Sunday, December 14, 2014

Silver American Eagles Reach Record Sales In 2014

After selling out of eagles in November, the US Mint was still able to record an all time record in coins sold at 42.9 million this year (so far), topping the previous record of 42.7 million.



Coins are about 50% less expensive than they were through most of 2011, which continues to shock analysts who cannot understand why someone would want to own two coins for the price of one.

With the all-in cost hovering around $20 an ounce to pull physical silver out of the ground, insatiable physical appetite for the metal around the world and a steady stream of new industrial uses coming online every year it will be interesting to see how long silver can remain at these ridiculously low prices.

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