U.S. Mint Sells More Silver Eagles In A Week Than Gold Eagles Over Past Three Years

The U.S. Mint just updated their Silver Eagle sales figures for May, and it was a whopper.  Since the beginning of last week, the U.S. Mint sold 1.939,500 million Silver Eagles.  This is a big number.  Total for the month of May is already at 3,262,000 oz.
It took one week for the U.S. Mint to sell more Silver Eagles (1,939,500 oz) than all the Gold Eagles sold in 2012, 2013 and 2014 (1,808,000 oz).
Just think about that for a minute.  The market purchased more Silver Eagles in one week than all the Gold Eagles since January 2012. [Read more...]

Record Silver Eagle Buying As Industry Analysts Mislead The Public

Total Eagle Sales FEB MAR 2010  to 2014The U.S. Mint sold more Silver Eagles in the past two months than it has ever in the same time-period in previous years.  February and March sales were so strong, they surpassed 2013′s by nearly 2.4 million.
According to the U.S. Mint’s most recent update, sales of Silver Eagles in March hit a record 5,354,000, which was almost 2 million higher than in March of 2013.
If we look at the chart below, we can see how much heavier the buying was this FEB-MAR compared to previous years: [Read more...]

Silver Eagle Sales Hit New Record In March & Large Comex Silver Withdrawal

Silver Eagle Update March 28 2014According to the recent update by the U.S. Mint, Silver Eagle sales hit a new record in March.  Sales of the U.S. Silver Eagle reached 4,476,000 at the end of the week.  Even though this surpassed the amount sold last year by over one million, the U.S. mint still has one final update to take place on Monday, March 31st.
If sales of the Silver Eagle top 500,000 on the last reporting day, total sales in March could surpass 5 million and overtake January as the highest monthly total. [Read more...]

Silver Eagle Sales Steal The Show While Top Silver Miners Lose Money

U.S. Mint Silver  Gold Eagle Ratio updateIn an interesting irony, investors are purchasing record amounts Silver Eagles while the top primary silver miners continue to lose money.  Not only did investors purchase the most Silver Eagles in the month of February compared to previous years, the silver/gold ratio is off the charts.
This year, investors have purchased 3,750,000 Silver Eagles compared to 31,000 oz of Gold Eagles.
This is a staggering 121 to 1 ratio, shown in the chart below: [Read more...]

U.S. MINT UPDATE: Silver Eagles Nearly Sell Out In Two Days

gold & silver sold outThe U.S. Mint updated its sales figures today… and it was another whopper.
Yesterday, the U.S. Mint sold 825,500 Silver Eagles which was about two-thirds of the weekly allocation.
The total Silver Eagle for February is now 3,671,500.
Not only has this been another excellent month (so far) for Silver Eagle sales, it is an all-time record for February! [Read more...]

Market Continues To Purchase “All” Allocated Silver Eagles From U.S. Mint

U.S. Mint Silver Gold RatioAs sales of Gold Eagles remain subdued, the market continues to purchase every available Silver Eagle from the U.S. Mint.  Since the beginning of the year, the U.S. Mint has sold its Silver Eagles on a weekly allocated basis.
 in the past several weeks, 80-90% of the total allocated weekly Silver Eagle amount was sold on the first day of the week!
The U.S. Mint just updated its sales figures Monday, with an astonishing 744,500 Silver Eagles sold in one day: [Read more...]

U.S. Mint Nearly Sells Out Of Its Weekly Silver Eagle Allocation In Two Days!

After a slower than average sales month in January due to the US Mint’s shutdown, Silver Eagle sales have picked up significantly in February.  In the first eleven days of the month, the U.S. Mint has sold nearly 1.7 million Silver Eagles.
On Tuesday, US Mint official Michael White confirmed that demand for Silver Eagles remains so strong that the Mint nearly entirely sold out of its weekly 900,000 sales allocation of ASEs in the first 48 hours of the week. [Read more...]

Silver Eagle Sales Shatter Record at 42.4 Million Oz in 2013!

USMintThe US Mint shut down production of 2013 Silver Eagles today as SilverDoctors’ readers are likely aware, but the 3 weeks early end to 2013 production failed to prevent an all-time sales record for the popular bullion coin.
Coming in at 42,401,000 oz, the Mint bested the previous annual sales record of 39.8 million oz set in 2011 by over 2.5 million oz, even with production shut down after only 926,000 oz were sold in December.
With nearly all of December’s sales pushed into 2014, don’t be surprised to see a new all-time monthly record set in January, as we project 6-8 million ASEs will be reported sold in January. [Read more...]

