Silver and Gold Sales at the U.S. Mint September 2014
Silver and Gold Sales at the U.S. Mint Soar in September.
Silver Sales Double and Gold Sales Rise nearly 2.5 Fold at the U.S. Mint in September
Silver and Gold Sales at the U.S. Mint Soar in September.
Update October 1: U.S. Mint Sells 1,150,000 American Silver Eagles on October 1
Update October 2: U.S. Mint Sells 500,000 American Silver Eagles on October 2.
Gold and Silver Sales Rebound Sharply at The U.S. Mint in September
Drop in Price Attracts Bargain Hunters
Sales of American Silver Eagles Top 4 Million
Sales of American Gold Eagles Top 50,000
September Silver Eagle sales up 104% from August; up 37% from September 2013
September Gold Eagle sales up 140% from August up; up 494% from September 2013
One ounce Silver Eagles outsell one ounce Gold Eagles 81.98 to 1 at the U.S. Mint in September, down from 95 to 1 in August.
U.S. Mint sells 4,140,000 one ounce Silver Eagles and 50,500 one ounce Gold Eagles in September.
The Gold/Silver Price Ratio was 66.89 to 1 in September vs. 66.21 to 1 in August. (see chart below)
Year to date sales of one ounce American Silver Eagles down 10.6% from last year’s record pace (32,251,000 vs. 36,088,000).
Year to date sales of one ounce American Gold Eagles down 51% from last year (296,000 vs. 604,000).
Total September 2014 Gold Bullion Sales at the U.S. Mint: 72,500 ounces, including 43,000 fractional ounce gold Eagles (totaling 7,500 ounces) and 14,500 24K one ounce Buffalo gold coins*.
Total September 2014 Silver Bullion Sales at the U.S. Mint: 4,189,000**.
The Silver to Gold Sales Ratio
Last year we started tracking the silver to gold sales ratio as measured by the sales of physical gold bullion vs. sales of physical silver bullion at the U.S. Mint. We track the sales of one ounce American Gold Eagles vs. one ounce American Silver Eagles.
We now provide this data from 2008 through September 2014 and compare it to the gold/silver ratio that measures how many ounces of silver it takes to purchase one ounce of gold.
Below are the 2008-2013 U.S. Mint one ounce Gold and Silver Eagles sales in number of ounces and total dollars:
The September 2014 Silver to Gold Sales Ratio: 81.98/1
In September the U.S. Mint sold 4,140,000 one ounce Silver Eagles up from 2,007,500 Silver Eagles sold in August and up from 3,013,000 Silver Eagles sold in September 2013.
In September, the U.S. Mint sold 50,500 one ounce Gold Eagles up from 21,000 sold in August and up from 8,500 Gold Eagles sold in September 2013.
The ratio of one ounce Silver Eagles sold to one ounce Gold Eagles sold in September 2014 was 81.98 to 1 compared to 95 to 1 in August 2014 and 354.47 to 1 in September 2013.
In September, the U.S. Mint sold approximately $77.5 million worth of silver, including one ounce Silver Eagles and five ounce America the Beautiful silver coins**) The Mint sold approximately $62.5 million worth of one ounce Gold Eagles. The total value of physical gold bullion sold at the U.S. Mint in September, including sales of one ounce and fractional ounce Gold Eagles and one ounce Gold Buffalo coins, was approximately $89.8 million.
Gold out sold silver in dollar terms in September 2014
On September 30, 2014 at 5:15 PM EST:
Silver was $16.97 per ounce
Silver Price Average in September $18.49
Silver Price Average in August $19.80
Silver Price Average in July $20.92
Silver Price Average in June: $19.78
Silver Price Average in May: $19.36
Silver Price Average in April:19.71
Silver Price Average in March: $20.74
Silver Price Average in February: $20.83
Silver Price Average in January: $19.91
Silver Price Average in 2013: $23.79
Silver Price Average in 2014: $20.05
Gold was $1208.70 per ounce
Gold Price Average in September $1238.82
Gold Price Average in August $1295.99
Gold Price Average in July $1310.97
Gold Price Average in June: $1279.10
Gold Price Average in May: $1287.53
Gold Price Average in April: 1299.00
Gold Price Average in March: $1336.08
Gold Price Average in February: $1300.97
Gold Price Average in January: $1244.80
Gold Price Average in 2013: $1412.05
Gold Price Average in 2014:1290.70
September Gold/Silver Ratio: 66.89/1
2013 Gold Silver Ratio: 59.25/1
Sources: Kitco and United States Mint
The gold silver ratio continued to climb in September
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Gold and Silver Charts Courtesy of Nick Laird – the Gold Standard in Precious Metals Charts
*In September 2014, the U.S. Mint also sold: 5,000 one half ounce gold American Eagle coins, 8,000 one quarter ounce gold American Eagle coins and 30,000 one tenth ounce gold American Eagle coins (a total of 7,500 ounces in fractional gold Eagles coins) Including the 50,500 one ounce gold American Eagle coins, the Mint sold 58,000 ounces of gold American Eagle coins and 14,500 one ounce Gold Buffalo coins for a total of 72,500 ounces of gold sold.
** The U.S. Mint also reported sales figures for their popular silver American the Beautiful five ounce coins. They reported selling 3,500 additional sales of the five ounce Great Smoky Mountain coins (total of GSM coins sold this year is 33,000).
America The Beautiful Silver Coin Sales Update:
The Mint also reported sales of 1000 Shenandoah National Park coins (the total SNP coins sold this year is 21,500). The U.S. Mint reported selling an additional 800 five ounce Arches National Park coins (bringing the total of ANP coins sold this year to 22,000). The U.S. Mint released the Great Sand Dunes National Park in August and sold another 4,500 of them in September (bringing the total of GSD coins sold this year to 12,000). Total ounces sold in September attributed to the sales of America the Beautiful coins was 31,500 (6,300 five ounce coins sold).
In 2014, the total ounces of silver sold to date from silver America the Beautiful five ounce coins is 442,500 (88,500 five ounce coins sold).
In 2013, the U.S. Mint sold 160,000 silver America the Beautiful five ounce coins for a total of 800,000 ounces sold.
Further Reading:
US Mint Sales (monthly archive)
Perth Mint Gold Sales Soar in September
Gold and Silver Price Manipulation – Suspected
Gold and Silver Manipulation – Actual
German Bullion Dealers Report Strong Increase in Sales in September
550 Million Ounces of Silver Were Used in 1964 to Produce Coins for Everyday Use
Perth Mint 2014 sales through June
Perth Mint Sales Rise in August
Perth Mint Sales Drop May-July 2014
Australia’s Perth Mint Gold and Silver Sales By Month July 2012- February 2014
Austrian Mint Runs Overtime to Meet Demand
2014 Silver and Gold Predictions
Sales of America the Beautiful Quarters Silver Proof Sets Off to Slow Start in 2014
Perth Mint Gold and Silver Sales Rise in January
Mexico to Tax Silver and Gold Miners
The Gold Silver Ratio vs. The Silver to Gold Sales Ratio
The West Sells Paper Gold While the East Buys Physical Gold
The Price of Silver & Real Estate
Buying Physical Gold and Silver
Twelve Ways Silver is Different Than Gold
Is a Gold and Silver Supply and Demand Price Adjustment Coming?
High Sales of Silver at the U.S., Canadian and Australian Mints in 2013
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