American Silver Eagle Sales Hits All Time Record
[heading]American Silver Eagle Sales Hits All Time Record[/heading]
On Tuesday silver prices were dragged down to $20.60, leading many precious metals investors to wonder where their complex would head next. The only metal which showed any strength was platinum. The soft prices in 2013 for silver did not stifle demand, as sales of the American Silver Eagle one-ounce bullion coin hit an annual record Tuesday.
The total sales to date as of Tuesday, November 12, 2013, were 40.175 million ounces, according to the Mint.
The previous annual record was set in 2011 at 39.869 million ounces.
Top Five Years for US Mint Silver Eagle Sales
Rank Year Sales Total
1 2013 40,175,000*
2 2011 39,868,500
3 2010 34,662,500
4 2012 33,742,500
5 2009 28,766,500
*Indicates sales through November 12, 2013.
American Silver Eagle sales have been high all year, as, of the top twenty Silver Eagle sales months since 1986 when the coin debuted, eight happened in 2013. Silver Eagles sales were in excess of 3 million each month this year. Only one month in 2009 reached that mark.
In January 2013 the U.S. Mint registered sales of 7,498,000 ounces, the all-time monthly high.
Silver prices fell to their lowest level since early August on Tuesday, as December silver closed at $20.78 an ounce, down 50 cents for the day – that is, 2.4%. Silver prices have lost over 30% year-to-date.