US Mint Sells 8.2 Million Silver Eagles Over First 17 Days of 2013 Production!

2013 Silver EagleAfter selling an all-time monthly record of 7.498 million Silver Eagles in January, the US Mint has picked up right where it left off in February once it began reporting sales figures again, announcing nearly 3/4 of a million silver eagles were sold Monday. 

The Mint has now sold a whopping 8,173,500 silver eagles during a mere 17 business days in operation during 2013, nearly 25% of the entire annual sales for 2012 of 33 million

Got PHYZZ? 

2013 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 7,498,000
7,498,000
February 675,500
675,500
Total 8,173,500
8,173,500

The 8.2 million Silver Eagles sold during the mere 17 business days that the US Mint has been open in 2013 equal over 24% of the Mint’s entire 2012 sales of 33 million ounces!

 

2012 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 6,107,000
6,107,000
February 1,490,000
1,490,000
March 2,542,000
2,542,000
April 1,520,000
1,520,000
May 2,875,000
2,875,000
June 2,858,000
2,858,000
July 2,278,000
2,278,000
August 2,870,000
2,870,000
September 3,255,000
3,255,000
October 3,153,000
3,153,000
November 3,159,500
3,159,500
December 1,635,000
1,635,000
Total 33,742,500
33,742,500

The Mint has sold 150,000 ounces of Gold Eagles year to date, meaning the Mint continues to sell approximately 55 times the volume of silver to gold, while the 2012 silver to gold mining extraction ratio was approximately 9 to 1!

How much longer can the paper market shenanigans result in a market distortion of 1 to 1 ratios of investment dollars going into physical silver as well as gold without an eventual explosion of the silver price to the upside as free market forces take over?

2013 Gold Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
Half
( oz. / #coins )
Quarter
( oz. / #coins )
Tenth
( oz. / #coins )
Total
( oz. / #coins )
January 124,500
124,500
8,500
17,000
6,000
24,000
11,000
110,000
150,000
275,500
February 0
0
0
0
0
0
0
0
0
0
Total 124,500
124,500
8,500
17,000
6,000
24,000
11,000
110,000
150,000
275,500

Help add to the Mint’s 2013 Silver Eagles Sales Totals as
Eagles Are IN STOCK and As Low As $2.79 Over Spot at SDBullion.com!

2013 Silver Eagle

Comments

  1. I looks like January is the best month for ASE sales in the past. Probably people/dealers wanting the coins with the new date on them early. That might not be the case in 2013. We’ll see. My LCDs have almost nothing in stock. Yesterday all I could get was a few 90% dimes a couple of quarters and a couple of halfs. Just that cleaned him out of junk silver and it’s been that way since December!

    • Yep, same here.  Local dealers tell me that they have 5-6 buyers for every seller who comes in.  They get a few coins in and they usually are gone that same day.  Anyone who has any ASEs or Maples is getting a $5 premium on them.  I’m not buying them for that but the dealers say they can sell all they get at that price.  :-/
       

  2. Dealers are obviously expecting huge demand to ensue over the near future. That makes me curious to know what information they’re privy to, since present public demand isn’t justifying their storage. Could it be that dealers are … themselves … dumping THEIR paper and digits?

    • Could be, Pat.  That or they are being visited by Chinese gentlemen with LOTS of fiat in their pockets and a hunger for gold and silver.  Would not surprise me.
       

    • I agree with Ed_B. Most probable is additional demand from Asia (China, Japan). I think we will hear the news in a few weeks time.

  3. When all the dealers are selling Eagles like mad – that is the time to watch out below.
    For anybody here who feels they just HAVE to have some 2013 ASE’s, I would suggest waiting a few months for the premiums to come back down.

  4. Silver Stampede ! in progress as soon as some of the SILVER BULLS  yell  ‘your Paper Money& paper sliver/gold certs. are worthless’ LOUD enough ,people will panic !!!  do  the luciferians have a backup plan? only the Shadow knows

  5. Mammoth you hit it on the head, I won’t buy the AE’s right away, I hold off then buy later. When the spot price goes down there will be a convenient shortage by the dealers and their premiums will rise so they can still make a profit.
    Also I agree with you Pat, Why are they buying so much? as there is not that great of demand from the general public yet. Dealers and Sellers are only buying them to make a fiat profit from the stackers and they want to make sure they have their inventory.
    What does it take to buy from the Bullion Mint?
    I wish the mint would sell bullion AE’s to the general public but I guess that will never happen. Keep Stacking

    • As the shortage hits, they’re going to limit their ASE prodction to proof coins only?
      Remember how they changed the law text couple years ago?

