US Mint Silver Eagle Sales for First 8 Months of 2011 Equal ENTIRE Sales for ’05-’07 COMBINED

August 29, 2011 By 12 Comments

With 4 days left in August, US Mint Silver Eagle sales are nearing the 3 million mark for the 5th month in 2011.

The US Mint has now sold  28,201,000 Silver Eagles to date this year, on pace to total 42.95 million for 2011!!

To put this number in perspective, US Silver Eagle sales through the first 8 months of 2011 are greater than the entire USSE sales for 2005, 2006, and 2007 COMBINED!!


2011 Silver Eagle sales are on pace to surpass 2010′s all time record of 34 million ounces by nearly 25%!

2011 Silver Sales Totals (in ounces / number of coins)
Month One
( oz. / #coins )
January 6,422,000
6,422,000
February 3,240,000
3,240,000
March 2,767,000
2,767,000
April 2,819,000
2,819,000
May 3,653,500
3,653,500
June 3,402,000
3,402,000
July 2,968,000
2,968,000
August 2,929,500
2,929,500
Total 28,201,000
28,201,000

2010 Silver Sales Totals
(in ounces / number of coins)
Total 34,662,500

2009 Silver Sales Totals
(in ounces / number of coins)
Total 28,766,500

2008 Silver Sales Totals
(in ounces / number of coins)
Total 19,583,500

2007 Silver Sales Totals
(in ounces / number of coins)
Total 9,887,000


2006 Silver Sales Totals
(in ounces / number of coins)
Total 10,021,000


2005 Silver Sales Totals
(in ounces / number of coins)
Total 8,405,000


Check out these similar articles:

  1. US Silver Eagle Mint Sales Pass 25 Million for 2011
  2. Silver Eagle US Mint Sales Highest Ever Through May
  3. 2011 Silver Eagle Sales Nearing 23 Million
  4. US Mint to Start Selling 2011 Silver Eagle Proofs Again June 30th- For $59.95/oz!
  5. Could the US Mint Be Causing the COMEX Silver Decline?
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Comments

  1. Anonymous says:
    August 29, 2011 at 1:53 PM

    Wait till next month when the dollar index breaks below 72, you won't be able to buy any silver eagles

  2. James says:
    August 29, 2011 at 1:56 PM

    Yup, and part of the reason….

    http://news.silverseek.com/SilverSeek/1314227179.php

  3. Eric says:
    August 29, 2011 at 1:56 PM

    Buy high and sell low. Its the American way!

  4. Silvergood says:
    August 29, 2011 at 3:01 PM

    Where are they getting the silver to produce the coins? Why are we not seeing a greater price reflected from supply-demand?

  5. Tony says:
    August 29, 2011 at 4:23 PM

    Silver bugs gone WILD!

  6. Zy says:
    August 29, 2011 at 4:24 PM

    Silver Wolves!

  7. Robert says:
    August 29, 2011 at 4:24 PM

    On Schedule to sell almost 43 million ounces, WOW!!!

  8. Marc says:
    August 29, 2011 at 4:24 PM

    Lets do it again!

  9. Agent Blonde says:
    August 29, 2011 at 4:30 PM

    Doc, maybe we should start giving things their correct name.

    The 'official' silver price is NOT the price of silver. It is the price of 'paper silver' (only backed by silver on a 100 to 1 ratio). The REAL price of silver is given by direct sales of physical silver. Recorded REAL prices are mostly on e-bay.

    So what if you show both prices when posting graphs? It would be interesting.

    Thx!

  10. The Doc says:
    August 29, 2011 at 4:45 PM

    Agent Blonde- if you have a chart of ebay sales prices that are priced in a constant form of silver (US eagles for example) we would be glad to post it.
    We do occassionaly post updates on the ebay price of silver. We checked this morning and Eagles were selling for ~$45-$46 on ebay.

    -Doc

  11. Agent Blonde says:
    August 29, 2011 at 4:52 PM

    No I don't. And I guess this information should be extracted manually. But knowing that Eagles are $5 over the paper price is good news. Maybe we could keep track of this from time to time.

  12. Anonymous says:
    August 29, 2011 at 5:37 PM

    Fifty million oz next year? Crazy thing is that silver is four times as expensive as it was in 05!

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