In mid-December, the US Mint announced the suspension of Silver Eagle sales for 3 weeks, as they shut down ASE sales early for 2012, and announced that sales of 2013 Silver Eagles would begin on 1/7/2013.

For the first week of 2013 the mint’s 2013 silver sales totals remained at 0 with production halted, but that changed quickly Monday, as the US Mint announced 3.937 million Silver Eagles were sold in a single day on Monday 1/7!

 

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2013 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 3,937,000
3,937,000
Total 3,937,000
3,937,000

 

Monday’s 4 million ounce sales total is nearly 2/3rd of the entire January 2012 sales total of 6.1 million ounces!

 

2012 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 6,107,000
6,107,000

With 3 weeks remaining in the month, we could be looking at an all-time monthly sales record for Silver Eagles in January, surpassing January 2011′s total of 6.422 million ounces:

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

SD Bullion

  1. I knew the numbers were going to be big, but I would not have guessed 4 million silver eagles for 1 day. I understand there was pent up demand as none were sold for a few weeks, but that is an absolute mind numbing number of eagles to be sold for 1 business day or 12 hours of operation.
    It would be quite interesting to see the immediate change from a lax atmosphere in the end of December at the US Mint (other than the production) and then all of a sudden to organize all of the logistics and madness to ship 4 million ounces out the door.
    I know the seasonality of Eagles in January but it would be interesting to see how long these sales could keep up, considering there is some fodder for the fire as the debt ceiling is fast approaching.

  2. I Want Some!
    And I’m going to get a lot, too!
     
    No one should be shocked or anything, after a three week delay, that out of the gate there is a big sales number. Tell ya what I’m half expecting…..that dealers a week from now are going to be talking about how the product hasn’t arrived yet…… and the effect of that will be to push premiums up….and prices too!

  3. According to an article on Mineweb, the opening day sale of 3,937,000 oz of Silver Eagles is a NEW RECORD for the 1-day sales of this coin.  This number is 23% higher than the opening day sale in 2012, which was higher still than that of 2011.  So the trend in exponentially higher purchases of Silver coins by the general public is clearly evident.

     
    However, the shocker is this: The opening day sale for Gold Eagles amounted to a dollar value of $82 Million (50,000 oz), while the opening day sale for Silver Eagles was a shocking $118 Million (3,937,000 oz)!  So, Eric Sprott has been right all along, and people are putting as much, if not more, money into Silver as they are into Gold, and the price ratio is still an incredibly cheap 55:1 for Silver.  Amazing.

    • I don’t totally disagree with you, but the fact that silver eagles have been unavailable for a week or 2 IMO was partially responsible for some pent up demand.
       
      Sprott is right and that is verifiable by using the mint’s own data.
       
      We can add this up with the other pile of data which indicates silver should be 10 times more expensive as it is already. But sadly it isn’t.
       

      http://www.rickackerman.com/2013/01/fed-is-the-banking-system%E2%80%99s-colostomy-bag/

       
      here you have rick ackerman saying that we could have bullion prices in “purgatory for months.” Flies in the face of imminent explosions. I hope he’s wrong.

  4. That’s my point the(Silver) Ratio 55-1 to Gold,ridiculous,Now that the Industrial Demand has skyrocket in the last decade and Now personal investments.plus continued manipulation by certain luciferians  are causing more of a demand creates a Perfect Storm on the Rise.

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