US Mint Silver Sales & India’s Rupee Troubles

US Mint’s American The Beautiful Five Ounce Silver Coins.

Mintages Remain Low on the U.S. Mint’s “Other Silver” Coin.

Interconnectedness of Silver and India’s War on Cash.

Last week Rory Hall of the Daily Coin and I discussed the U.S. Mint’s silver sales for 2016, including sales of America The Beautiful and American Silver Eagle coins. We also discussed the ongoing cashless crisis in India, resulting from Prime Minister’s shock move to demonetize 86% of India’s circulating cash.

Please have a listen and check out the charts and links below the podcast.

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Click to Buy the Fort Moultrie America the Beautiful Coin.

Check out all the 2016 America the Beautiful Coins

Sales of American Silver Eagle coins are down in 2016 to about 37 million from a record 47 million in 2015.


Sales of America the Beautifulcoins in 2016 in contrast are the second best in the coins seven year history.

Top selling ATB coins smaulgld through June 2016

Two of the top selling ATB coins are from the 2016 series.

silver sales at the big four sovereign mints 2014-2015

India’s War on Cash

Gold demand surges because of the demonetization of rupees, causing premiums to rise on gold. Rupees must be exchanged or deposited in a bank by the end of the year to retain their value. After sixty days they become worthless.

Bloomberg on India’s cashless ploy.

Bill Gates on India’s cashless move.

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
JM Bullion
Money Metals Exchange

Further Reading:

India’s Currency Ban

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