The U.S. Mint ships American Silver Eagles in bulk to its network of authorized purchasers using standardized packaging known as a monster box. Understanding what a monster box is — and how the packaging works — is useful for investors who buy silver in quantity. After striking, the Mint packages Silver Eagles into plastic tubes … Read moreWhat is a Silver Monster Box?
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 … Read moreSales of American Eagle gold and silver coins drop to 11 year low
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 by buying and selling to precious metal wholesalers, retail dealers, and private investors. In the … Read moreUS Mint Authorized Wholesale Purchasers