U.S. Mint May 2016 American Silver Eagle Sales Report.
Sales of American Silver Eagles Top Four Million for the Fifth Month in a Row.
American Silver Eagle Coin Sales at 23,413,000 in 2016 with 4,498,500 sold in May.
May 2016 American Eagle Sales Exceeded 2014’s May record by 510,000.
May 2016 sales of American Silver Eagles were 122% higher than May 2015 sales when the U.S. Mint sold 2,023,500 American Silver Eagles.
Through May 2016, sales of American Silver Eagles are 38% higher than 2015’s record sales pace.
U.S. Mint American Silver Eagle Sales
May American Silver Eagle Sales Set Monthly Record
The U.S Mint sold nearly 4.5 million one ounce American Silver Eagle coins (ASE’s) in May 2016. It was the fifth month in a row that the U.S. Mint sold over 4 million ASE’s, 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.
May 2016 sales of 4,498,500 ASE’s exceeded the annual ASE mintages of 1996 (3,466,000) 1997 (3,636,000) and 1999 (4,320,000) .
May sales of American Silver Eagles were the highest May total ever and follow record first quarter sales.
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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 have accelerated from that record pace.
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 May 2015, the U.S. Mint had sold 16,946,000 American Silver Eagles. Through May 2016, the U.S Mint has sold 23,413,000 American Silver Eagles, 6,467,000 or 38% more.
2016 American Eagle sales through May 2016 are already higher than entire year mintages from 1986-2008.
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 up result in a higher premium.
Premiums on American Silver Eagles have come down and levelled off since their dramatic rise during the Great Silver Shortage of 2015
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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 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 May 2016
Sales of one ounce American Silver Eagles to sales of one ounce American Gold Eagles – (23,413,000 ounces vs. 343,500 ounces) – 68.16:1
Sales of one ounce American Silver Eagles to sales of all American Gold Eagles and American Gold Buffalo coins (23,413,000 ounces vs. 525,000 ounces) – 44.60:1
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 May the price of silver retreated as did gold but the decline in silver was greater resulting in the gold silver ratio climbing back towards 80 to 1.
The gold silver ratio at the end of May was 75.45:1
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U.S. Mint sales data: usmint.gov
Further Reading:
US Mint Sales (monthly archive)
Canadian Mint Sales (quarterly and annual archives)
Perth Mint Sales (monthly archive)
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