The U.S., Canadian, Austrian and Perth Mint Silver Collectively Sold 100,375,927 Ounces of Silver in 2015.
The Amount Represents Approximately 11% of 2015 Global Mining Production.
Silver Coin Sales in 2015.
Sales of silver at the top four sovereign mints rose to over 100 million ounces in 2015. The Austrian, Canadian, Perth and United States Mints collectively sold 100,375,927 ounces of silver in 2015, up 17.7% from 85,273,467 ounces sold by the four mints in 2014.
According to the Silver Institute global silver mining production grew 2.1% in 2015 to 886.7 million ounces. The over 100 million ounces of silver that the top four sovereign mints used to produce their 2015 mintages represents approximately 11% of 2015 global silver mining production.
The total amount of silver, according to the Silver Institute, used to satisfy demand for coins from all sovereign mints and for privately minted silver bars and rounds was 292.3 million ounces or 33% of global silver mining production in 2015.
Ten years ago in 2005, the amount of silver required to mint that year’s production of silver coins, bars and rounds was approximately 5% of global silver mining supply.
Each of the four major sovereign mint experienced sales growth in their silver products. The Canadian, Perth and United States set silver sales records in 2015.
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Chinese and Mexican Mint Silver Sales in 2015
When the Mexican Mint one ounce Silver Libertad and estimated Chinese Silver Panda coin sales are added to the silver sales of the Austrian, Canadian, Perth and United States Mints, the total ounces of silver sold at the six top sovereign mints rises close to 110 million ounces or approximately 12.5% of 2015 global silver mining production.
Mexican coin sales include only the once ounce Libertad and Chinese Panda sales are estimated based on the 8 million sold in each of 2012-2014.
Overview of the Top Six Sovereign Mint Silver Coin Sales in 2015
Austrian Mint Silver Sales
Austrian Mint silver sales have been curbed by VAT on silver purchases in some European countries.
Austrian Philharmonic Silver Coins
Description: Obverse: picture of the large pipe organ in the Musikverein, a concert hall that is home of the Vienna Philharmonic Orchestra and the German words “REPUBLIK OSTERREICH” (“Austrian Republic”) and “1UNZE FEINSILBER” (“1 ounce pure silver.”)
Reverse: picture of musical instruments including four violins, cello, harp, bassoon, French horn and flute and the German words “SILBER” (“Silver”) and “WIENER PHILHARMONIKER” (“Vienna Philharmonic”)
Composition/Weight: 1 troy ounce (31.103 grams)/.999 fine silver
Edge: Smooth
Face Value: 1.50 Euro
Designer: Thomas Pesendorfer
Mint Location: Vienna, Austria (no mint mark)
Years Minted: 2008-present
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Canadian Mint Silver Sales
Sales of silver at the Canadian Mint have risen from under one million ounces in 2005 to over 34 million ounces in 2015.
Canadian Silver Maple Leaf
Description: Obverse: Picture of of Queen Elizabeth II of England
Reverse: Depiction of a Maple Leaf “CANADA” “Fine Silver 1 oz Argent Pur”
Composition/Weight: 1 ounce/.9999 fine silver; ridged edge
Face value: $5
Designer: Susanna Blunt
Mint Location: Ottawa, Canada
Years Minted: 1988-present
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Perth Mint Silver Sales
Perth Mint silver sales were turbo charged by the introduction of the Australian Silver Kangaroo coin in September 2015.
Click to Buy Perth Mint Silver Kangaroo coins from JM Bullion
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Perth Mint Silver Kangaroo Coins
Description: Obverse: Picture of of Queen Elizabeth II of England with the words “Elizabeth II” “Australia” “1 Dollar”
Reverse: Depiction of a Kangaroo with the words “Australian Kangaroo” “2016” “1 oz” “9999 Silver”
Composition/Weight: 1 ounce/.9999 fine silver; ridged edge
Face value: $1
Designers: Front: Ian Rank-Broadley; Back: Steward Devlin
Mint Location: Perth, Australia
Years Minted: 2015- (first dated 2016)
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- Silver Australian Kangaroo - 1 Troy Oz .9999 Pure
- Price: $18.27
United States Mint Silver Sales
U.S. Mint silver sales in 2015 include only the 47,000,000 one ounce American Silver Ealge coins sold and do not include the 1,006,000 ounces of silver represented by sales of 212,000 America The Beautiful coins in 2015.
Sales of American Silver Eagle coins set a record for the third year in a row and are headed for another record in 2016.
American Silver Eagle
Description:Obverse: The front of the coin shows a walking lady liberty, the year of mintage and the words "LIBERTY" "IN GOD WE TRUST"
Reverse: the back of the coin shows an eagle with the words "1 oz. FINE SILVER - ONE DOLLAR" "UNITED STATES OF AMERICA"
Composition/Weight: 1 oz. pure silver (.9993 silver .0007 copper)
Designers: Adolph A. Weinman (obverse) John Mercanti (reverse)
Face Value: $1
Mint Locations: Philadelphia, Pennsylvania, San Francisco, California and West Point, New York Years Minted: 1986 - present
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Chinese Mint Silver Sales
The Chinese Silver Panda coin has been minted in limited, but increasing amounts in recent years.
Chinese Silver Pandas
Description: Obverse: Depiction of the Temple of Heaven and "中华人民共和国" (People's Republic of China)
Reverse: Portrait of a Panda
Edge: Reeded
Composition: .999 fine silver
Years Minted: 1983-present
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Mexican Mint Silver Sales
Left: Mexican Silver Libertad 1996-present obverse design;Right:1982-1995 obverse design. Click to buy from Golden Eagle Coin
Left Mexican Silver Libertad 1996-present reverse design;Right:1982-1995 reverse design. Click to buy from JM Bullion.
Mexican Silver Libertad Mintages
The world's largest silver mining country doesn't mint too many silver coins. La Casa de Moneda de México has sold over 28 million one ounce Silver Libertad coins since 1982 and over 9 million from 2004-2015. The Canadian Mint produced over 34 million one ounce silver Canadian Maple Leaf in 2015.
Mintages of Mexican Silver Libertad coins are relatively low compared to mintages of Canadian Silver Maple Leaf, American Silver Eagle, Austrian Silver Philharmonic , Perth Mint Silver Kangaroo coins, and Chinese Silver Panda coins.
Mexican Silver Libertad Essentials
Description: Obverse: Depiction of a winged Victoria in front of Mexican volanoes Popocatépetl and Iztaccihuatl with the words "1 Onza Plata Pura" ("one ounce pure silver"), the date and .999 indicating the fineness of the silver.
Reverse: Depiction of the Mexican National Seal with an eagle perched on a cactus, with a snake in its beak, with the words "Estados Unidos Mexicanos" ("United States of Mexico").
Composition/Weight: 1 ounce/.999 fine silver; ridged edge (1996-present) smooth edge (1982-1995)
Face value: None- Mexican Libertads, unlike other government coins, do not show a monetary value.
Designer: Emilio del Moral. Sr. Moral's design was originally used on the Mexican gold bullion coin the Centenario, first minted in 1921.
Mint: La Casa de Moneda de México
Mint Location: Mexico City, Mexico
Years Minted: 1982-present
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See also 2015 Sovereign Mint Gold Sales
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Further Reading:
Canadian Mint Sales (quarterly and annual archives)
US Mint Sales (monthly archive)
Perth Mint Sales (monthly archive)
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