Precious Metals Update: Silver Eagle Allocation Continues, Gold Down Again

March 28, 2016 in Coins, Coins for sale, Collecting, Gold, Gold Bullion, Gold Coins, Gold Eagles, History, Investing, News, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, Silver Eagles, US Mint, USA Coins

By: Coin Update (Coin Update News)


The U.S. Mint has continued its pattern of releasing one million American Eagle one-ounce silver bullion coins per week by issuing a new allocation today. Last week’s inventory had been purchased by the Mint’s authorized buyers as of Thursday, bringing 2016’s overall total to 14 million ounces sold.

Even with the ongoing rationing of silver bullion, the Mint is on pace to have its biggest sales year ever for the commodity, and has already exceeded 29.7% of last year’s record-breaking total of 47 million ounces of Silver Eagles sold.

Gold has dropped $23.35 an ounce since this time last week, and is Full article at the source>

Source: (Coin Update News)

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