First Quarter 2016 Royal Canadian Mint Silver Sales Set Record

The Royal Canadian Mint Sells A Quarterly Record 10.6 Million Ounces of Silver in the First Quarter of 2016.

Silver sales were up 19.3% year over year in Q1 2016 from 8.9 million ounces in the same quarter in 2015.

First quarter 2016 silver sales higher than entire year mintages of 2004-2009.

Canadian Mint more than doubles its coin production in first quarter in preparation of “anticipated higher demand this summer”.

Buy Canadian Silver Maple Leaf Coins

The Royal Canadian Mint released its first quarter 2016 report this week.

The report showed that Royal Canadian Mint first quarter 2016 silver sales increased 19.3% year over year from the first quarter of 2015. (10.6 million ounces vs. 8.9 million ounces)

First quarter 2016 silver sales topped the quarterly silver sales record at the Royal Canadian Mint of 9.5 million ounces set in the third quarter of 2015.

Silver Sales at the Royal Canadian Mint in the 1st Quarter 2016

Sales of Canadian Silver Maple Leaf coins and bars set a record in 2015 with 34,300,000 ounces sold, an increase of 5,200,000 ounces, or 18% from 2014’s then record sales.

With a record first quarter already booked, the Royal Canadian Mint is anticipating another record year for silver sales. Silver sales at the Royal Canadian Mint in 2015, while a record, were curbed by a lack of products to sell as Canadian Silver Maple Leaf coins and ten ounce silver bars were sold out for a few months during the year.

The Royal Canadian Mint noted in its quarterly report: “Sales of silver bullion have been driven for several quarters by demand that exceeds supply in North America and Europe.”

Royal Canadian Mint Ups Production

In order to avoid any shortage in 2016, the Canadian Mint noted in its first quarter report in reference to the Canadian Mint’s circuation coinage system:

“During the quarter, the Mint produced 138.4 million coins compared to 64.3 million in the first quarter of 2015. The increased production is to rebuild inventories to target levels, for higher demand anticipated over the summer and holidays later in the year. The efficient management of the coinage system that ensures no shortages of coins is achieved.

It seems the Canadian Mint is acutely aware of the issues that shortages create and we would imagine that they are also better prepared for increased silver bullion demand in 2016.

Canadian Mint Silver Sales

royal canadian Mint silver sales 2004-2016

First Quarter Royal Canadian Mint sales were higher than 2009’s then record sales of 9.7 million.

Sign Up For Smaulgld.com Updates Here!

Canadian Silver Maple Leaf

Description: Obverse: Picture of of Queen Elizabeth II of England
Reverse: Depiction of a Maple Leaf “CANADA” “Fine Silver 1 oz Argent Pur”
Composition/Weight: 1 ounce/.9999 fine silver; ridged edge
Face value: $5
Designer: Susanna Blunt
Mint Location: Ottawa, Canada
Years Minted: 1988-present

Buy Canadian Silver Maple Leaf Coins

Compare Pricing and Shipping on Canadian Silver Maple Leaf Coins

Compare Canadian Silver Maple Leaf coins for sale at these online bullion dealers:

BGASC.com
Golden Eagle Coin
JM Bullion
Money Metals Exchange

See also First Quarter 2016 Royal Canadian Mint Gold Sales

If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.

Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.






Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.

Further Reading:

Canadian Mint Sales (quarterly and annual archives)

US Mint Sales (monthly archive)

Perth Mint Sales (monthly archive)

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.


You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM Bullion, BGASC, Bullion Vault, Gold Broker, Golden Eagle Coin, GoldMoney, Money Metals Exchange, SD Bullion, Perth and Royal Canadian Mint ads on the site.


Browse Silver Coins on Amazon

Buy Silver Austrian Philharmonic Coins

Browse Collectible Coins on Amazon

DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation