Silver and Gold Sales at the U.S. Mint November 2014
United States Mint Sells 3,426,000 American Silver Eagles and 60,000 American Gold Eagles in November
American Silver Eagles Sales Head Towards Record Set in 2013
American Gold Eagle Sales at Seven Year Low
Fractional American Gold Eagles in 1/10, 1/4 and 1/2 oz Sizes for Smaller Budgets
2014 American Silver Eagles Still Available
2015 1.25 Ounce Canadian Silver Bison Coin from the Royal Canadian Mint Exclusive to JM Bullion
The November 2014 Silver To Gold Sales Ratio: 69.918 to 1
Silver and Gold Sales at the U.S. Mint in November.
American Silver Eagle Sales
The United State Mint sold 3,426,000 American Silver Eagles in November up 49% from November 2013 and down 41% from October’s record month.
Sales of American Silver Eagles Year to Date: 41,547,000.
Sales of American Silver Eagles to date are just 1,128,000 shy of the record sales set in 2013 of 42,675,000.
Year to date sales of one ounce American Silver Eagles slightly ahead of last year’s record pace (41,547,000 vs. 41,475,000).
Total November 2014 silver bullion sales at the U.S. Mint, including America The Beautiful five ounce coins: 3,575,500 ounces**.
American Silver Eagle sales are on pace to break the record set in 2013.
American Gold Eagle Sales
The United State Mint sold 49,000 one ounce American Gold Eagles in November up 11% from November 2013 and down 15% from October.
The United State Mint sold a total of 109,000 American Gold Eagles including fractional 1/10, 1/4 and 1/2 ounce coins, up 56% from November 2013 and down 10% from October.
Sales of one ounce American Gold Eagles Year to Date: 402,500
Total Sales of American Gold Eagles including fractional coins: 506,500
Year to date sales of one ounce American Gold Eagles down 30% from last year (402,500 vs. 690,000).
Total sales of American Gold Eagle, including fractional coins down 37% from last year (506,500 vs 800,000)
American Gold Eagle sales are the lowest since 2007.
The Gold/Silver Price Ratio was 69.918 to 1 in November vs. 71.12 to 1 in October (see chart below)
Total November 2014 Gold Bullion Sales at the U.S. Mint: 72,500 ounces, including 60,000 fractional ounce gold Eagles (totaling 11,000 ounces) and 12,500 24K one ounce Buffalo gold coins*.
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 November 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 November 2014 Silver to Gold Sales Ratio: 69.918:1
In November the U.S. Mint sold 3,426,000 one ounce Silver Eagles down from 5,790,000 Silver Eagles sold in October and up from 2,300,000 Silver Eagles sold in November 2013.
In November, the U.S. Mint sold 49,000 one ounce Gold Eagles down from 57,000 sold in October and up from 44,000 Gold Eagles sold in October 2013.
The ratio of one ounce Silver Eagles sold to one ounce Gold Eagles sold in November 2014 was 69.918 to 1 compared to 101 to 1 in October 2014 and 52 to 1 in November 2013.
In November, the U.S. Mint sold approximately $57.1 million worth of silver, including one ounce Silver Eagles and five ounce America the Beautiful silver coins**) The Mint sold approximately $57.6 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 $84.7 million.
On November 28, 2014 at 5:15 PM EST:
Silver was $15.58 per ounce
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 $1168.50 per ounce
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
September Gold/Silver Ratio: 66.89/1
2013 Gold Silver Ratio: 59.25/1
Sources: Kitco and United States Mint
The gold silver ratio rose to 75 to 1 in November.
Click here for the live gold silver ratio and for historic charts.
Despite silver sales out pacing gold sales 69:1 in November, the total dollar amount spent on gold coins was greater than that spent on silver coins.
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.
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 November 2014, the U.S. Mint also sold: 8,000 one half ounce gold American Eagle coins, 12,00 one quarter ounce gold American Eagle coins and 40,000 one tenth ounce gold American Eagle coins (a total of 11,000 ounces in fractional gold Eagles coins) Including the 49,000 one ounce gold American Eagle coins, the Mint sold 60,000 ounces of gold American Eagle coins and 12,500 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.
America The Beautiful Silver Coin Sales Update:
The Mint also reported sales of 900 Shenandoah National Park coins (the total SNP coins sold this year is 23,300). The U.S. Mint sold 1,700 Great Sand Dunes National Park coins in November (bringing the total of GSD coins sold this year to 17,900). The U.S. Mint introduced the Everglades National Park coin in November and sold 27,000 of them.
Total ounces of silver sold in November attributed to the sales of America the Beautiful coins was 149,500 (29,900 five ounce coins sold).
In 2014, the total ounces of silver sold to date from silver America the Beautiful five ounce coins is 616,000 (123,200 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.
America The Beautiful Silver Bullion Coins – available from BGASC.com