    • Charlie, my very strong suspicion is that ‘greed’ is a true stacker’s strawman. Most of the human race (NOT self-absorbed Americans) are dramatically more aware that banknotes are in calamatous straits. The ‘accumulation phase’ of PMs has been a very long time apace now and the free float of tradable metal has GOT to be at its tightest in history (maybe at the advent of Rome’s demise, it might have been comparable), simply because ‘strong hands’ have morphed into a ‘death grip’. It’s an historically proven fact that as currency inflates, prices of the most desirable goods rise in coincidence. When silver was oscillating between 7 and 10, I had your (professed) outlook. Having watched so many ‘high premiums’ evaporate overnight (some within hours) along my pathway, I’ve since tossed that ‘banner’ in the ditch.

    • So true Pat, GREED IS THE ROOT OF ALL EVIL it will backfire on them eventually. Keep Stacking

  6. While certainly this probably is a good sign, one only need to look at the irrational exuberance in the stock market, or mark dice’s video of the murderer’s row of mongoloids with less than zero metals knowledge to see that the imminent lift off (which will come) may not be as nigh as well all hope. Looking to the top right of this site may as well reinforce that.
    The up side is the silver market is small. With respect to this run on eagles, my guess it it is a mix of bigger private money going into it, and existing stackers buying. Dealers have no reason to hoard this QUITE yet, and the idea that there are many many fresh average joes backing the truck up may be a stretch.. the snowball is gathering momentum, but who knows when things really break loose. I personally think we have a financial meltdown and a major paper sell off due, maybe that will finally decouple things.
    Lest any loud mouth question where my dollars go to die, I hopefully have a bunch of SBSS units showing up today, and here is a taste of what makes me happy. Sorry to be a realist.
     
     

    • Hi! CD I agree 100% IMO I don’t see the crash of the stock market helping the PM’s any (maybe a little bit)  but when the Derivatives Market crashes then watch out. Lol Keep Stacking

    • I think as always PM prices will hold better, and recover quicker, but at this point, when prices drop and margin calls happen, then the cartel piles on, we could see some blood in paper (not physical). This is why I’m happy to keep stacking, while being pissed off at the price action lmao..

    • Would hate to be considered as a “loudmouth” but since you showed us yours, I will show you mine.  Well, half of it anyway.  The other half was split between my CU SDB and my son’s safe:
       
       

  7. CDL  Your notes ring true to me.  The chances that the stock market will suffer a melt down after an irrational exuberance bout is pretty likely  Small money buyers and those seeking yield at any price are coming back in to the equities. There’s nothing in the 4Q earnings that says the market is worth its present price. 1Q and 2 Q will be wretched.  When the equities drop by 20-30%, knocking, that action will drop  the precious metals prices in a fear factor liquadation.  Paper and physical prices will separate to a degree not seen since Lehman and the 2008 price drop.  Dealers stacking ASE’s might leave them with a $5 drop in value just when they need to have capital on hand to buy any silver stocks available.  This is just one guess but irrational X is going to be factor soon enough if the shortage reality is real and sustained in this ASE market.

    • And yet, Uncle Ben is still pumping $85B into the banks each and every month.  Hey, $85B here and $85B there, pretty soon it adds up to real money!  Yes, indeed… and it WILL filter into the stock market and inflate stock prices and commodities as well.  Money can still be made in the market but keep those stops close… and don’t put your financial future in anyone’s hands but your own.  NO ONE cares as much about our money as we do.
       

  8. well ladies and MENTLEGEN… 72 less ounces for the paper pushing a$$holes to screw us with. MY order just came to the office.. AWESOME.. I got my brother and a co worker stacking and they got some with me. I have 2 more people who are starting as well.

    I now carry a slave queen on me at all times.
     
    Keep calm folks.. lmao.
     
     

    • Lol I carry My Debt and Death Medallion in my pocket. I have 2 rolls of the Slave On coming along with the Freedom Girl with a mixture of proofs. They are deadly slow on their shipping process.

  9. I’m not getting where all the concern over HOW MANY AEs are sold in X-number of days.  Those of you who are bewildered by this just fucking look around.  There are stackers like you (some MUCH BIGGER than you) that want to get the product BEFORE the PREMIUMS EXPLODE.  Oh, yes, there are a few out there that are looking for a date (2013), but those novices don’t matter they’re happy with one eagle.  The vast majority of buyers don’t give a rats ass about dates.  They want SILVER before the SHTF and they want a LOT of it because they realize time is of the essence.
    For those of you that have the mind-set that you’ll “hold off buying until the premium comes down” deserve EXACTLY what you will get…beads of perspiration building on your brow as you realize THE FUCKING PREMIUMS WERE A JOKE (at todays prices) and you are SCREWED because you’ll be paying HALF of the paper spot price in premiums.  Laugh at me if you will, but its coming.  Right now, a 3 or 4 buck premium is NOTHING compared with you will be paying.
    Those of you who don’t have all the silver you NEED already, well, you need to accelerate your silver intake…should have started earlier, or bought more.  If you started earlier you could be buying silver at 16-17 bucks per oz like I am now.  How?  I bought SAFES FULL at $4 thru $7 per oz. when the handwriting was on the wall and all you had to do is stop and read it! I can remember people laughing telling me I was crazy to bother with that “stuff”.  Yeah, right.  So now the average price I’m paying is factored from what I’ve already stacked.  I’m just happy to be able to buy silver TODAY…the hell with the price!

