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U.S. Mint Sets New Record, Selling 43 Million Silver Coins In 2014

By Kitco News
Wendesday December 10, 2014 10:24 AM

(Kitco News) - The U.S. Mint has set a new sales record for the year for its American Eagle silver bullion coins.

The sales record, which was set in 2013, was broken on Monday as the Mint announced that it had sold 495,500 coins during the day. However, the Mint updates its monthly sales daily; since Monday, sales have remained strong and as of Tuesday the U.S. Mint had sold 43.051 million silver coins, handily beating last year’s record of 42.675 million coins.

 "Our American Eagle gold and silver bullion coins remain the coin of choice for investors around the world," said U.S. Mint Deputy Director Dick Peterson.  "We are proud of our role as a leader in the global bullion coin market."

In the press release, U.S. Mint officials said that they will continue to sell 2014 silver coins under allocation until its inventory has been depleted, which they added, based on current demand, should be to the week of Dec. 15.

Although demand for silver coins has been extremely strong, sales of the U.S. mints gold coins are slightly down from last year.

According to the data, the U.S. Mint has sold more than 1.1 million American Eagle gold coins, in one-ounce, half-ounce, quarter-ounce and one-tenth-ounce coins, representing 532,000 ounces of gold. In 2013, the U.S. Mint sold just slightly less than 1.46 million coins, representing 856,500 ounces of gold.

For its one-ounce Buffalo gold coins, the mint has sold 175,000 coins so far in 2014, down from 239,000 coins sold in 2013.

By Neils Christensen of Kitco News; nchristensen@kitco.com



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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