Fiscal Year 2014 Gold vs Silver Eagle SalesThe U.S. Mint just released its FY 2014 Annual Report and the total Dollar sales of Silver Eagles surpassed Gold Eagles by a wide margin. 
Total sales of Silver Eagles were $850 million compared to $693 million in Gold Eagle sales. 

Gold Eagle vs Silver Eagle Sales 1987-2014While GOLD is known as the King of monetary metals, SILVER will win the crown as the best performing monetary asset in the future.
From 2008 to 2014, the rate of Silver Eagle to Gold Eagle sales jumped to 41 to 1.  What is even more amazing than that statistic, is the Silver to Gold Eagle ratio in 2014.
  Investors purchased 84 Silver Eagles for every Gold Eagle oz in 2014.
Now, if we look at the current demand for U.S. Mint official coins, Silver Eagle vs Gold Eagle sales in February are a staggering 213 to 1:

US Silver Eagle Sales 1986-2014There are two charts every precious metals investor needs to see.  The U.S. Mint is celebrating its 30 year anniversary producing Gold and Silver Eagles and if we look at the sales data of these two Official precious metal legal tender coins going back to 1986, we find some very interesting trends.
The U.S. Mint sold an average of 34.9 million Silver Eagles from 2008-2014 compared to 7.2 million from 1986-2007.
Investors purchased nearly 5 times more Silver Eagles a year after the Great U.S. Economic Collapse in 2008, than they did from 1986-2007.
In contrast, the U.S. Mint only sold an average of 50% more Gold Eagles from 2008-2014 compared to the yearly average from 1986-2007.
 
Essentially, the sales increase in Silver Eagles outperformed Gold Eagle sales by 10 to 1 since 2008!

US Mint

Sales of U.S. Mint Silver Eagles started off strong this year with 3.6 million sold in the first two reporting days of 2015!
The U.S. Mint starting selling Gold Eagles last week with 51,500 ounces reported on the first day of sales.  The U.S. Mint released the official first day of Silver Eagle sales on January 12th.
As we can see from the chart below, the U.S. Mint sold 2,958,000 Silver Eagles on January 12th, then another 656,000 on Tuesday, January 13th.  So far this year, the U.S. Mint sold 3,614,000 Silver Eagles compared to 56,500 oz of Gold Eagles:

David Morgan

David Morgan joins the SGTReport to discuss the unprecedented demand for American Silver Eagles.
The question is, WHO is buying all of this PHYSICAL silver?
Because typically as the price of an asset falls, retail investors flee.  Has JP Morgan itself been snatching up tens of millions of ounces of the precious metal in the form of silver Eagles as the criminal bank drives the price down via the COMEX?   It’s what Ted Butler calls “The perfect crime”. Is he right?

Either way, those in the know win, because we understand that PHYSICAL silver is in very high demand – and its very, very precious.

silver rush

According to global market data from the top Official Mints, sales of Silver Eagles  originate overwhelmingly from public retail investment demand rather than by one large bank… such as JP Morgan.  
I say this in response to the allegation put forth by silver analyst, Ted Butler who believes JP Morgan purchased half of all Silver Eagles since April, 2011.

Ted Butler, who has made this claim over the past several months, does so again in his recent article, The Perfect Crime.
I wanted to provide a rebuttal to Butler’s allegation that JP Morgan was the large buyer of Silver Eagles because his opinion takes CREDIT AWAY FROM THE PUBLIC, and puts it in the hands of the BANKERS.
While Ted Butler provides excellent information on the silver market, I believe his opinion on this matter is incorrect:

2012 Amercian Silver Eagle

Amazingly, retail investors purchased 84 Silver Eagles in 2014 for every ounce of Gold Eagles.
It will be interesting to see how 2015 unfolds.
With all the geopolitical, financial and economic uncertainty… next year just may be GANG BUSTERS for the U.S. Mint.

silver eagle sales

In the wake of a MONSTROUS sales spike with silver’s dip to $14, Silver American Eagles sales have soared above 43 million oz in 2014, a new all-time annual sales record for the second consecutive year. 
In addition, I believe sales of the 2015 Silver Eagles will be very strong in the beginning of the year.  Today, the price of gold and silver are skyrocketing as the broader stock indices plummet.  This may be the sign precious metal investors have been waiting for… A REAL BOTTOM.
If we truly seeing the MOTHER OF ALL REVERSALS, 2015 may turn out to be quite the pivotal year.

gold & silver sold out

The U.S. Mint had to suspend sales on November 5th due to its inventory being totally wiped out. 
The Royal Canadian Mint also put the sales of its Silver Maples on limited basis due to high demand as well.

