Tuesday, September 20, 2011

US Silver Eagle Sales Pass 30 Million for 2011


US Silver Eagle sales have surpassed 30 million for 2011, and we're only half-way through September.
Total US Silver Eagle sales for 2010 set a record of 34.6 million ounces, and US eagle sales remain on pace for nearly 40 million ounces in 2011!

Any cartel raid back into the mid $30's will only increase sales (see January 2011's sales for exhibit A, and May's sales for exhibit B) as silver investors continue to scoop up eagles as fast as the US Mint can churn them out (with the San Francisco mint now online to help boost production)



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 3,679,500
3,679,500
September 1,279,500
1,279,500
Total 30,230,500
30,230,500