{"id":55235,"date":"2020-10-07T07:02:24","date_gmt":"2020-10-07T12:02:24","guid":{"rendered":"https:\/\/olduvai.ca\/?p=55235"},"modified":"2020-10-07T07:02:24","modified_gmt":"2020-10-07T12:02:24","slug":"u-s-mint-september-sales-134-times-more-silver-eagles-sold-than-gold-eagles","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=55235","title":{"rendered":"U.S. MINT SEPTEMBER SALES: 134 Times More Silver Eagles Sold Than Gold Eagles"},"content":{"rendered":"
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U.S. MINT SEPTEMBER SALES: 134 Times More Silver Eagles Sold Than Gold Eagles<\/a><\/h3>\n<\/header>\n
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With the enormous investor demand for Silver Eagles, the U.S. Mint sold nearly three million official coins in September.\u00a0 While this wasn\u2019t the highest monthly amount this year, it was a record when we compare the Silver Eagle sales to Gold Eagles.\u00a0\u00a0And, it seems that U.S. citizens are purchasing the majority of the Silver Eagles as Americans prefer silver bullion coins (and rounds) over bars.<\/strong><\/p>\n

For those who might be new to the precious metals market, the official coins such as Silver Eagles, Maples, Philharmonics, Krugerrands, Kangaroos, Britannias, Pandas, and Libertads are known as \u201cCOINS.\u201d In contrast, private rounds such as Buffalos, Walking Liberty, etc are labeled as \u201cROUNDS.\u201d<\/p>\n

While some investors prefer the Silver Maples because they have a better fineness (99.99% silver) versus the Silver Eagles (99.9% silver), there has been one heck of a lot more Silver Eagles sold and held in the market than Maples.\u00a0 I don\u2019t have a total Silver Maple Leaf coin figure because the Royal Canadian Mint stopped providing updates since 2015 on the amount of Gold & Silver Maples sold.<\/p>\n

Regardless, here is an updated chart of the total Silver Eagles sold to date since 1986.<\/p>\n

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A total of 556 million Silver Eagles and 23.8 million Gold Eagles were sold from 1986 to September 2020.<\/strong>\u00a0 That\u2019s a half-billion oz of Silver Eagles sold since the U.S. Mint began producing them in 1986.\u00a0 The ratio of total Silver Eagles to Gold Eagles over the 35 years was 23\/1.\u00a0 However, if we look at the ratio for September this year, it\u2019s considerably higher.<\/p>\n

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The U.S. Mint sold 2,958,500 Silver Eagles and 22,000 oz of Gold Eagles during September.\u00a0\u00a0Thus, the ratio was 134 times more Silver Eagles than Gold Eagles.\u00a0 The average ratio over the 2016-2019 period was 64\/1.<\/strong><\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

U.S. MINT SEPTEMBER SALES: 134 Times More Silver Eagles Sold Than Gold Eagles With the enormous investor demand for Silver Eagles, the U.S. Mint sold nearly three million official coins in September.\u00a0 While this wasn\u2019t the highest monthly amount this year, it was a record when we compare the Silver Eagle sales to Gold Eagles.\u00a0\u00a0And, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[647,30388,730,30387,30389,12073,3564],"class_list":["post-55235","post","type-post","status-publish","format-standard","hentry","category-economics","tag-precious-metals","tag-royal-canadian-min","tag-silver","tag-silver-eagles","tag-silver-maples","tag-srsrocco-report","tag-us-mint"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55235"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55235\/revisions"}],"predecessor-version":[{"id":55237,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55235\/revisions\/55237"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}