Number Of Unsold American Eagle Bullion Coins Increasing Weekly

CoinWorld - The pace of sales by the U.S. Mint of American Eagle silver bullion coins is beginning to slow down.

The number of American Eagle silver bullion coins allocated weekly by the U.S. Mint is rising because the number of unsold coins carried over from previous weeks is increasing.

With weekly allocations since Jan. 18 averaging roughly 1 million coins, the number of coins allocated June 13 for sale to authorized purchasers totaled 1,672,500 coins. Any coins left unsold from a previous week's allocation are carried over into the new week and added to the regularly scheduled weekly allocation. Unsold coins have been carried over weekly for at least the past month.

From the 1,672,500-coin allocation, the Mint recorded sales June 13 of just 205,000 coins. That brings the cumulative calendar year 2016 total to 24,532,500 American Eagle silver bullion coins.

The highest weekly allocation was made available Jan. 11, with 4 million coins allotted. All 4 million coins were sold the same week. The rabid sales were attributed to the coins being the first allocation of 2016-dated coins as well as the first coins available for sale in nearly three weeks. Sales were suspended in mid-December after 2015-dated inventory was depleted and production was switched to 2016-dated coins.

June 2016 sales though June 13 total 1,119,500 coins. By the end of June 2015, the Mint had recorded sales of 4.84 million coins.

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