March Silver Eagle Sales top 5.3 million
Adam Pike, News Editor
3 Apr 2014, 10:43 a.m.
Despite the price of silver dropping over the last 12 months, demand for physical silver coins in the U.S. remains robust. The U.S. mint sold 5.3m 1 ounce American Silver Eagles in March, the fourth highest sales month in history and the strongest month since January’s 2013 record high.
The sale of U.S. Mint American gold eagles dropped to 21,000 ounces in March, down from 31,000 sold in February. Gold American eagle coins are minted in 4 different sizes, 1 ounce, ½ ounce, ¼ ounce and 1/10 ounce.
As the U.S. Mint limits the amount of coins sold each month, sales figures fail to provide a full picture of silver coin demand.
U.S. Mint coins are sold to the public via a network of registered distributors and retailers.