    • I like your style Silverrrrr !! Great post.
       

    • “ Laugh at me if you will, but its coming.”
       
      I would never laugh at a fellow stacker but relish laughing with them!  I agree that IT is coming but also know that no one knows WHEN that will be.  There is all manner of weird s**t happening these days and a lot of it distorts the market, making it 100% unpredictable.  Like everyone else, I have my guesses too but try to remain objective and rational about it all.  This is not an easy task!
       
      “Those of you who don’t have all the silver you NEED already, well, you need to accelerate your silver intake…should have started earlier, or bought more.”
       
      Which raises a fascinating (to me) question.  Just how much do I need?  How much does anyone need?  Is there some approximation for this that I have not seen?  Anything like X amount of ounces will be good for Y family members to get through Z years of a “typical” SHTF scenario?  I wish that there was but there does not seem to be any good info of that type available.  I have a guess on this as well and it is in the area of 500 oz. per person for a 3 year SHTF situation.  But, it is just that… a guess.  Anyone else guessing different?  Would love to know what others think of this.

    • @Ed_B … “Which raises a fascinating (to me) question. Just how much do I need? How much does anyone need? Is there some approximation for this that I have not seen?”
       
      I allude to this practicality all the time, Ed. When I urge folks to think in ounces, taking the historical labor valuation in rational juxtaposition against provisioning, all the data is there to do the simple calculation regardless of banknote distortion.
       
      Seeing as the value evolved to a (silver) Dollar average wage per day, relative to two day’s average sustenance … if one wants to retire from necessarily working for a period of twenty years, that’s 0.385 (0.77/2) ounces per day, or 2,810.5 ounces (0.385x365x20).
       
      So, for a married couple and two paid housekeepers to live frugally for twenty years, the total budget would be 11,242 ounces.

    • To answer the question “How much do I need?”, this is how I approach it.  We are nearing a ‘turning’ or what others would call a ‘winter’.  History, society, economics, it all cycles. The time frame is a decade that you need to cover. To ‘find your number’ think in terms of 7-10 years. Then split your stack between silver and gold. If you live in the U.S. stack gold and silver eagles, pre 1933 $20 gold, and junk silver.

      You’ll need others things, too, like God, Guns, Groceries, Gasoline, and a Gal.

      I know we’re proud of our phyzz stacks, but it’s like the first rule of ‘Fight Club’. You don’t talk about Fight Club. Meaning it’s not wise to post pictures. Too much information embedded in digital photographs. Right click and you open the geo tag. Plus it’s forever there in cyber- space. Don’t voluntarily give up your right to privacy by making a permanent record of your stack available to the digital universe.

    • “I allude to this practicality all the time, Ed. When I urge folks to think in ounces, taking the historical labor valuation in rational juxtaposition against provisioning, all the data is there to do the simple calculation regardless of banknote distortion.”
       
      Yes, Pat, I know that you do.  However, we would be entering uncharted territory and historical references may not mean a thing in this context.  I get the idea that it is pretty much all that we have to go by but am starving for more info to get a much better handle on this, if at all possible.
       
      “So, for a married couple and two paid housekeepers to live frugally for twenty years, the total budget would be 11,242 ounces.”
       
      YIKES!  That is likely to be about 5x more than I can manage.  Good think that the stack is not the sum total of what I would have to live on.  Am figuring to grow most of our own food via a huge garden, berries, grapes, fruit and nut trees, etc.  Will also have some chickens and rabbits and will hunt and fish.  Our stack will be used primarily for things other than food.  Barter will be good with neighbors and anyone else who has something good to trade.  Lots of variables to consider in all this.
       
      “The time frame is a decade that you need to cover.”

       
      While that seems a long time, it IS consistent with the Great Depression period of the 1930s.
       
      “You’ll need others things, too, like God, Guns, Groceries, Gasoline, and a Gal.”
       
      Absolutely.  Have a wife but a “gal” would be good too.  ;-)
       
      “ Right click and you open the geo tag.”

       
      LOL!  Appreciate the tip but my digi-cam is so old that geo tags were not even a gleam in an engineers’ eye when it was built… so no worries there.  Many of the newer ones do, though.  Fortunately, it can be shut off on most models.
       
