As we approach the end of 2014, it is easy to look back and see which coin was favored by investors this year. Sales of American Silver Eagle coins hit record levels in 2014, ultimately selling out completely after the U.S. Mint sold 44 million ounces of silver bullion.
“In just five years, sales of Silver Eagles compared to Gold Eagles, quadrupled,” announced SilverSeek contributor Steve St. Angelo. “The U.S. Mint sold 39.8 million Silver Eagles in 2011, doubling the Silver-Gold Eagle ratio to 40/1.”
Not only that, but Gold Eagle sales were off the charts too, according to the stats.
According to CoinNews.net, plummeting silver prices, down about 19% this year, have made Silver Eagles more attractive to buyers who are rushing to pay less to get what they want.
Coin collectors who missed out on 2014 coins can look forward to Friday’s release of the 2015 Proof American Silver Eagle, expected to be the most collected product of the year.
Learn more at coinnews.net