The U.S. Mint ran out of American Eagle silver coins after selling 1.26 million ounces since the start of the month as futures in New York slumped to the lowest in more than four years. “Due to the tremendous demand we have experienced in the last several weeks , the U.S. Mint has temporarily sold out,” Michael White, a spokesman, said in an e-mail yesterday. The Royal Canadian Mint also said demand was up “ significantly.” In October, U.S. Mint sales jumped 40 percent to 5.79 million ounces from a month earlier to the highest since the record in January 2013. Futures dropped 1.2 percent to $15.26 an ounce on the Comex at 7:09 a.m. in New York . The contracts tumbled to $15.12 yesterday, the lowest since February 2010.
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