September 2012 American Silver Eagle Sales Best Since January

in American Silver Eagle News

Sales in the last half of September spiked for bullion American Silver Eagles, United States Mint figures revealed. The monthly total of 3,255,000 was the second highest in 2012. The only better month was back in January when sales were 6,107,000.

American Silver Eagle Bullion Coin

Investors turned their attention toward bullion coins as the price of silver in the precious metals market jumped 10%, with a good portion of the gains coming later in September.

Illustrating the effect, during the first half of September, the U.S. Mint’s network of Authorized Purchasers had picked up 1,139,000 American Silver Eagles, but then in the third week more than a million were ordered, followed by almost a million in the final week.

September’s Eagle activity proved to be a 13.4% gain over August, but when compared against September of last year, sales were down 27%. That stated, 2011 was an exceptional year with several records broken. In 2012, sales have been hot but not as blazing.

Below is a side-by-side comparison of the last three years.

Year 2010 2011 2012
January 3,592,500 6,422,000 6,107,000
February 2,050,000 3,240,000 1,490,000
March 3,381,000 2,767,000 2,542,000
April 2,507,500 2,819,000 1,520,000
May 3,636,500 3,653,500 2,875,000
June 3,001,000 3,402,000 2,858,000
July 2,981,000 2,968,000 2,278,000
August 2,451,000 3,679,500 2,870,000
September 1,880,000 4,460,500 3,255,000
October 3,150,000 3,064,000 ?
November 4,260,000 1,384,000 ?
December 1,772,000 2,009,000 ?
Total 34,662,500 39,868,500 ?


Year-to-date sales closed the month at 25,795,000. While last month took the title of second all-time high for a September performance, it will be a close race for 2012′s annual sales to win second-best overall. In order to surpass the number sold in 2010, the final quarter would have to have average monthly totals of just over three million.

U.S. Mint Authorized Purchasers order bullion American Silver Eagles in bulk. The coins make their way to bullion and coin dealers who resell them to the public for a price that is slightly more than the coin’s current melt value. Each coin is composed of 99.9% fine silver and weighs one troy ounce.

American Silver Eagles are struck in bullion, proof, and uncirculated qualities, with the latter two intended for collectors. All showcase the same artwork. Only the proof and uncirculated strikes are sold by the Mint directly to the public, but with much higher premiums than their bullion counterparts.

This page keeps weekly updated sales stats for the types of American Silver Eagles.

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