American Silver Eagle Demand Is at an All-Time High
2011 saw a record number of sales for American Silver Eagle coins, reaching just shy of 40 million ounces of silver sold from the US Mint.
However, that record has been broken.
With over a month and a half left in the year, 2013 sales have reached over 40 million ounces, and continue to grow daily.
The record was achieved on November 13, 2013.
Demand for physical gold and silver is up, but with the price of gold making physical gold coins and bullion out of reach for many people, silver demand is surging.
In fact, physical silver demand is at an all-time high.
Breaking it down by month, the following list shows the amount of silver sales by the US Mint (in ounces) this year: January: 7,498,000 February: 3,368,500 March: 3,356,500 April: 4,087,000 May: 3,458,500 June: 3,275,000 July: 4,406,500 August: 3,625,000 September: 3,013,000 October: 3,087,000 November (partial):1,000,000 Total through November 12: 40,175,000 As you can see, January saw strong sales, when everyone wanted to get the new 2013 dated coins.
January 7, 2013 saw the highest single day sales ever, totaling nearly 4 million silver eagle coins sold.
January's number would have been even higher as well, if it wasn't for a 10 day pause in sales from January 17 through the 28th, due to inventory depletion.
So January's number was only for two-thirds of the month! April saw a nice uptick, which is around the time people began to panic about the falling price of gold and silver.
July saw strong sales numbers as well, and was another bad month for gold and silver(though not as bad as June was).
The rest of the year has been fairly consistent.
The ratio of silver coins sold compared to gold coins sold is interesting as well.
For the first part of the year, the ratio was, for the most part, around 40:1 (40 silver coins sold for every 1 gold coin).
However, in July, the number started increasing.
July saw an 87:1 ratio, August saw a 315:1 ratio, and September saw a 213:1 ratio.
Things calmed down a bit in October to 63:1, but overall, Q3 saw a tremendous spike in silver coin demand.
Aside from the record coin sales and growing demand, silver usage is on the rise in industry and production as well.
As more technology rolls out, including more devices like tablets and smart phones, more silver is being used to make those devices.
Silver is also heavily used in photography, clean energy, and bio-battery industries, all of which are consistently growing and in need of increased product production.
Clearly, physical silver is in high demand in a number of categories and segments.
With prices very low as compared to gold, it's about time you took a close look at investing in some physical silver of your own.
For roughly the cost of two movie tickets, you can begin your silver investment portfolio.
You can Buy American Silver Eagles Online
However, that record has been broken.
With over a month and a half left in the year, 2013 sales have reached over 40 million ounces, and continue to grow daily.
The record was achieved on November 13, 2013.
Demand for physical gold and silver is up, but with the price of gold making physical gold coins and bullion out of reach for many people, silver demand is surging.
In fact, physical silver demand is at an all-time high.
Breaking it down by month, the following list shows the amount of silver sales by the US Mint (in ounces) this year: January: 7,498,000 February: 3,368,500 March: 3,356,500 April: 4,087,000 May: 3,458,500 June: 3,275,000 July: 4,406,500 August: 3,625,000 September: 3,013,000 October: 3,087,000 November (partial):1,000,000 Total through November 12: 40,175,000 As you can see, January saw strong sales, when everyone wanted to get the new 2013 dated coins.
January 7, 2013 saw the highest single day sales ever, totaling nearly 4 million silver eagle coins sold.
January's number would have been even higher as well, if it wasn't for a 10 day pause in sales from January 17 through the 28th, due to inventory depletion.
So January's number was only for two-thirds of the month! April saw a nice uptick, which is around the time people began to panic about the falling price of gold and silver.
July saw strong sales numbers as well, and was another bad month for gold and silver(though not as bad as June was).
The rest of the year has been fairly consistent.
The ratio of silver coins sold compared to gold coins sold is interesting as well.
For the first part of the year, the ratio was, for the most part, around 40:1 (40 silver coins sold for every 1 gold coin).
However, in July, the number started increasing.
July saw an 87:1 ratio, August saw a 315:1 ratio, and September saw a 213:1 ratio.
Things calmed down a bit in October to 63:1, but overall, Q3 saw a tremendous spike in silver coin demand.
Aside from the record coin sales and growing demand, silver usage is on the rise in industry and production as well.
As more technology rolls out, including more devices like tablets and smart phones, more silver is being used to make those devices.
Silver is also heavily used in photography, clean energy, and bio-battery industries, all of which are consistently growing and in need of increased product production.
Clearly, physical silver is in high demand in a number of categories and segments.
With prices very low as compared to gold, it's about time you took a close look at investing in some physical silver of your own.
For roughly the cost of two movie tickets, you can begin your silver investment portfolio.
You can Buy American Silver Eagles Online
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