Sales of the United States Mint’s American Silver Eagle bullion coins have moved into record territory. The year to date sales total has now reached 42,864,000 ounces, just surpassing the prior annual record sales total of 42,675,000 ounces established in 2013.
This represents the sixth time in seven years that the one ounce silver bullion coins have set a new annual sales record. Previous record sales levels were established in 2008 at 19,583,500 ounces; in 2009 at 28,766,500 ounces; in 2010 at 34,662,500 ounces; in 2011 at 39,868,500 ounces; and in 2013 at 42,675,000 ounces. Throughout this time period, sales have been subject to periodic suspensions and frequently allocated when production fell short of market demand.
2014 American Silver Eagle Bullion Sales
|December (to date)
|Year to Date Total
During 2014, Silver Eagle bullion sales did not begin until January 13 following a month long period of unavailability. Sales were initially subject to the allocation program which rationed available supplies amongst authorized purchasers. Allocation was finally lifted effective June 2, when demand had periodically abated and the Mint was able to catch up on production. When precious metals prices dropped later in the year, a wave of “tremendous demand” exhausted the Mint’s supply of coins causing a temporary sell out and the resumption of the allocation program.
The Mint recently announced the year end procedures and availability dates for the 2015-dated bullion coins. The Mint plans to continue sales for the 2014-dated Silver Eagles under allocation through the week of December 15. These final allocations will serve to push the year to date total further into record territory. Sales of the 2015-dated Silver Eagles are scheduled to commence on January 12, 2015.