U.S. Mint Sold 385,000 American Silver Eagles in November.
American Silver Eagle sales at Eleven Year Low
November American Silver Eagle Sales Drop 63% from October Sales of 1,040,000.
Sales of American Silver Eagles fell 87% from 3,061,000 sold in November 2016.
November 2017 sales of American Silver Eagles were lowest November sales since November 2006.
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American Silver Eagle Sales Fall 87% in November
The U.S. Mint sold 385,000 American Silver Eagles in November, down 87% from November 2016 sales of 3,061,000. November sales of 385,000 American Silver Eagle coins were down 63% from October 2017 when the U.S Mint sold 1,040,000 Silver Eagle coins.
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American Silver Eagle
Description:Obverse: The front of the coin shows a walking lady liberty, the year of mintage and the words “LIBERTY” “IN GOD WE TRUST”
Reverse: the back of the coin shows an eagle with the words “1 oz. FINE SILVER – ONE DOLLAR” “UNITED STATES OF AMERICA”
Composition/Weight: 1 oz. pure silver (.9993 silver .0007 copper)
Designers: Adolph A. Weinman (obverse) John Mercanti (reverse)
Face Value: $1
Mint Locations: Philadelphia, Pennsylvania, San Francisco, California and West Point, New York Years Minted: 1986 – present
The United States Mint produces the American Silver Eagle coin from mints in Philadelphia, Denver and San Francisco. The American Silver Eagle is by far the most recognized government produced silver coin and has sold over 350 million since production began in 1986 through 2016.
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In 2016, sales of American Silver Eagles fell 20% from record sales of 47,000,000 in 2015.
American Silver Eagle Mintages – 1986-2017
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 continued in 2016 and was becoming less pronounced. With the drop off in silver sales in July and August and the firming gold sales the silver to gold sales ratio has fallen. 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 were on record pace in 2016 but fell sharply in July and August, while American Gold Eagle sales increased, resulting in a lower silver to gold sales ratio.
Sales of American Silver Eagles in the second half of the year were 56% lower than in the half of 2016. (26,250,500 ASE sold in the first half of 2016 vs 11,451,000 sold in the second half) Conversely, sales of one ounce American Gold Eagles were consistently strong all through 2016. (406,000 sold in the first half of 2016 vs. 411,500 sold in the second half).
Silver To Gold Sales Ratio 1986 -2017
The silver to gold sales ratio in January 2017 was 59.28 to 1.
The silver to gold sales ratio in February 2017 was 57.86 to 1.
The silver to gold sales ratio in March 2017 was 100.94 to 1.
The silver to gold sales ratio in April 2017 was 238 to 1
The silver to gold sales ratio in May 2017 was 245 to 1
The silver to gold sales ratio in June 2017 was 246.5 to 1
The silver to gold sales ratio in July 2017 was 181.6 to 1
The silver to gold sales ratio in August 2017 was 157.7.6 to 1
The silver to gold sales ratio in September 2017 was 40.625 to 1
The silver to gold sales ratio in October 2017 was 94.5 to 1
The silver to gold sales ratio in November 2017 was 40.5.5 to 1
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