U.S. Mint Sold 1,530,000 American Silver Eagles in August.
August American Silver Eagle sales were the best August total since 2015’s sales of 4,935,000.
August 2018 American Silver Eagle sales rose 72.9% from July 2018 sales of 885,000.
August sales of American Silver Eagles were up 49.2% from August 2017 sales of 1,025,000.
American Silver Eagle Sales Rose 49% in August Year Over Year
The U.S. Mint sold 1,530,000 American Silver Eagles in August, up 49.2% from August 2017 sales of 1,025,000. August sales of American Silver Eagle coins were up 72.9% from July 2018 when the U.S Mint sold 885,000 Silver Eagle coins.
Through August 31, 2018, the U.S. Mint has reported selling 9,237,500 American Silver Eagles to Authorized Purchasers
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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.
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 2017 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 -2018
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