From Nathan McDonald at Sprott Money:
The U.S. Mint recorded their best ever sales for their American Silver Eagles. These coins are a staple in the world silver market for those looking to protect their wealth in precious metals.
The stunning performance throughout the month of February saw the mint sell a record-breaking 4,782,000 coins. This marks the 11th-highest month of sales for this coin since its inception in 1986.
What is most stunning about this performance is the fact that it comes at a time when the mint is rationing sales of these rounds, and limiting their supply to wholesalers.
What this means is evident: these numbers would have been even higher if the free market allowed them to be. Perhaps we could have even broken all records and experienced the coin’s top-performing month of all time. It is an incredibly likely possibility.
It has been reported that the mint’s distributors…