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Sales of American Eagle gold and silver coins drop to 11 year low

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best place to buy American Silver Eagles online

According to sales data released by the U.S. Mint this week, sales of both American Silver Eagle (ASE) and American Gold Eagle (AGE) coins were down in 2018.

According to sales data, the U.S. Mint sold 245,500 ounces of Gold Eagle bullion coins during 2018. This was down from 302,500 ounces in 2017 and 985,000 in 2016.

Silver Eagle bullion coin sales dropped in 2018 as well. In 2018, the U.S. Mint sold 15,700,000 one-ounce Silver Eagle bullion coins. This was down from 18,065,500 in 2017 and 37,701,500 in 2016.

Silver Eagle bullion coins are sold to dealers in 500 coin Monster Boxes. Many precious metals dealers that are still holding onto 2018 dates coins have lowered the premiums to as low as $2.20 per coin, which is only 20 cents more than the premium charged by the U.S. Mint.

Additional information can be found in this Reuters article and via the U.S. Mint Production Sales Figures.

Overall, the spot price of gold ended 2018 with a 2.1% loss, the spot price of silver lost 9.7% throughout the year.

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2018 American Silver Eagle Premiums Dropping

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2018 American 1 oz Silver Eagle

The US Mint has announced the availability of the 2019 American Silver Eagle coins. Dealers are already accepting pre-orders of 2019 Silver Eagles at reduced premiums in anticipation of the January 7 release date.

Additionally, several trusted and reputable national online bullion dealers have reduced the dealer premiums on 2018 American Silver Eagle coins to clear out their inventory to make room for the 2019 Silver Eagle coins.

The US Mint charges “Authorized Purchasers”, essentially the 9 US-based wholesale bullion distributors that are allowed to purchase directly from the Mint a $2.00 per coin premium over the LBMA Silver Spot Price at the time of purchase.

The premium that is charged by the US Mint is passed along to the retail dealers who in turn pass it along to consumers, investors and end-buyers. Retail bullion dealers charge a premium over that which covers their overhead and profit.

In recent weeks dealer premiums on 2018 American Silver Eagle coins have been as low as $2.21 over silver spot price when you buy a Monster Box of 500 coins.

See https://FindBullionPrices.com to find and compare the lowest price on 2018 American Silver Eagle coins.

https://findbullionprices.com/collection/American-Silver-Eagles/

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US Mint Authorized Wholesale Purchasers

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2018 American 1 oz Silver Eagle

Unlike other world mints, The United States Mint does not sell its bullion coins directly to the public. Instead, the coins are distributed through a network of official distributors called “authorized purchasers”. The Authorized Purchasers then create a two-way market buying and selling to precious metal wholesalers as well as private investors.

In the United States there are nine authorized purchasers that purchase Gold, Silver, and Platinum Eagles and other bullion items direct from the US Mint. In Europe there are two Authorized Purchasers and in Asia there is one. The Authorized Purchasers act as wholesale distributors for US Mint bullion products.

United States

  • A-Mark Precious Metals, Inc
  • American Precious Metals Exchange (APMEX)
  • Coins & Things, Inc
  • Dillon Gage Inc of Dallas
  • Fidelitrade, Inc
  • Jack Hunt Coin Broker, Inc
  • Manfra, Tordella, & Brookes, Inc (MTB)
  • The Gold Center
  • ScotiaMocatta (Scotia Bank)

Europe

  • Bayerische Landesbank
  • Deutsche Bank AG

Asia

  • Tanaka Kinkinzoku
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2019 Silver and Gold Eagle Bullion Coin Availability Announced by US Mint

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2018 American 1 oz Silver Eagle

The US Mint’s authorized purchasers were notified that they could begin placing orders for 2019 silver, gold and platinum Eagle Coins and 2019 Gold Buffalo coins starting on January 7, 2019.

A spokesman for the US Mint announced that production of 2018-dated coins has ended and any remaining inventory would be used to fill orders placed before the end of the year.

The U.S. Mint does not sell the bullion versions of its coins directly to the public. The Mint sells the coins through a group of authorized purchasers who buy wholesale amounts of the coins with prices based on the closing London PM spot price of their weight in precious metal on a specific day plus a premium over spot price.

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eBay Bucks 10% in eBay Bucks on every qualifying item of $50 or more, 8% in eBay Bucks on every qualifying item of $25 or more

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When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be found here.

The Promotion starts at 5:00AM PT on December 5, 2018 and ends at 11:59PM PT on December 6, 2018 (the “Promotion Period”). The Promotion applies to any qualifying items purchased during the Promotion Period that meet the minimum purchase requirement. You must activate the offer to qualify.

Gold:

Napolean III 20 Francs for below melt

Random 1/2 oz Canada Gold Proof Coins below melt

Random 1/2 oz First Wives Gold coins below melt

$20 Liberty Double Eagle (cleaned) below melt

Random US Mint Commemorative 1 oz gold coins below melt

Mexican 50 peso gold coins below melt

Silver:

MCM has 2018 Silver Eagle Tubes of 20 that net for around $16.25 per coin

Bullion Exchanges has lot of 5 RMC silver rounds

2018 5 oz Proof Libertad

5 oz Englehard Australia Cast Bars

Bullion Exchanges 10 oz Silver Bars (Various listings)

A few lots of 10 1 oz silver rounds

Here’s a list of more eBay Bucks eligible bullion items:

https://findbullionprices.com/ebay-bucks-bullion-deals.php?discount=10

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2019 American Silver Eagles Available for Pre-Order

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2018 American 1 oz Silver Eagle

Trusted and reputable bullion dealers have begun taking pre-orders for 2019 American Silver Eagle coins. Premiums have so far been pretty reasonable.

