Yesterday 10/3, the US Mint sold a whopping 737,000 Silver Eagle 1 oz coins in a single day!To put this number in perspective, in Dec of 2010 with silver in the mid $20's, the US Mint sold a total of 1,772,000 Silver Eagles FOR THE ENTIRE MONTH OF DECEMBER! Yesterday, on 10/3, with the spot price of silver approximately $31/oz, the US Mint sold 737k Eagles, or 42% of sales for ALL of December 2010!
Sales totals for September are now in as well, at a massive 4,460,500 ounces for the month, the highest monthly sales total since January 2011 (during a massive take-down...seeing the connection here?) by nearly 50%!!
If yesterday's sales pace is continued throughout the rest of 2011 (not to mention the increase we would see with any further sell-off), the US Mint Silver Eagle sales would be nearly 50 Million ounces for the LAST QUARTER OF 2011!
In 2010, the US Mint sold a record 34.662 Million Silver Eagle 1 oz coins.
You sure you want to challenge $20 Blythe?
What will daily Silver Eagle sales look like then? 1 M oz? 2 M oz? 5 M oz?
| 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 | 4,460,500 4,460,500 |
| October | 737,000 737,000 |
| Total | 34,148,500 34,148,500 |
US Mint Silver Stats
