By Rory Hall from The Daily Coin:
Silver eagles sales figures are going through the roof, literally!
The U.S. Mint reports the first two months of 2016 indicates an annualized amount of American Silver Eagles between 55 and 60 million ounces!
The next chart puts this into perspective. Look at the years between 1986 and 2007 in which the U.S. Mint produced fewer American Silver Eagles for the entire YEAR than the U.S. Mint has produced and released in the first two MONTHS of 2016.
Rory Hall writes:
Please keep in mind the “allocated” (read rationed) sales of Silver Eagles means the U.S. Mint is producing what is suspected to be less than market demand. Where would these figures be in a free flowing market? Would they be substantially higher? Would they about the same? We will never know. What we do know is this: The Perth Mint out of Australia, began producing the Kangaroo coin to compete with the Silver Eagle and Royal Canadian Mints Silver Maple Leaf. The Silver Maple Leaf is on rationed quantities like the Silver Eagles. What has happened is the Perth Mint is now producing well over 500,000 more coins per MONTH than previous years. In the past the Perth Mint averaged 300,000 silver coins per month and their production has increased to just over a MILLION per month.
Rory from The Daily Coin, and Louis Cammarosano from Smaulgld, review the impact of rationing volumes and some of the reasoning behind it in this online discussion “Silver Eagles Flying High”: