Sales Of American Silver Eagle Coins Set Record in 2014

Sales of American Silver Eagles Set Record

American Silver Eagle coins sales top 2013 record of 42,675,000

Year to date sales of American Silver Eagle coins at 42,864,000

JM Bullion

How to Buy Silver

2014 American Silver Eagles Still Available

Update December 9, 2014: U.S. Mint sells 187,000 American Silver Eagles, bringing year to date total to 43,051,000

Update December 11, 2014: U.S. Mint sells 118,500 American Silver Eagles bringing year to date total to 43,169,500

Update December 12, 2014:
U.S. Mint sells 100,000 American Silver Eagles bringing year to date total to 43,269,500

Strong October, November and December sales of American Silver Eagle coins at the U.S. Mint help pass the sales record set in 2013.

The United States Mint announced that it sold 495,500 American Silver Eagles today. With today’s sales the total number of American Silver Eagles sold in 2014 is 42,864,000, passing the record of 42,675,000 set in 2013.

silver eagle sales at US Mint set record in 2014

Sales of American Silver Eagles set a record in 2014

In “Silver Supply and Demand,” we noted that higher silver demand was having a reverse impact on the price of silver. The price of silver has dropped steadily throughout 2013 and 2014, while silver demand has increased and supply decreased relative to demand.

The lower price of silver, however, in both years has produced record silver demand in each. In 2013, over all silver demand hit a record, led by a 76% increase in demand for silver coins and bars.

The current price of silver is now lower than the average price of silver in 1980*.

Silver Supply and Demand 1994-2014

silver demand is higher than silver supply

Silver demand continues to rise as the price of silver falls.

The low silver price has ignited sales. The gold silver ratio in December has been about 72:1 as illustrated below:

Illustration of the gold silver ratio

The gold silver ratio illustrated with seven one ounce American Silver Eagle coins, two 1/10 ounce silver rounds and one 1/10 ounce American Gold Eagle coin

Despite silver sales out pacing gold sales by a wide margin in 2014, the total dollar amount spent on gold coins is still greater than that spent on silver coins.

Chart showing dollar amount spent on silver and gold coins at the US mint in 2014

The total dollar amount of gold coins sold at the U.S. Mint in November was greater than the total dollar amount spent on silver coins.

*while gold and silver had been rising sharply at the end of the 1970’s due to double digit inflation, the price of silver got a boost from the Hunt Brothers who were purchasing massive amounts of silver in the small silver market. That two brothers could impact the price of silver highlights how small the silver market was (and still is) and how price sensitive it can be.

sales of american silver eagles set record chart

The U.S. Mint sold 43,505,000 American Silver Eagles in 2014.

Get Free Updates From

Subscribe to 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 to receive free gold and silver updates.

Learn More About the American Silver Gold and Platinum Eagle Coins

Further Reading:

U.S. Mint Press Release December 9, 2014

November Silver Sales at the U.S. Mint Head For Record

Gold Suppy and Demand

Silver Supply and Demand

Perth Mint silver sales soar in November

Silver demand hits record in 2013

Sales of American Silver Eagles set record in 2013

The Silver To Gold Sales Ratio (including links to updated monthly data)

Silver vs. The Dow

Silver vs. the Dollar

12 Ways Silver is Different Than Gold

Silver and Real Estate

The Importance of Gold to Nations and Individuals

Gold in India

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

Or you can support 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, Golden Eagle Coin, Perth and Royal Canadian Mint ads on the site.

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