Silver Eagle Sales Hit New Record In March & Large Comex Silver Withdrawal
Even though this surpassed the amount sold last year by over one million, the U.S. mint still has one final update to take place on Monday, March 31st.
If sales of the Silver Eagle top 500,000 on the last reporting day, total sales in March could surpass 5 million and overtake January as the highest monthly amount.
This would put total sales for 2014 at 13.5 million down compared to the same period last year which reached 14.2 million. While this is a decline year over year, it was more due to allocated limits rather than a fall in demand.
The U.S. Mint didn’t begin selling the 2014′s until the end of the second week in January. Furthermore, the Authorized Dealers purchased every allocated Silver Eagle they could for the month. Which means they couldn’t acquire any more than the 4,775,000 shown in the table.
Even with this limitation, sales in 2014 are doing quite well as purchases in February and March were stronger than last year.