Silver Eagle Sales To Hit Record… U.S. Mint 2015 Production To Halt Dec 11th

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Published : November 27th, 2015
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Category : Market Analysis

24hGold - Silver Eagle Sales T...Investors looking to acquire 2015 Silver Eagles may just have a few more weeks to purchase the coins.  If demand for Silver Eagles by the Authorized Dealers and investors remain strong over the next several weeks, we could see a record 47 million of the coins sold this year.

According to article, 2016 American Silver Eagle Release, Last 2015’s for Record:

It’s out with the old and in with the new. Earlier today, Nov. 24, the United States Mint announced that it would stop producing 2015 American Eagle silver bullion coins by Dec. 11 and that it would begin taking orders for the first 2016-dated issues on Jan. 11.

2015 American Silver Eagles will claim an annual sales record. That should happen by early next week, even as the U.S. Mint limits their sales.

The bureau has rationed sales of bullion American Silver Eagles for most of this year as demand has exceeded supply. The U.S. Mint has the production capability to produce many more of the one-one, .999 fine silver coins but, like other world mints, it cannot always acquire enough silver planchets.

Currently, the U.S. Mint has sold 43.8 million oz (Moz) Silver Eagles with three weeks remaining for sales to their Authorized Dealers.  Here is the U.S. Mint memo sent to its Authorized Dealers (from article quoted above):

“This is to inform you that the United States Mint will continue to produce 2015-dated American Eagle Silver Bullion Coins through the week of December 7, 2015. Accordingly, we anticipate our last American Eagle Silver Bullion Coin allocation of the year to be on Monday, December 14, 2015. The final allocation is expected to be standard size so please plan accordingly.

The U.S. Mint will begin taking orders for the 2016 American Eagle Silver Bullion Coins on Monday, January 11, 2016.”

If we assume the U.S. Mint will provide about 1 Moz of Silver Eagles for the next three weeks, total sales will nearly reach 47 Moz.  I would assume sales of the Royal Canadian Mint Silver Maple Leafs will also hit a new record of 30+ Moz.

As I mentioned in my article, THE DEATH OF PAPER GOLD & SILVER: The Data Proves it:

Not only did demand for Global Gold ETF’s decline 2011-2015 (2015 f = forecasted) compared to the previous five years, it went negative by 21.2 Moz. This was in stark contrast to the huge increase in physical gold bar and coin demand of 208.8 Moz during the same time period.

Furthermore, we see the same trend taking place in the silver market. Investors purchased a record 994.1 Moz of physical silver bar and coin demand during the 2011-2015 time period compared to a paltry 18.2 Moz build in the world Silver ETFs.

When we study the difference in paper gold and silver buying versus physical bar and coin in the past five years… there’s just no comparison. Investors purchased record physical gold and silver bar and coin while staying away from the paper ETF’s with a ten foot pole.

Investors continue to wake up to the fact that the collapse of the World’s Great Financial Ponzi Scheme in history is approaching faster then ever.  This is why we are experiencing record volume in Gold-Silver Coin & Bar demand.

————

If you haven’t checked out THE SILVER CHART REPORT, there’s a great deal of information on the Silver Industry & Market not found in any single publication on the internet.  There is one chart in this report (Chart #19) that I can guarantee that 99.9% of precious metal investors haven’t seen before.

I use this bird’s-eye approach when I create my easy to understand charts.  The Silver Chart Report is a collection of my top silver charts from articles published over the past six years, and includes in-depth, never-before-seen charts and content that indicate that silver is on the rise. There are 48 charts in the report, broken down in five sections.

 

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Independent researcher Steve St. Angelo (SRSrocco) researches areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites.
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