If the Royal Canadian & U.S. Mint have difficulty now trying to meet demand for the 2-5% of public demand… what happens when the GREAT RUSH INTO GOLD & SILVER BEGINS??

2012 Amercian Silver Eagle

Of Mints and of Mines
This week’s Clarion Call takes a closer look under the hood at the U.S. Mint, at both the number of coins being released soon, and what it means for silver retail supply going forward.  
We also scour over the charred wasteland that is the silver mining industry.
Plus a surprising figure that silver stackers must be aware of
It’s all here, in the “Clarion Call”!

silver demand
Play

T. Ferguson joins The Doc & Eric Dubin for a Special Market Alert edition for this week’s Metals & Markets, discussing: 

  • US Mint caught completely off guard by EPIC physical demand, SOLD OUT of Silver Eagles after burning through over 2 million oz in less than 2 hours Wednesday morning!
  • Primary Dealer of Silver Eagles CAUGHT OVERSOLD– reportedly cancels previously placed contracts for Silver Eagles- a completely unprecedented development!
  • Silver tests $15 are we staring at a 2008 Deja Vu collapse to support at $9? 
  • Not just the US Mint- Canadian Mint may be sold out of Maples as soon as Thursday, and one of the US’ largest  private mint HALTS SILVER ROUND SALES!

You won’t want to miss a minute of this MUST LISTEN Special Market Alert Edition of the SD Weekly Metals & Markets below: 

SILVER-RUSH

Investors snatched up a record number of Silver Eagles as the paper price was manipulated to new lows today.  This is a very strange market phenomenon, as several “Official” analysts forecasted a drop or sell-off of physical metal if the price continued to decline.
In just the past two days, investors purchased more than 1.4 million Silver Eagles.  This pushed the total sales for October to 5,790.000, surpassing the record set in March at 5,354,000:

silver sales

After the recent price smash in silver, investors purchased a record amount of Silver Eagles.  In the past week, the U.S. Mint sold a great deal more Silver Eagles than it did during the same time period in every other month of the year.
Not only are first week sales of Silver Eagles stronger than any other month, they have already surpassed the total sales in the month of July and August!
The best time to buy Gold or Silver is anytime before the Financial System collapses.
The day after… will be too late.

2012 Amercian Silver Eagle

The market has reacted to the big drop in the paper price of silver by a huge increase in Silver Eagle purchases. 
September was turning out to be a much stronger month compared to July and August even before the last update of the month.
On Monday, the U.S. Mint reported 3,375,000 sales for the month. 
Then this evening, I checked to see if they had updated their figures.. which they did in A BIG WAY.

Gold & Silver Eagle Sales Yearly Change Jan-AugAccording to the most recent data put out by the Official Government Mints, silver coin sales are outpacing gold in a big way.
Silver Eagle sales up to the first week of August reached a little more than 27 million compared to 30.3 million during the same period last year.  This was due to a big drop off in demand during June and July.  
In contrast, Gold Eagle sales declined a staggering 376,825 ounces (55%) from 683,325 oz in 2013 to 306,500 oz year to date.

Top 5 Official Silver Coin Sales 2013In 2013, the top 5 official silver coin sales topped 98 million oz.
The U.S. mint came in first place by selling 42.6 million Silver Eagles, while Canadian Maples came in second at 28.2 million oz followed by 14.5 million Philharmonics, 8 million (est) Silver Pandas and 5.3 million in Australian Kookaburra’s, Koala’s and Lunar Silver Snake sales.
Total of the top 5 official silver coin sales were 98.7 million.  Again, these figures represent their top-selling official coins.  This does not include other silver bullion coin and numismatic sales.
Thus, the market purchased 27 times more official silver coins than official gold coins in 2013.
With a high ratio of 27 to 1 set last year, 2014 may break that record in flying colors.  So far this year, the U.S. Mint has sold 19.8 million Silver Eagles compared to 193,000 oz of Gold eagles.  This is a 102 to 1 ratio.