The Silver to Gold Sales Ratio – January 2014

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

JM Bullion

One Ounce Silver Eagles outsell One Ounce Gold Eagles 76.4 to 1 at the U.S. Mint in January

The Gold/Silver Ratio was 64.98/1 in January

U.S. Mint Starts 2014 with Strong Sales of Physical Gold and Silver Bullion

– Retail investors take advantage of lower bullion prices to buy physical silver and gold in large quantities

-U.S. Mint sells 4,775,00 one ounce Silver Eagles and 62,500 one ounce Gold Eagles.

Total January 2014 Gold Bullion Sales at the U.S. Mint: 133,000 ounces, including 200,000 fractional ounce gold Eagles (totaling 29,000 ounces) and 41,500 24K one ounce Buffalo coins*

Total January 2014 Silver Bullion Sales at the U.S. Mint: 4,775,000 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 January 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 January 2014 Silver to Gold Sales Ratio: 76.4

In January the U.S. Mint sold 4,775,000 one ounce Silver Eagles up from 1,200,000 Silver Eagles sold in December 2013 and down from 7,498,000 Silver Eagles sold in January 2013 and sold 62,500 one ounce Gold Eagles up from 53,500 sold in December 2013 and down from 124,500 Gold Eagles sold in January 2013. The ratio of one ounce Silver Eagles sold to one ounce Gold Eagles sold in January 2014 was 76.4 compared to 60.22 in January 2013.

In January the U.S. Mint sold approximately $95 million worth of one ounce Silver Eagles** and $78 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 $165 million.

On January 31, 2014 at 5:15PM EST:

Silver was $19.15 per ounce
Silver Price Average in January was $19.91 vs. $19.61 in December 2013
Silver Price Average in 2013: $23.83

Gold was $1244.30 per ounce
Gold Price Average in December was $1244.80 vs. $1226.63 December 2013
Gold Price Average in 2013: $1412.05
January Gold/Silver Ratio: 64.98/1
2013 Gold Silver Ratio: 59.25/1
Sources: Kitco and United States Mint

*In January 2014 the U.S. Mint also sold: 12,000 one half ounce gold American Eagle coins, 28,000 one quarter ounce gold American Eagle coins and 160,000 one tenth ounce gold American Eagle coins (a total of 91,500 ounces of gold American Eagle coins, including the 62,500 one ounce gold American Eagles sold).

** The U.S. Mint did not report January 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)

The Silver to Gold Sales Ratio – December 2013

The Silver to Gold Sales Ratio – November 2013

The Silver to Gold Sales Ratio -October 2013

The Silver to Gold Sales Ratio – September 2013

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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