It has been a fairly lackluster year of Silver Eagle sales for the US Mint. However, in June, sales began to bounce back to higher volumes.
Distributors and Authorized Purchasers purchased over 1 million troy ounces of silver eagles from the US Mint in June. These sales numbers are up nearly 20% from May which saw sales of only 866,000 troy ounces.
Overall, sales of Silver American Eagle coins have been substantially higher for the first half of this year compared to the same period in 2018. The US Mint has sold 10,022,000 troy ounces during the first six month of 2019. During the same period in 2018 only 6,822,500 troy ounces of Eagles were sold.
The increase in sales of 2019 American Silver Eagle coins this year may be due to investors moving money to safer investments as confidence in traditional investments weakens.
The US Mint sells Silver Eagles to wholesale distributors, referred to as Authorized Purchasers, with each Monster Box containing 500 troy ounces of silver.
Silver Eagle Monster Boxes are popular among investors that want to take advantage of the relatively low price of silver. The price of gold continues to reach highs not seen in several years.
The Gold to Silver Ratio is near historic highs.
