Sales Of 2014 American Eagle Silver Bullion Coins Hit Record In 2014

Sales of U.S. American Eagle Silver Bullion coins soared last year beating the previous milestone established in 2014, according to U.S. Mint statistics.

The U.S. Mint announced that 2014 sales of American Eagle Silver Bullion coins reached 44,006,000 ounces, compared to 42,675,000 in 2013, driven by a strong demand in the fourth quarter. Sales of the American Eagle Silver Bullion one-ounce coin outpaced those of the one-ounce American Eagle Gold and Platinum coins. Indeed, Silver Eagles eclipsed Gold Eagles’ sales by 59 percent.

Other mints reported strong sales, too. The Royal Canadian Mint (RCM) posted healthy demand for its silver bullion products last year, selling out its minting of one million of the Bald Eagle coins from its new Canadian Birds of Prey 99.99 percent pure silver coins series. (See Royal Canadian Mint Issues Second in Series of Four Birds of Prey Coins, August, 2014Silver News.) The RCM said its flagship Silver Maple Leaf Bullion coin continues to generate solid customer interest.

Australia’s Perth Mint reported that while total silver sales were down 13.5 percent year-on-year, largely due to a sales tax increase in Europe, there was an increase in buying as the price came off through the second half of the year, producing 20.8 percent higher sales over the first half.

MINT STATISTICS

Sales of U.S. American Eagle Silver Bullion coins soared past gold and platinum products.

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Courtesy of https://www.silverinstitute.org/site/