Silver and Gold Sales at the U.S. Mint in October 2015.
Solid Sales of American Silver Eagle Coins in October Despite Ongoing Reduced Authorized Purchaser Allocations.
October sales of American Gold Eagle coins fall to lowest levels since May 2015.
The United States Mint sold 3,788,000 American Silver Eagles in October down from September’s 3,804,500.
Sales of 26,000 one ounce American Gold Eagles in October were down from the 98,500 sold in September.
American Silver Eagle sales year to date at 39,842,500 running 4.5% ahead of 2014’s record pace (38,121,000).
American Gold Eagles year to date at 546,000 running 54.5% ahead of 2014’s pace (353,500).
The Silver to Gold Sales Ratio October 2015: The U.S. Mint sold 145.69 times more American Silver Eagles than one ounce American Gold Eagles in October.
October 2015 American Silver Eagle Sales at the U.S. Mint
The U.S. Mint Sold 3,788,000 American Silver Eagles in October 2015
October 2015 American Silver Eagle sales were essentially flat from September 2015. (3,788,000 vs. 3,804,500)
Sales of American Siver Eagles in each of June, July and August sales topped well over four million. Sales of American Silver Eagles in September and October were close to four million despite increasing restrictions on allocations by the U.S. Mint to its Authorized Purchasers.
During October, retail and wholesale premiums on American Silver Eagles fell as the shortages of silver that bullion dealers experienced on virtually all retail silver products during August and September abated.
Retail and Wholesale Premiums on American Silver Eagle Coins Fell in October
American Silver Eagle retail premiums fell to 25% after soaring to 51% in September.
Compare American Silver Eagles for sale at:
Golden Eagle Coins
Money Metals Exchange
In October 2015, the U.S. Mint sold 3,788,000 one ounce American Silver Eagles flat from 3,804,500 American Silver Eagles sold in September 2015 and down 34.6% from 5,790,000 American Silver Eagles sold in October 2014.
American Silver Eagle Sales on Pace to Set Record for the Third Year In a Row
The U.S. Mint has sold 39,842,500 American Silver Eagles through October 31, 2015. Through the end of October 2014, the U.S. Mint had sold 38,121,000 American Silver Eagles on the way to setting an annual sales record of 44,006,000.
Sales of American Silver Eagles through October 31, 2015 are higher than annual sales in all years other than 2011, 2013 and 2014.
October 2015 Gold Sales at the U.S. Mint
The U.S. Mint Sold 26,000 one ounce American Gold Eagles in October 2015
October 2015 American Gold Eagles sales of 26,000 were down 73.6% from 98,500 sold in September 2015 and down 54.8% from 57,500 American Gold Eagles sold in October 2014.
The United State Mint sold a total of 84,000 American Gold Eagles in October 2015 including fractional 1/10, 1/4 and 1/2 ounce and one ounce coins, down 72.2% from September 2015 (when 302,500 American Gold Eagles were sold) and down 22.64% from October 2014 (when 121,500 American Gold Eagles were sold).
Year to date sales of American Gold Eagle coins are ahead of last year but behind recent years’ mintages.
American Gold Eagle coin sales are running ahead of 2014’s pace.
Total October 2015 Gold Bullion Sales at the U.S. Mint: 44,500 ounces, including 58,000 fractional ounce gold Eagles (totaling 8,000 ounces) and 10,500 24K one ounce Buffalo gold coins*.
Sales of 1/10 ounce American Gold Eagle coins that began to surge in July fell in October to 50,000 from 175,000 in September. The surge in sales of one tenth ounce American Gold Eagle coins began around the same time (late June 2015) that American Silver Eagle premiums began to rise.
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
Money Metals Exchange
The Gold Silver Ratio October 2015
Chart showing how many ounces of silver it takes to buy one ounce of gold – October 2015:
October 2014 – October 2015 Gold Silver Ratio
In October 2015, the gold silver ratio fell but remains elevated.
Click here for the live gold silver ratio and for historic gold silver ratio charts.
The Silver to Gold Sales Ratio
Sales of American Silver Eagles outpace sales of American Gold Eagles by a wide margin in October, after falling most of the year. Drastically lower gold sales were the main reason for the decline.
The October Silver to Gold Ratio: 145.69 to 1
The September Silver To Gold Sales Ratio 38.62:1
The August Silver To Gold Sales Ratio 62.87:1
The July Silver To Gold Sales Ratio 38.26 to 1
The June Silver to Gold Sales Ratio 77.44 to 1
The May Silver to Gold Sales Ratio 149.89 to 1
The April Silver to Gold Sales Ratio 121.34 to 1
The March Silver to Gold Sales Ratio: 100.54 to 1
The February Silver To Gold Sales Ratio: 241.76 to 1
The January 2015 Silver To Gold Sales Ratio: 107.38 to 1
The 2015 (Jan-March) Silver To Gold Sales Ratio: 121.72 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. The ratio was 109.75 to one in the first six months of 2015.
Sales of American Silver Eagle coins have out paced sales of American Gold Eagle coins by more than 100 to 1 since 2014.
Since the institution of American Silver Eagle production halts and allocations by the U.S. Mint in July, the silver to gold sales ratio has fallen to average of 44.38:1 during the three month period July- September 2015. The silver to gold sales ratio soared to over 145 to 1 in October.
America The Beautiful Update
Sales of America the Beautiful (ATB) five ounce silver coins resumed in September. The latest ATB coin in the series, the coin, was released in late September and sold 45,000. In July, the U.S. Mint sold 10,000 of the third in the 2015 American the Beautiful (ATB) five ounce silver coin series -the Blue Ridge Parkway coin. This coin is now sold out. Sales of the Blue Ridge Parkway coin were the highest of any ATB coin since 2011 sales of 48,500 of the Chickasaw National Recreation Area coin.
The Bombay Hook National Wildlife Refuge coin sold out in September and none were sold in October.
The last ATB coin in the 2015 series, the Saratoga National Historical Park coin will be released in early December.
The U.S. Mint has sold 45,000 Bombay Hook National Wild Life Reuge coins, 45,000 Blue Ridge Parkway coins as well as 42,000 Kistachie National Forest and 35,000 Homestead National Monument of American coins year to date.
The total number American The Beautiful Coins sold so far in 2015 is 167,600 for a total of 835,000 ounces of silver.
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.
No America The Beautiful coins were sold in October 2015.
America The Beautiful Silver Bullion Coins – available from BGASC.com.
On October 29, 2015 at 5:15 PM EST:
Silver was $15.53 per ounce
Silver Price Average in October 15.71
Silver Price Average in September $14.79
Silver Price Average in August $14.94
Silver Price Average in July $15.07
Silver Price Average in June $16.09
Silver Price Average in May $16.80
Silver Price Average in April $16.61
Silver Price Average in March:$16.22
Silver Price Average in February: $16.84
Silver Price Average in January: $17.09
Silver Price Average in 2013: $23.79
Silver Price Average in 2014: $20.05
Gold was $1141.70 per ounce
Gold Price Average in October $1159.25
Gold Price Average in Sepember $1124.53
Gold Price Average in August $1117.47
Gold Price Average in July $1130.04
Gold Price Average in June $1181.50
Gold Price Average in May $1199.05
Gold Price Average in April $1213.05
Gold Price Average in March:$1178.63
Gold Price Average in February: $1227.19
Gold Price Average in January: $1251.85
Gold Price Average in 2013: $1412.05
Gold Price Average in 2014:$1290.70
Sources: Kitco and United States Mint