June 21, 2024

US Mint Sells Record 4.26 Million Silver Eagles in November

During November 2010, the United States Mint recorded sales of 4,260,000 American Silver Eagle bullion coins. This is significant since it represents the highest monthly sales total in the history of the program.

With the price of silver up more than 65% for the year to date, investment interest in “poor man’s gold” has been on the increase. This has had a big impact on silver bullion sales by world mints, as many prefer to invest in physical precious metals than exchange traded funds or other options.

The previous record for monthly Silver Eagle sales dates back to December 1986 when 3,696,000 of the one ounce silver bullion coins were sold. This had represented the first full month that the coins were available for purchase from the Mint, and reflected the high initial demand for America’s first silver bullion investment product.

In later years, sales of the American Silver Eagle declined, as the price of silver languished. In 1996, bullion sales hit their low as only 3,466,000 coins were sold for the entire year, an amount eclipsed by the monthly sales level a decade earlier.

For the year to date, the US Mint has sold 32,890,500 ounces of silver bullion, which will mark a fresh annual high.

American Silver Eagle Monthly Sales

January 3,592,500
February 2,050,000
March 3,381,000
April 2,507,500
May 3,636,500
June 3,001,000
July 2,981,000
August 2,451,000
September 1,880,000
October 3,150,000
November 4,260,000
Total 32,890,500

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