- Bull Market in Gold Not Over But Speculators Turn Bearish
- Coin Submission Success Strategies
- Stronger Dollar Makes Gold Rally Difficult, Chinese Buyers On the Sidelines
Polls
Loading ...Blogroll
- ANA
- CCE/FACTS
- Chinese Coin News
- Coin Update
- Coinnet. We are WI78. A dealer to dealer nationwide network.
- Coinwebsites.Com
- Follow us on Facebook.
- ICTA-Precious Metals Trade Group
- J&T Coins LLC Website
- Oconomowoc Chamber of Commerce
- Visit Waukesha County
Categories
Daily Popular
- The Coin Analyst: The Explosion in Gold Prices and the Gold Coin Market (3)
- Red Spots on coins…very good article (2)
- J&T Coins LLC selling 2011 1 oz Silver Canadian Wolfs (2)
- J&T Coins LLC selling 2012 Chinese Gold & Silver Lunar Dragons (2)
- J&T Coins LLC Now Selling 2011 1 oz Silver Canadian Grizzly (2)
- Walking Liberty Half-Dollars – A Brief History (1)
- Morgan Dollars and the Pittman Act of 1918 (1)
- Robbery & Murder in Louisiana Gold Coin Case. (1)
- Gold Shipwreck Bar Valued at $550,000 Stolen from Mel Fisher Museum (1)
- WHY CHINESE CASH COINS HAVE SQUARE HOLES (1)
- Rhodium prices could rise substantially during 2010 (1)
- 2012 Proof Silver Eagle (1)
- NGC Offers New Label For TOP 50 Most Popular Modern Coins (1)
- Chinese Gold & Silver Panda Price Guides (1)
- Popular posts by Top 10 plugin
Silver Eagle Bullion Sales Break Records
While collectors have recently focused on the collectible proof version of the coin, the American Silver Eagle bullion coins have been breaking records.
The annual sales total for the one ounce silver bullion coins has now reached 32,790,500 based on the latest figures posted on the US Mint’s website. With another month of sales left to go, this will beat the previous record sales of 28,766,500 reached in 2009 by a comfortable margin.
This will be the third year in a row that a new annual record sales total has been set. The sales for 2008 had reached 19,583,500, which at the time beat the previous high of 10,475,500 set in 2002.
1986-2010 Silver Eagle Bullion Coin Sales
| 1986 | 5,096,000 |
| 1987 | 9,420,000 |
| 1988 | 5,869,000 |
| 1989 | 6,166,000 |
| 1990 | 7,247,000 |
| 1991 | 6,952,000 |
| 1992 | 5,544,000 |
| 1993 | 5,890,000 |
| 1994 | 5,540,500 |
| 1995 | 4,590,000 |
| 1996 | 3,466,000 |
| 1997 | 3,636,000 |
| 1998 | 4,320,000 |
| 1999 | 9,008,500 |
| 2000 | 9,133,000 |
| 2001 | 8,827,500 |
| 2002 | 10,475,500 |
| 2003 | 9,153,500 |
| 2004 | 9,617,000 |
| 2005 | 8,405,000 |
| 2006 | 10,021,000 |
| 2007 | 9,887,000 |
| 2008 | 19,583,500 |
| 2009 | 28,766,500 |
| 2010 | 32,790,500* |
*through November 30, 2010
The Silver Eagles sales total for November 2010 will set a record for the highest monthly sales at 4,160,000 ounces. This breaks the previous high of 3,636,500 just set this May.
This monthly sales for November 2010 actually exceed the total annual sales for two years of the program. In 1996 and 1997, sales had reached only 3,466,000 and 3,636,000, respectively.
Silver Eagle 2010 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 | 4,160,000 |
| December | - |
| Total | 32,790,500 |
To the US Mint’s credit, the recent surge in silver bullion sales has not yet resulted in a suspension or reimplementation of the allocation program (a.k.a.) rationing. American Silver Eagle bullion coins were last subject to allocation at the authorized purchaser level from December 2009 to mid-September 2010.
