U.S. Mint April 2016 American Silver Eagle Sales Report.
American Silver Eagle Coin Sales Top 18,914,500 in 2016 with 4,072,000 sold in April.
April 2016 American Eagle Sales Just 15,000 short of the April record set in 2013.
April 2016 sales of American Silver Eagles were 43% higher than April 2015 sales when the U.S. Mint sold 2,851,500 American Silver Eagles.
Year to date through April 2016, sales of American Silver Eagles are 27% higher than 2015’s record sales pace.
U.S. Mint American Silver Eagle Sales
April American Silver Eagle Sales
The U.S Mint sold over 4 million one ounce American Silver Eagle coins (ASE’s) in April 2016. It was the fourth month in a row that the U.S. Mint sold over 4 million ASE’s, the longest such streak in U.S. Mint history.
April 2016 sales of 4,072,000 ASE’s exceeded the annual ASE mintages of 1996 (3,466,000) and 1997 (3,636,000).
April sales of American Silver Eagles were the second best April total ever and follow record first quarter sales.
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 sales remain on that record pace.
At the end of April 2016, the U.S. Mint has sold 18,914,500 American Silver Eagles. 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 April 2015, the U.S. Mint had sold 14,922,500 American Silver Eagles. Through April 2016, the U.S Mint has sold 18,914,500 American Silver Eagles, nearly four million or 26.7% more.
2016 American Eagle sales so far are already higher than entire year mintages from 1986-2007.
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 charger and dealer market result in a higher premium.
Premiums on American Silver Eagles have come down since their dramatic rise during the Great Silver Shortage of 2015.
Compare American Silver Eagles for sale at:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
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.
American Silver Eagle sales set records in 2013-2015, while American Gold Eagle sales languished.
In April the U.S. Mint sold 4,072,000 American Silver Eagles and 93,0000 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 April 2016
Sales of one ounce American Silver Eagles to sales of one ounce American Gold Eagles – (18,914,500 ounces vs. 279,000 ounces) – 67.79:1
Sales of one ounce American Silver Eagles to sales of all American Gold Eagles including one, 1/2, 1/4 and 1/10 ounce coins) – (18,914,500 ounces vs. 351,000 ounces) – 53.89:1
Sales of one ounce American Silver Eagles to sales of all American Gold Eagles and American Gold Buffalo coins (18,914,500 ounces vs. 430,500 ounces) – 43.94:1
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.
The gold silver ratio at the end of April was 72:1
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U.S. Mint sales data: usmint.gov
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