Thursday, January 12, 2012

US Mint Silver Eagles Sales Reach 4.6 Million Ounces for January

United States Mint logo On Monday, we advised that US Mint Silver Eagle sales had reached 3.957 million oz for the first week of 2012- and 800,000 ounces over the last 4 business days of the week- for a sales pace of 200,000 ounces/ day.  Tuesday, the total had reached 4.257 million ounces, a jump of 300,000 ounces overnight. We projected at that pace, Silver Eagle sales for January would hit 9 million ounces.
The Mint tonight updated their January sales totals to 4,597,000 ounces sold, another 300,000 ounce increase since Tuesday.  Clearly demand for Silver Eagles is continuing at a torrid pace.

2012 Silver Sales Totals (in ounces / number of coins)
Month One
( oz. / #coins )
January 4,597,000
Total 4,597,000