What is a Silver Monster Box?

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The US Mint ships bullion coins, including American Silver Eagle coins in bulk to authorized wholesale distributor in special packaging called a Silver Monster Box.

After minting, the US Mint packages bullion coins in plastic tubes. Each standard tube holds twenty 1 oz coins. The tubes are then fitted into the Silver Monster Box 25 tubes at a time. The tubes have a relatively snug fit to reduce movement and vibration during shipping.

Each Silver Monster Box contains 500 troy ounces. Both Government Mints and private manufacturers have adopted the practices of shipping bulk product in quantities of 500 troy ounces in Silver Monster Boxes.

A Silver Monster Box of American Eagle coins is green. Other Governments Mint use different colors to identify their Monster Boxes. Some have different colors and sizes for different series’ of coins.

For example, there are some special series’ of coins from the Perth Mint that are shipped in Monster Boxes that contain only 250 troy ounces of silver coins. Some bullion distributors have adopted the term as a way to offer yet smaller quantities, as little as 100 troy ounces, with the term Mini-Monster Box.

2019 American Eagle Coins Beginning to Ship from Mint

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The U.S. Mint will begin shipping 2019 American Eagle Silver and Gold Coins to their list of Authorized Purchasers (wholesalers) this week.

Retail online bullion dealers are anticipated to begin shipping pre-orders for 2019 American Silver Eagle and American Gold Eagle coins beginning on Monday January 14, 2019.

With the 2018 American Eagle coins selling far less than hoped for, dealers are hoping that a slowing U.S. economy and rising interest rates will spur more investment in precious metals during 2019.

Premiums on individual Silver Eagle and Gold Eagle coins vary greatly amongst online bullion dealers.

Our product listings for 2019 Gold Eagle Coins and Silver Eagle Coins track prices across various trusted and reputable online bullion.

500 oz Silver Eagle Monster Boxes remain competitively priced for both 2019 release coins and remaining 2018 Silver Eagle coin inventory.

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

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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.

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.

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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

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.