January American Silver Eagle Sales Top Five Million For Third Year in a Row.
U.S. Mint Sells 5,127,500 American Silver Eagles in January.
Sales of American Silver Eagle Coins in January 2017 Were the Sixth Highest January Total in the Coin’s History.
American Silver Eagle front
The U.S. Mint sold 5,127,500 American Silver Eagles in January. January 2017 sales of American Silver Eagle coins were down 13.5% from January 2016, when the U.S Mint sold 5,926,500 Silver Eagle coins.
The largest sales ever recorded in January were in 2013 when 7,498,000 American Silver Eagles were sold.
The U.S. Mint sold 5,127,500 American Silver Eagles in January 2017.
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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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Golden Eagle Coins
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In 2016, sales of American Silver Eagles fell 20% from record sales of 47,000,000 in 2015.
American Silver Eagle Mintages – 1986-2016
The U.S. Mint sold a record 47,000,000 American Silver Eagle coins in 2015
The Gold Silver Ratio
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 the year 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 2008 -2016
The silver to gold sales ratio in January 2017 was 59.28 to 1.
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