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American Eagle Sales Slip in May

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U.S. Mint sold 380,000 American Silver Eagle Coins in May.

While American Gold Eagle sales at the U.S. Mint spiked in May, sales of American Silver Eagles (ADE’s) fell from 915,000in April 2018 to 380,000 in May.

This reflects an 85% decrease in sales of ASE’s from May 2017 when 2,455,000 were sold and a decrease of 92% from the May record of 4,498,500 sold in 2016.

Sales of American Silver Eagle Coins in May 1987 – 2018

may sales of american silver eagles 1987 - 2018

American Silver Eagle sales kicked off January with a solid 3.25 million sold, down modestly from recent Januaries but up significantly from the closing months of 2017. Feb, March and April 2018 sales of American Silver Eagles were 942,500, 915,000, 915,000, respectively. May 2018 sales of American Silver Eagles were the lowest May total since 2005 when just 305,000 ASEs were sold.

American Silver Eagle Sales in Recent Years

Sales of American Silver Eagles have hit records in each of 2013- 2015 with record sales of 47,000,000 ASEs in 2015, up from the prior record of 44,006,000 sold in 2014 which was up from a record 42,675,000 sold in 2013. In 2016, sales of American Silver Eagles fell to 37,701,500. Sales of American Silver Eagles fell further in 2017 to 18,065,000. American Silver Eagle sales in 2018 May are on pace to be lower than 2017 ASE sales.

Silver eagle sales 2017 vs 2018 through May

American Silver Eagle Sales 1986 - 2017
Sales of American Silver Eagle have slowed considerably since the summer of 2016 and were down over 50% in 2017. American Silver Eagle sales in 2018 appear to be headed for a further annual decline.
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Silver Price Relatively Unchanged Over Ten Years

The price of silver since hitting its peak of about $50 in 2011 and declining from 2011-2015 has remained mostly in a range of around $15-18 from 2015 to early 2018. Many chartists view this as a base building period for silver, in anticipation of a move higher. Silver is known for its prior sudden and historic price spikes. You can see from the chart below the swift uptick of the price of silver in 2010 and 2011.

Silver Price 2008 - 2018 June 4 2018

American Silver Eagle demand is not reliable gauge of the price of silver. American Silver Eagle sales rose while the price was rising in 2010-2011 and also rose to record levels in 2015 when the silver price was falling to recent lows. Rather than try to time the market, many silver buyers employ dollar cost averaging whereby they purchase American Silver Eagles every month or every quarter in order to smooth out any price fluctuations and avoid going “all in” at high price.

The price of silver in 2018 continues to trade in a narrow range and through June 4 is down about 4%.

Silver price year to date June 4 2018

BGASC.com sells American Silver Eagles at competitive prices. American Silver Eagles are available for sale individually or in rolls of twenty or “monster boxes” of five hundred coins.

American Silver Eagle roll 2018
Click to Buy 2018 American Silver Eagle rolls.
2018 American Silver Eagle Monster box
Click to Buy 2018 American Silver Eagle Monster Boxes.

BGASC.com also sells backed dated American Silver Eagles. Click here to browse pre 2018 ASE’s for sale.

About the American Silver Eagle coin

American Silver Eagle coins are .999 pure silver (ASE’s contain .0007 copper), rather than .9999 silver. The obverse of an American Silver Eagle coin boasts the same design as the obverse of the “Liberty Walking” U.S. $.50 piece that was minted from 1916-1947 of 90% silver and 10% copper. The front of a Liberty Walking Half Dollar and an American Silver Eagle coin features a walking lady liberty depiction designed by Adolph A. Weinman who also worked with Augustus Saint Gaudens, whose design appears on the U.S. gold Double Eagle coin (1907 – 1933) and the contemporary American Gold Eagle coin (1986 – present)

American Silver Eagle sales data from USMINT.GOV

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This article by BGASC is not, and should not be regarded as, investment advice or as a recommendation regarding any particular course of action.