SD Metals & Markets: More Evidence US Mint Stopping ASE Production Due to Silver Shortage

gold & silver sold outIn this week’s Metals & Markets Wrap The Doc & Eric Dubin discuss:

  • Yellen & TPTB preparing to taper talk of taper as the market forces The Fed to d/c the propaganda, and admit MOAR QE is coming
  • As Comex Registered Inventories Continue To Plummet, Gold signaling a change in trend- higher lows a positive sign the market may be finally turning, and Asian investors are eager to buy the dips
  • JP Morgan Twits Tweet:  Epic marketing failure
  • Retail silver shortage developing once again- 1 month wholesale delays on Sunshine Mint products- the mint that supplies the US Mint with silver blanks

The SD Weekly Metals & Markets With The Doc & Eric Dubin in below: [Read more...]

US Mint Alerts Primary Dealers Silver Eagle Production to Be Halted for 4 Weeks!

gold & silver sold outSDBullion has learned from industry contacts that the US Mint alerted its Primary Dealers Thursday that The Mint is halting its weekly allocation of 2013 Silver Eagles, and will be suspending all sales of ASEs for 4 weeks!

*Updated 2:30pm EST: Silver Eagle shortage already underway as primary dealer wholesalers have taken the rare step of raising ASE prices intra-day on a Friday.
[Read more...]

Silver Eagle Bullion Coin Sales Head For Annual Record Over 40 Million

USMintU.S. Mint sales advanced across all bullion products in October. The U.S. Mint’s sales of American Eagle silver coins have reached 3.087 million troy ounces so far this October and have surpassed the September sales figure, according to figures from the U.S. Mint’s website. Sales increased to 3.087 million troy ounces in October from 3.013 million troy ounces in September.  This means they are on track for  a new annual record – surpassing the record seen in 2011.
When the annual record for the Silver Eagles happened in 2011 at 39,868,500, it took until December 13, for sales to reach the levels reached this year. [Read more...]

Canadian Maple Leaf Sales Beat All Records!

1H 2013 Canadian Maple Leaf Sales BAccording to the information just released by the Royal Canadian Mint, sales of Gold & Silver Maples are beating all records. 
Silver Maple sales have increased 60% y.o.y (year over year) while Gold Maples are up a staggering 144%!
Not only are Canadian Maple sales surpassing its own previous records, Gold Maple Leaf sales actually out performed U.S. Gold Eagles during the second quarter of 2013!
Even though sales of official gold and silver coins have picked up dramatically, this is only a preview of the huge demand to come in the future as the public wakes up to the GREAT PRECIOUS METAL TRANSFER OF WEALTH.
[Read more...]

SILVER: The King of Future Investment Gains

Silver Eagle Sales & Ratio To Gold EaglesWhile owning precious metals will be a very wise store of wealth and investment in the future, silver will actually turn out to be the “King of Investment Gains.”  A good barometer of the retail gold and silver market is shown by eagle sales on the U.S. Mint.
In the first three months of the year, investors were purchasing silver eagles at an average ratio of 48 to 1 to gold eagles.  However, after the huge April 12th precious metals take-down, investors overwhelming purchased a great deal more gold eagles in percentage terms that month as the price of the yellow metal fell $200 in two days.
However, something startling has taken place in the month of July.  Investors have been purchasing silver eagles at ratio of 95 to 1 compared to gold eagles.
Investors are presently buying, nearly 50% more in silver eagles than in gold eagles in dollar terms! [Read more...]

U.S. Mint June Silver Coin Sales At 4,651,429 Ounces – Record 2013 Likely

USMintThe recent price slump spurred demand for physical metal, with the U.S. Mint predicting last week that its gold and silver coin sales may reach a record in 2013.
The Austrian Mint sold about 2 million ounces of silver in April, compared with 8.8 million for all of 2012.
The U.S. Mint has sold 1,628,000 ounces of silver coins so far in June, according to figures on the Mint’s website. At that pace, total sales for the month would be 4,651,429 ounces, up 62.8% from a year earlier: [Read more...]

US Mint Sells 681k ASE’s Monday, Sets All-Time April Gold & Silver Sales Record!

USMintUS Mint reported a whopping 681,000 ASEs sold Monday, bringing the April sales total past 3 million ounces for the first time EVER at a record 3,068,000 oz. 
The Mint has now set a monthly sales record 3 out of the first 4 months in 2013, including January’s record sales for any month of 7,498,000 oz sold! [Read more...]