The US Mint charges distributors a $2.00 per coin premium. That premium is passed along to retail bullion dealers and ultimately passed along to the end-buyer.

Total premiums have been as low as $2.45 over spot per coin when buying individual 2019 Silver Eagle coins.

Discounts on premiums are available when purchasing 2019 American Silver Eagle Coins Tubes of 20  or a 2019 American Silver Eagle Monster Box.

Visit FindBullionPrices.com to compare 2019 American Silver Eagle prices from leading bullion dealers to find the best prices on 2019 American Silver Eagle Coins.

https://www.prlog.org/12742736-2019-american-silver-eagles-available-for-pre-order.html

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Bullion Holiday Gift Items include Free Shipping From Money Metals Exchange

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Diversion Safe Book
Money Metals Exchange has been around since 2010. Many people have avoided buying from them because they charge shipping for orders under $1,000 or because it often seems like they are just “silver pumpers” pushing metals because of the coming economic apocalypse.
In any event, they have decent pricing on a lot of things but due to the shipping cost. For smaller orders a $9.99 shipping charge means an extra $1.00 per ounce premium for 10 ounces.
As a holiday special they are offering free shipping on all orders placed through December 20 that contain an gift item from their list of gift ideas.
Gift items include:
Additional items are available on the Money Metals Exchange Bullion Gift Ideas page.
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Earn 8% eBay Bucks on eligible purchases, including Silver & Gold Bullion

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Sunshine Mint Silver Rounds ebay Bucks

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be found here.

eBay launched an eBay Bucks promotion this morning that allows buyers to earn 8% cash back eBay Bucks rewards on eligible purchases through November 15, 2018 at midnight Pacific time.

As usual, items listed in the bullion categories on eBay are ineligible to earn Bucks. However, there are many deals on gold, silver and junk bullion that trusted and reputable dealers have listed outside of the bullion categories that are eligible for earning eBay Bucks, including the 8% bonus.

To find out if you’re eligible for the eBay Bucks promotion, click this link to the eBay Bucks promotion page and click the “Activate” link.

https://pages.ebay.com/rewards/2018/1113.html

If you’re eligible to participate you will be brought to a confirmation page. If you are not eligible you will see a message stating that the offer cannot be activated and it may give you a reason.

Click here for lists of eBay Bucks eligible Gold, Silver and Junk bullion items.

Eligible items include rolls of American Silver Eagles, rolls of Canadian Silver Maple Leafs, fractional gold bars, 10 oz silver bars, 20 Franc Gold Coins, Gold Sovereign Coins, lots of 5 and 10 1 oz silver rounds and bars as well as 90% silver coinage in rolls and bags.

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eBay Bucks Eligible Items from Major Bullion Dealers

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buy silver

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be found here.

Most bullion buyers who buy on eBay are familiar with the value that the eBay Bucks Rewards program provides. It is a cash back style rewards program that gives back 1% of each eligible purchase in the form of an eBay Gift Card code that can be applied to future purchases.

As often as several times per month eBay runs promotions that increase the cash back earnings provided by the eBay Bucks program. The promotions have increased the percentage of earnings to 8%, 10% and even as high as 15%.

Any items that are listed in the bullion categories are automatically excluded from earning eBay Bucks. However, some savvy dealers will list items in other eligible categories which allow earning of eBay Bucks on bullion purchases.

APMEX has always included items for sale on eBay in eligible categories. This has typically included gold bullion coins, primarily European circulated gold bullion coins such as British Gold Sovereigns and 20 Franc Gold Coins. They also usually have Pre-1933 American Gold Bullion and Mexican Gold Pesos.

Bullion Exchanges offers a variety of silver bullion items in eBay Bucks eligible categories. Often you can find a variety of 1 oz rounds sold both individually or in lots of 10, 5 oz silver bars and 10 oz silver bars.

Modern Coin Mart usually has Rolls of 20 American Silver Eagle coins for sale in eBay Bucks eligible categories. Their prices are usually higher than you can find elsewhere but some people feel that the higher price is offset when earning eBay Bonus Bucks during promotional periods.

BOLD Precious Metals usually offers foreign silver and gold bullion items in eBay Bucks eligible categories. They typically offer China Silver Panda coins, Super Hero Themed silver bullion rounds and Rolls of Austrian Silver Philharmonic coins that can earn eBay Bucks.

We have published an updated list of eBay Bucks Bullion items that are eligible for earning bucks.

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Lower spot price causes sell out of US Mint supply of Silver Eagles

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The US Mint reported last week that they have temporarily run out of stock of 2018 American Silver Eagle Coins.

The temporary sell out is likely due to the recent drop in silver spot price.

It’s unclear whether it’s consumers driving the sales demand of the Silver Eagle coins or if it’s dealers trying to lock in long-term stock at lower prices.

Silver spot price typically dips in the summer months to annual lows. Silver prices often through the fall and into winter as manufacturers and industry begin sorting out their supply for 2019 production.