint at a fixed markup.

According to business guidelines published by the US Mint in the spring of 2022, the current wholesale premium from the US Mint for American Silver Eagle coins is $2.35 per coin.

A-Mark and American Silver Eagle Retail Distribution

As of this morning, the lowest current online retail premiums from A-Mark affiliated bullion dealers is $14.41 per coin from BGASC, earning A-Mark affiliated investments a gross premium of $12.06 per coin over the combined spot price and $2.35 manufacturing cost of the US Mint. 

Other A-Mark affiliated online retailers that are listed on FindBullionPrices.com offer this exact same product at even higher price points and premiums.

In a way, A-Mark is able to strategic leverage their position in the industry to outsource the manufacturing of Silver Eagles to the US Mint at a fixed cost that they then sell at various price points through retail channels that they have influence over through investments or full ownership control.

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JM Bullion Acquired by A-Mark Precious Metals

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Precious Metals conglomerate A-Mark has announced that they will purchase online retailer JM Bullion. The acquisition follows a long time partnership between the two companies that dates back to A-Mark’s initial investment in JM Bullion in 2014.

In 2014 A-Mark acquired a non-controlling 20.5% stake in JM Bullion. The new deal will put the remaining 79.5% of the company under the A-Mark umbrella. The purchase price for the remaining 79.5% of JM Bullion is valued at $138.5 million dollars and includes $103.7 million in cash, plus $34.6 million in A-Mark stock.

JM Bullion co-founder and CEO Michael Whittmeyer will remain as CEO of JM Bullion. He will also join the A-Mark board of directors and assume the title of Execute VP of A-Mark’s Direct Sales line of business.

In addition to JM Bullion, A-Mark also owns several other direct to consumer precious metals businesses such as Goldline Inc and Silvertowne Mint.

The full press release can be found here.