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.

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.