U.S. Mint June 2016 American Silver Eagle Sales Report.
Sales of American Silver Eagles in June Fall Below Four Million a Month For the First Time This Year.
American Silver Eagle Coin Sales at 26,250,500 in 2016 year to date with 2,837,500 sold in June.
Through June 2016, sales of American Silver Eagles are 21% higher than 2015’s record sales pace.
U.S. Mint American Silver Eagle June Sales
The U.S Mint sold nearly three million one ounce American Silver Eagle coins (ASE’s) in June 2016. It was the first month this year that the U.S. Mint did not sell at least 4 million ASE’s, breaking the longest such streak in U.S. Mint history. The U.S. Mint has rationed ASE sales all year to its Authorized Purchasers at approximately one million a week. Sales have remained at an elevated level after surging in June 2015.
June 2016 sales of 2,837,500 ASE’s while the lowest monthly total in 2016, were about 82% of the 1996 annual ASE mintage of 3,466,000..
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Record Sales Pace of American Silver Eagles Continues
After setting a sales record for the most American Silver Eagle coins sold in a quarter from January – March 2016, April and May sales accelerated from that record pace. June sales of ASE cooled slightly. The 2,837,500 ASE’s sold in June were down 41% from the 4,940,000 ASEs sold in June 2015.
In 2015, sales of American Silver Eagles set a record for the third year in a row. Total American Silver Eagle sales in 2015 were 47,000,000.
Through June 2015, the U.S. Mint had sold 21,786,000 American Silver Eagles. Through June 2016, the U.S Mint has sold 26,250,000 American Silver Eagles, 4,464,500 or 20.5%% more.
American Silver Eagle Premiums
American Silver Eagle premiums have fallen as the price of silver has risen. The U.S. Mint charges $2 per coin to its Authorized Purchasers no matter the price of silver, so a lower silver price means the U.S. Mint fabrication charge and dealer mark ups result in a higher premium. All things equal, a higher price, lowers the premium percentage.
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Compare American Silver Eagles for sale at:
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The Silver To Gold Sales Ratio
Sales of silver have been proportionally far higher than sales of gold coins at the U.S. Mint in recent years. That trend continues in 2016 but is becoming less pronounced. The silver to gold sales ratio in 2014 was over 100:1 in 2014 and in 2015 it was 75:1. American Silver Eagle sales are on record pace in 2016, but American Gold Eagle sales are also increasing, resulting in a lower silver to gold sales ratio.
In June, the U.S. Mint sold 2,837,500 American Silver Eagles and 62,500 one ounce American Gold Eagles for a silver to gold sales ratio of 45.4 to 1
In May, the U.S. Mint sold 4,498,500 American Silver Eagles and 64,500 one ounce American Gold Eagles for a silver to gold sales ratio of 69.74 to 1.
In April, the U.S. Mint sold 4,072,000 American Silver Eagles and 93,000 one ounce American Gold Eagles for a silver to gold sales ratio of 43.78 to 1.
Click here to see U.S. Mint April 2016 American Gold Eagle sales
Through June 2016
Sales of one ounce American Silver Eagles to sales of one ounce American Gold Eagles – (26,250,500 ounces vs. 406,000 ounces) – 64.66:1
Sales of one ounce American Silver Eagles to sales of all American Gold Eagles and American Gold Buffalo coins (26,250,500 ounces vs. 613,500 ounces) – 42.79:1
Gold Silver Ratio
Gold was the best performing asset of the first quarter of 2016, rising over 15%. Silver was the second best performer rising over 10%. In April, silver has tacked on further gains, surpassing gold as 2016’s best performing asset. As a result the gold silver ratio has fallen from an all time high of over 80 to 1 to closer to 70:1. In June the price of silver rose as did gold but the rise in silver was greater resulting in the gold silver ratio falling towards 70 to 1.
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