U.S. Mint Q1 Bullion Sales Declines Year-over-Year Despite Record Gold Prices
In the face of rising gold prices, widespread economic instability, and a surge in macroeconomic warning signs, bullion sales have paradoxically fallen.
American Silver Eagle
The American Silver Eagle coin is a trusted and iconic form of investing in physical silver, backed by the U.S. government for its purity and weight. Costco’s decision to sell these coins aligns with a growing consumer interest in precious metals as a means of wealth preservation.
While this move reflects certain economic sentiments—such as concerns about inflation and a desire for asset diversification—it is just one of many factors in the complex landscape of the global economy. The availability of silver coins at a major retailer makes precious metal investment more accessible but does not, on its own, signal a significant shift in economic direction.
Investors considering purchasing silver should:
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Assess Personal Financial Goals: Determine how silver fits into their overall investment strategy.
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Stay Informed: Keep abreast of economic indicators, market trends, and global events that influence precious metals.
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Consult Financial Advisors: Seek professional advice to understand the risks and benefits associated with investing in physical silver.
The Silver Eagle coin has been available for more than 35 years from the United States Mint. More than 550 million Silver Eagle coins have been produced and sold over since their introduction in 1986. The US Mint continuously mints and releases new coins each year making the cheapest random year silver eagles for investors wanting to save on dealer premiums.
The popularity of the American Silver Eagle has led to significant minting figures, making it one of the most widely traded and collected silver bullion coins in the world. The annual mintages of Silver Eagle coins can vary based on market demand, economic conditions, and the availability of silver blanks for minting.
Building a Silver Eagle Short Set of Early Years
Whether pursued for their numismatic charm or investment potential, Silver Eagle coins continue to captivate collectors and investors alike.
Year over Year Sales Up at the Royal Mint, Down at US Mint
The US Mint sold 412,000 ounces of gold in its American Eagle coin program in 2024, a sharp decline of over 59% compared to the one million ounces sold in 2023.
Burnished American Silver Eagle
Burnished American Silver Eagle combines the intrinsic value of silver with unique craftsmanship and limited mintage, making it a prized item for collectors.
2025 American Eagle Pre-Sales
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
US Mint Increases Premiums on American Silver Eagles
The Mint notified distributors recently of the increase in the premium.
Retail investors should expect the increase in premiums to trickle down quickly from the wholesale level to bullion dealers.
Costco Silver Coins Availability
The offerings of silver coins at Costco include American Eagles, Canada Maple Leafs, and PAMP Silver Rounds
Investment-Grade Silver Coins
Investment grade silver coins are high-quality, government-minted coins that contain a specified amount of pure silver. These coins are recognized for their silver content, purity, and legal tender status, making them a reliable store of value. Some popular examples of investment grade silver coins include the American Silver Eagle, Canadian Silver Maple Leaf, and the Austrian Silver Philharmonic.
How do the prices of Costco Silver and Gold Coins Compare to Online Bullion Dealers?
Costco has broadened its selection of precious metals, introducing an array of new coins and bars to cater to the growing interest in tangible assets. The addition includes a variety of gold and silver coins and bars from renowned mints around the world, making it easier for members to diversify their investment portfolios.
The new lineup features investment-grade bullion coins such as the American Gold Eagle, Canadian Maple Leaf, along with various sizes of gold bars from PAMP Suisse and the RAND Refinery.
Anti-counterfeiting edge notch on US Mint Gold and Silver Eagles
In June 2021, the US Mint added an anti-counterfeiting notch to the edge of annually minted coins like the American Eagle Gold and Silver coins. The notches also appear also on the redesigned gold and silver American Eagles with Uncirculated (Burnished) and Proof finishes.