On December 24, 2014, the United States Mint announced that the American Silver Eagle bullion coins were officially sold out for the year. The sales total of 44,006,000 ounces set a new annual sales record.
This is now the sixth time in seven years that the bullion coins have set a new annual sales record. Throughout this period, the coins have also been periodically subject to temporary sell outs and rationing, as the Mint’s actual production fell short of actual market demand.
The recent era of escalating demand for silver bullion began in 2008 when Silver Eagle sales reached 19,583,500 ounces, exceeding the previous annual record of 10,475,500 established in 2002. Subsequent record annual sales records were achieved in 2009 at 28,766,500 ounces; in 2010 at 34,662,500 ounces; in 2011 at 39,868,500 ounces; in 2013 at 42,675,000 ounces; and now in 2014 at 44,006,000 ounces.
2014 American Silver Eagle Bullion Sales
This year, the US Mint opened sales for the 2014-dated American Silver Eagle bullion coins on January 13 following about a month of unavailability due to an early sell out of the prior year dated coins. Sales were initially subject to the Mint’s allocation program, which rationed the available supply amongst authorized purchasers. Allocation was eventually lifted on June 2, when demand had relented and the Mint was able to catch up on production. A wave of “tremendous demand” in October resulted in a temporary sell out and the resumption of allocation for the duration of the year. The sell out for the 2014-dated coins was achieved on December 24, 2014.
The Mint plans to begin sales of the 2015-dated American Silver Eagle bullion coins to authorized purchasers on January 12, 2015.