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United States Mint Ending Silver Eagle Production For The Year

December 10, 2015 0 Comments

2015-American-Silver-Eagles-bullion

As the year is winding down, the United States Mint has released their end of year production availability for multiple products. The most important however is for 2015 American Silver Eagles. The U.S. Mint has stated their final allocation for Silver Eagles will be Monday, December 14th. This means the final delivery of Silver Eagles to U.S. Mint Distributors for the year. There will be no more Silver Eagle production until the 2016 Silver Eagles are released in January.

Other products of note are the quarter ounce $10 gold American Eagle coin is sold out and will not be offered again until 2016. The U.S. Mint sold 39,500 ounces of quarter ounce American Gold Eagles for the year which represents 158,000 coins – a 33 percent increase over 2014.

Trays-of-2013-American-Silver-Eagle-bullion-coins

One-tenth ounce American Gold Eagles are also sold out for the year. In 2015, the U.S. Mint produced 980,000 one-tenth ounce Gold Eagles. This represents 98,000 ounces of gold, which was a 73-percent increase over the 565,000 coins produced in 2014.

Also in the announcement was that one ounce American Gold Eagles have sold out as well.

For the year as a whole, with silver prices dropping there was an exceptional amount of Silver Eagles purchased. Prior to the final allocation there were 42,929,500 American Silver Eagle bullion coins minted. Including the roughly 4 million coins to be released through the final allotment (1 million coins per week released, ending on December 14th) the yearly total of Silver Eagle coins will be around 46-47 million coins. This would be an increase over last year’s record of 44,006,000 American Silver Eagles minted and sold.

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