2014 Silver Eagle Bullion Coins Temporarily Sold Out

Exceptional demand for American Silver Eagle bullion coins has temporarily depleted the United States Mint’s inventory of them.

As such, the U.S. Mint has informed its authorized dealers that they will be unable to order more until additional inventory becomes available. A date for that sales resumption is not yet known.

"This is to inform you that due to the tremendous demand we have experienced in the last several weeks, the U.S. Mint has temporarily sold out of its American Eagle Silver Bullion Coins," stated the U.S. Mint in a notice to its authorized dealers. "We continue to produce 2014-dated coins and will advise you when additional inventory will be available for sale."

Demand for the silver coins has been exceptionally strong the last two months after a lackluster summer, at least compared to recent years. October sales of the coins skyrocketed to 5,790,000. This was more than enough to claim the best month of 2014 so far and also qualified it as the fourth best month ever in the history of the American Silver Eagle program.

2014 American Silver Eagle Bullion Coin Sales

 

Year-to-date, bullion Silver Eagle sales are at 39,301,000 as shown in the chart above. With the current sales listed, 2014 has already attained the record as the third best year ever for the program. It trails only behind the 2011 sales of 39,868,500 and the current record set last year of 42,675,000.

Assuming sales this year resume in short order, 2014 could be on track to easily move up the chart. The math indicates a difference of only 567,500 between current sales and those of the number two spot with 3,374,000 separating it from 2013’s record.

Current plans call for the U.S. Mint to continue 2014 Silver Eagle production for the remainder of the year, as demand warrants, with sales to resume when inventories have been replenished. At some point, 2014-dated American Silver Eagles will be declared as sold-out and 2015-dated American Silver Eagles will take their place. Of note, some 2015 Silver Eagles were produced by the U.S. Mint earlier this year when bullion demand slackened.

Bullion coins from the United States Mint are not sold directly to the public. Instead, they are issued through the Mint’s network of authorized dealers which includes major coin and precious metals dealers and other participating financial institutions. The silver coins are sold in bulk to the purchasers for the closing spot price of the metal, plus a premium of $2 per coin. They are then offered for sale to the public by the purchasers for a small additional premium over spot.