The US Mint announced another 300,000 silver eagles sold Monday, bringing the 6 day sales total to an astonishing (and record pace) of 5.082 million ounces!
As silver eagle production was shutterred until January 7th, the Mint is on pace to sell nearly 15 million silver eagles in the first month of 2013, which would be a record ANNUAL sales total as recently as 2007! (9 million ounces sold for all of 2007). 


2013 Silver Eagles As Low As $2.59 Over Spot at SDBullion.com!

2013 Silver Eagle


2013 Silver Sales Totals

(in ounces / number of coins)
Month One
( oz. / #coins )
January 5,082,000
5,082,000
Total 5,082,000
5,082,000


With more than half the month of January remaining, at this point a new all-time monthly silver sales record for the mint is all but in the bag- provided that the mint does not decide to shut down production again.
Provided the Mint continues production (not necessarily guaranteed given it’s track record), it appears January silver eagle sales should easily come in at 7-8 million ounces, shattering the January 2011 monthly all-time sales record of 6.422 million ounces.

Got PHYZZ? 

2011 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 6,422,000
6,422,000

1

 

SD Bullion

  1. It will be interesting to see if this rate of sale continues for the next 3 months. It is clear the interest in silver is growing. It is only a matter of time until institutional buyers jump in. It will be then when the noose begins to tighten as the rope gets shorter.

  2. Makes me want to go and pick up a couple more just for the heck of it. If there is some sort of capital controls put in place in the future like in Mexico and Europe recently it’s nice to know that can dodged by using a 1 dollar coin valued in the thousands!

  3. It’s very interesting that with all of this buying the price is still stuck under $32 which used to be considered strong support. I bought some Eagles myself two weeks ago which was my first ever purchase of that particular coin. They truly are beautiful coins. The only ones I like better than the Eagles are the Austrian Philharmonics.  

  4. Isn’t like half of December’s demand in the January sales, due to them not being able to get the silver in, even though figures didn’t seeem as much off from forecast?
    I would not be surprised if it’s now a media-driven buying frenzy. Perhaps Maple sales will be down due to the Eagle party? Or, the Eagle story could spice up small investor demand to higher levels than without the hype.
    Me, I got one Eagle and that’s enough for me. Seems a bit overpriced for what it is. Not particularly attractive, .999. For a lower price I get a Maple Leaf at .9999 pure, and an, subjectively, nicer to look at.
    Still, I regret the recent tube of Maples. Should have ponied up the extra Euro for Antelopes, or the locally strangely low premium’d Polar Bears.

Leave a Reply