The Silver to Gold Sales Ratio – February 2014

Gold and Silver Sales at the U.S. Mint February 2014

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One Ounce Silver Eagles outsell One Ounce Gold Eagles 170.45 to 1 at the U.S. Mint in February

The Gold/Silver Ratio was 68.22/1 in January up from 64.98 in January

U.S. Mint Continues 2014 with Strong Sales of Physical Silver Bullion in February

Gold sales slump from January levels

-U.S. Mint sells 3,750,00 one ounce Silver Eagles and 22,000 one ounce Gold Eagles.

Total February 2014 Gold Bullion Sales at the U.S. Mint: 43,000 ounces, including 63,000 fractional ounce gold Eagles (totaling 9,000 ounces) and 12,000 24K one ounce Buffalo coins*

Total February 2014 Silver Bullion Sales at the U.S. Mint: 3,750,000 ounces**

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 February 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:

2013 American Gold Eagle SalesSales of American Silver Eagles Set Record

The February 2014 Silver to Gold Sales Ratio: 170.45/1

In February the U.S. Mint sold 3,750,000 one ounce Silver Eagles down from 4,775,000 Silver Eagles sold in January and up from 3,368,500 Silver Eagles sold in February 2013. In February the U.S. Mint sold 22,000 one ounce Gold Eagles down from 62,500 sold in January and down from 68,000 Gold Eagles sold in February 2013.

The ratio of one ounce Silver Eagles sold to one ounce Gold Eagles sold in February 2014 was 170.45 to 1 compared to 49.53 in February 2013.

In February the U.S. Mint sold approximately $78 million worth of one ounce Silver Eagles** and $28.6 million worth of one ounce Gold Eagles. The total value of physical gold bullion sold at the U.S. Mint including sales of one ounce and fractional ounce Gold Eagles and Gold Buffalo coins was approximately $56 million.

On February 28, 2014 at 5:15PM EST:

Silver was $21.23 per ounce
Silver Price Average in February $20.83
Silver Price Average in January: $19.91
Silver Price Average in 2013: $23.79

Gold was $1328.60 per ounce
Gold Price Average in February was $1300.97
Gold Price Average in January $1244.80
Gold Price Average in 2013: $1412.05
February Gold/Silver Ratio: 68.22/1
2013 Gold Silver Ratio: 59.25/1
Sources: Kitco and United States Mint

*In February 2014 the U.S. Mint also sold: 3,000 one half ounce gold American Eagle coins, 10,000 one quarter ounce gold American Eagle coins and 50,000 one tenth ounce gold American Eagle coins (a total of 31,000 ounces of gold American Eagle coins, including the 22,500 one ounce gold American Eagles sold).

** The U.S. Mint did not report February 2014 sales figures for their popular silver American the Beautiful five ounce coins. In 2013 the U.S. Mint sold 160,000 silver America the Beautiful five ounce coins for a total of 800,000 ounces sold.

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Further Reading:

US Mint Sales (monthly archive)

Australia’s Perth Mint Gold and Silver Sales By Month July 2012- February 2014

Buy Gold and Silver

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

Royal Canadian Mint

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