Thursday, December 17th 01:11 PM IST

US Mint's American Eagle Silver Bullion coin sales hit new record

# American Eagle  # Silver  # Bullion  # Coin  

In 2015, sales of the coins reached 47,000,000 ounces, higher than the 44,006,000 ounces sold last year and the 42,675,000 ounces sold in 2013.

NEW YORK (Bullion Street): The United States Mint has announced record sales of American Eagle Silver Bullion Coins for the third consecutive year.

In 2015, sales of the coins reached 47,000,000 ounces, higher than the 44,006,000 ounces sold last year and the 42,675,000 ounces sold in 2013.

The Mint broke last year’s record November 30 when sales reached 44,666,500.

To add further perspective to the demand for Silver Bullion Coins, for the first 22 years of the American Eagle Silver Bullion Coin Program, the Mint typically sold between three million and 10 million ounces per year. Since 2007, sales have increased nearly five-fold from 9,887,000 in 2007 to more than 44 million last year.

The Mint’s West Point facility currently produces all American Eagle gold, silver, and platinum and American Buffalo Bullion Coins in addition to other precious metal numismatic products. The facility operates with three shifts with employees working overtime to help meet demand.

The Mint launched the American Eagle Bullion Program in 1986. The Congressionally authorized program provides investors a simple and tangible means to add precious metal coins to their investment portfolios.

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