Silver and Gold Sales at the U.S. Mint in January 2015
January sales of 5,530,000 American Silver Eagles were the fourth largest January total ever.
Sales of one ounce American Gold Eagle sales were a modest 51,500 in January.
U.S. Mint Sells 107.38 times more American Silver Eagles than one ounce American Gold Eagles in January.
January 2015 Silver Sales at the U.S. Mint
U.S. Mint Sells 5,530,000 American Silver Eagles in January 2015
January 2015 American Silver Eagle sales up 16% from January 2014. (5,530,000 vs. 4,775,000)
Sales of American Silver Eagles in January 2015 were the fourth largest ever.
January 2015 Gold Sales at the U.S. Mint
U.S. Mint sells 51,500 one ounce American Gold Eagles in January 2015
January 2015 sales of American Gold Eagles Fall 17.6% from January 2014 (51,500 vs. 62,500)
Sales of one ounce American Gold Eagles in January 2015 were the lowest since 2008.
The Gold Silver Ratio January 2015
The January 2015 Gold Silver Ratio: 75 to 1
The December 2014 Gold Silver Ratio: 74 to 1
Chart showing how many ounces of silver it takes to buy one ounce of gold – January 2015:
The gold silver ratio remained elevated in January.
2014 Gold Silver Ratio
The gold silver ratio 2014 rose from 61 to 1 to 75 to 1
Click here for the live gold silver ratio and for historic gold silver ratio charts.
The Silver to Gold Sales Ratio
The January 2015 Silver To Gold Sales Ratio 107.38 to 1
The December 2014 Silver To Gold Sales Ratio: 189.15 to 1
The 2014 Silver to Gold Sales Ratio: 105.91 to 1
The silver to gold sales ratio is 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.
Here is a chart from 2008-2014 showing the ratio of American Silver Eagle coins sold compared to American Gold Eagle coins sold.
American Silver Eagles out sold one ounce American Gold Eagles nearly 106 to one in 2014.
American Silver Eagle Record Was in Ounces Not Dollars
Here are two charts showing the dollar amounts of silver and gold sold at the U.S. Mint as measured by sales of one ounce American Gold and Silver Eagle coins:
Dollar Value of American Gold and Silver Eagle Coins Sold in 2014
The U.S Mint sold 189 times more silver eagle than gold eagle coins in December, yet the total dollar value of silver eagle coins sold out paced the value of gold eagle coins sold by only $12 million.
Dollar Value of American Gold and Silver Eagle Coins Sold 2005-2014
Even though the U.S. Mint sold a record amount of American Silver Eagles in 2014 and sales of American Gold Eagles declined 44% from 2013, the dollar value of gold sold at the U.S. Mint in 2014 was greater than the dollar value of silver sold.
Dollar Value of American Gold and Silver Eagle Coins Sold 1986-2014
Sales of American Gold Eagles peaked in 1999 but because the price of gold was substantially lower then, it was nowhere near the peak in dollar terms.
American Silver Eagle Sales
In January 2015, the U.S. Mint sold 5,530,000 one ounce Silver Eagles up 125% from 2,459,000 Silver Eagles sold in December 2014 and up 16% from 4,775,000 Silver Eagles sold in January 2014.
American Gold Eagle Sales
In January 2015, the U.S. Mint sold 51,500 one ounce Gold Eagles up 296% from 13,000 sold in December 2014 and down 18% from 62,500 Gold Eagles sold in January 2014.
The United State Mint sold a total of 220,500 American Gold Eagles in January 2015 including fractional 1/10, 1/4 and 1/2 ounce and one ounce coins, up 308% from December 2014 and down 16% from January 2014.
Total January 2015 Gold Bullion Sales at the U.S. Mint: 115,500 ounces, including 169,000 fractional ounce gold Eagles (totaling 29,500 ounces) and 34,500 24K one ounce Buffalo gold coins*.
In January 2015, the U.S. Mint sold approximately $94.5 million worth of silver. The Mint sold approximately $27 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 $64.5 million.
On January 30, 2015 at 5:15 PM EST:
Silver was $17.23 per ounce
Silver Price Average in January: $17.09
Silver Price Average in December: $16.24
Silver Price Average in November: $15.97
Silver Price Average in October: $17.19
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 $1183.10 per ounce
Gpld Price Average in January: $1251.85
Gold Price Average in December:$1202.29
Gold Price Average in November:$1176.30
Gold Price Average in October: $1222.49
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
December Gold/Silver Ratio: 189.15 to 1
2014 Gold/Silver Ratio 105.91 to 1
2013 Gold Silver Ratio: 59.25/1
Sources: Kitco and United States Mint
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Other than charts labelled “Smaulgld”, which are my own inartful creations, all gold and silver charts are courtesy of Nick Laird – the Gold Standard in Precious Metals Charts
*In January 2015, the U.S. Mint also sold: 18,000 one half ounce gold American Eagle coins, 36,000 one quarter ounce gold American Eagle coins and 115,000 one tenth ounce gold American Eagle coins (a total of 29,500 ounces in fractional gold Eagles coins) Including the 51,500 one ounce gold American Eagle coins, the Mint sold 81,000 ounces of gold American Eagle coins and 34,500 one ounce Gold Buffalo coins for a total of 115,500 ounces of gold sold.
America The Beautiful Update
The U.S. Mint has not yet released their 2015 American the Beautiful five ounce silver coins. The first in a series of five coins to be released this year will be the Homestead National Monument of America coin.
In 2014, the U.S. Mint sold 135,300 American the Beautiful silver five ounce coins for a total of 676,500 ounces 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.
America The Beautiful Silver Bullion Coins – available from BGASC.com
Further Reading:
US Mint Sales (monthly archive)
Silver Coin Demand In the United States: a Historic Perspective
Gold and Silver Price Manipulation – Suspected
Gold and Silver Manipulation – Actual
Silver and Gold Sales at the U.S. Mint in 2014
Austrian Mint Runs Overtime to Meet Demand
2014 Silver and Gold Predictions
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
High Sales of Silver at the U.S., Canadian and Australian Mints in 2013
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