The U.S. Mint Reports Record Sales of American Silver Eagles
– Over 40 million ounces of Silver Eagles sold so far in 2013*
– Surpasses record set in 2011 of 39.868 million
Today the United States Mint released their sales figures through November 12, 2013. Month to date the U.S. Mint has sold 1,000,000 one ounce American Silver Eagles. Year to date the U.S. Mint has sold 40,175,000 American Silver Eagles surpassing the record 39.868 million sold in 2011.
Since the financial crisis of 2008 individual investors have bought increasing amounts of silver. The U.S. Mint sold more American Silver Eagles in 2013 than they did during the years 2004, 2005, 2006 and 2007 combined when they sold 37.97 million. The strong demand for silver eagles caused the U.S. Mint to start rationing their allocations to dealers earlier this year.
Demand for physical silver has grown this year as the price has declined and the Federal Reserve has continued its $85 billion a month bond buying program.
Due to record demand it looks like 2013 American Silver Eagles may not be available at current prices much longer.
You can still get the historic 2013 American Silver Eagle coins at competitive prices by clicking here.
*Source: U.S. Mint