      OK, consider this.  If one had $100,000 available to create a decent but not excessive stack, how should it be split among gold coins, junk silver, and ASEs or Maples?  So far, I only have silver in my stack and no gold at all.  Would like to have some gold but it is spendy stuff.  Yes, it could go higher and probably will but silver could well provide a greater gain in percentage terms.  Thoughts?
       

  10. @Ed_B    ” If one had $100,000 available to create a decent but not excessive stack, how should it be split among gold coins, junk silver, and ASEs or Maples?  So far, I only have silver in my stack and no gold at all.  Would like to have some gold but it is spendy stuff.  Yes, it could go higher and probably will but silver could well provide a greater gain in percentage terms.  Thoughts?”
     
    I can only tell you what I do.  I have significant assets to protect.  I put these assets in different buckets split between physical gold, physical silver, clear title real estate, mining equities and a silver royalty company, cash and a business for revenue creation.  I diversify among hard assets because who really knows how this will play out.  By value I keep 3X the gold over silver.  Silver gets cumbersome in large amounts.  And central banks are buying gold not silver.  I think silver will moon shot first, but the end game will be gold.   I stick with ASE’s, GSE’s, and $20 gold for potential tax reasons being that they are money and other bullion is not. 
     

     

  11. “I can only tell you what I do.”
     
    That was what I was hoping to hear.  People often ask me for investing advice but since I am not a registered investment adviser, I can only tell them what I do.  I appreciate the input.
     
    “I diversify among hard assets because who really knows how this will play out.”
     
    Indeed.  We do not and cannot know how this will all play out.  But I do like your plan… a lot.  Staying within the realm of hard assets, yet being well diversified at the same time looks to me to be the best way to proceed.  My choices are somewhat limited by the fact that a lot of my wealth is in IRAs, so all their good and not so good attributes are involved.  Then too, my sweetheart is also a consideration and she is only somewhat on-board with a lot of the things I do and want to do.  Some care must be exercised here as I appreciate and value her thoughts on these and other matters.
     
    “By value I keep 3X the gold over silver.”
     
    OK, that actually sounds pretty reasonable to me… 75% of the money to gold and 25% to silver.  I can work with that.
     
    “Silver gets cumbersome in large amounts.”
     
    Indeed it does.  My safe is getting pretty well stuffed with it and more is on the way.  But… there is no need for any SD “volunteers” to step forward and offer me any “free” storage!  lol
     
    “And central banks are buying gold not silver.”
     
    Yes, they are but gold and silver have been joined at the hip as monetary metals for thousands of years, so they tend to move in similar ways as to price.  This could change, though, and probably will thanks to the number of uses silver has in industry.
     
    “I think silver will moon shot first, but the end game will be gold.”
     
    I was thinking along similar lines, which made me wonder if it would not be best to have a lot of silver on hand and then swap 3/4 of it for gold when the G/S ratio drops to something more reasonable… say under 30:1?
     
    “I stick with ASE’s, GSE’s, and $20 gold for potential tax reasons being that they are money and other bullion is not.”
     
    Good choices, then.  Silver and gold Maples are also money under that definition, at least in Canada.  
     
    Speaking of taxes, does anyone know if swapping one PM for another is a taxable event?  If I were to swap silver for gold, for example, would the IRS see that as a taxable event?
     
     
     
     

  12. Ed B  Yes, trading silver for gold or vice versa is taxable  Gold and silver are regarded as different commodities.  Silver is industrial. Gold is bullion.  I trade some gold coins in mid 2011.  The trade COULD have been taxable but for two things.
    1.  My gold acquisition price was slightly higher by mabe $20-30 ounce than the trade.  I had a slight capital gain.
    2. The bullion dealer knew nothing of this but my CPA did and made it clear that there are rules regarding these trades.
    Doink  You could have knocked me over with a feather.  About a year ago I consulted with my CPA and posted the tax laws regarding precious metals. Suffice it to say, if your gold cost you less than the trade price  eg $1,100 buy and $1,600 trade, each ounce has gains of $500 an ounce. \
    The same applies to silver.  Buy price $10 and ounce, trade price $30 an ounce and you have $20 an ounce gain
    Dealers are rarely knowledgeable of this rule but one thing you really need to watch.  If the dealer tells you he needs to issue a 1099 on the down leg of the trade, such as gold and it results in a cap gain, you are on the hook with the IRS.  That gonna require some serious ‘splainin’ to do, Lucy.  Most of the time you will not be trading enough gold to register even if you hit the magic 20 ounces of non ASE gold or 1,000 ounces of ASE silver.
    The gold to silver ratio is so good right now I’d be trading gold for silver. My guess would be 2 times as much increase in sivler price over gold price in the next few years.

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