2009 Silver Eagle Bullion Coins Scorching Hot

by Mike Unser on April 28, 2009 · 7 comments

Sales of 2009 Silver Eagle Bullion Coins are blistering hot, with an incredible record-breaking pace of 9.67 million sold through April, according to the latest US Mint sales stats.

Total Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)

Total Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*

More silver eagles have been sold in February, March and April than any corresponding month since the American Eagle series was launched in 1986. What happened in January 2009? It was a great month for the eagles as well, coming in second place behind the record sales in January 2008.

Monthly Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*

Monthly Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*

2008 proved to be an exceptional year for the series, with historic sales at 19,583,500. At the current 2009 rate, nearly half of that amount will be sold in just four months. There is a potential to shatter last year’s record.

With the bullion coins continuing to sell like hot cakes, a question comes to mind as to whether the 2009 collector versions will ever get minted. In early March, the Mint suspended 2009-W American Eagle Silver coins, saying in part:


American Eagle Silver Uncirculated coinProduction of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins.

Currently, all available silver bullion blanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins "in quantities sufficient to meet public demand . . . ."

The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.


Since the statement, flash forward nearly two months to today. Based on silver coin bullion sales, the Mint appears to be facing a steeper hill and more difficult climb. Will it be able to build an inventory of silver blanks for the collector silver eagles?

The following two tables show sales by month and totals from 2000-2009:

2000 2001 2002 2003 2004
January 1,011,500 779,500 913,500 1,725,000 1,392,500
February 808,500 846,500 905,000 1,055,000 1,281,000
March 851,500 786,000 797,000 876,000 348,000
April 804,500 562,000 815,000 434,000 680,000
January –
3,476,000 2,974,000 3,430,500 4,090,000 3,701,500
2005 2006 2007 2008 2009
January 1,095,000 1,115,000 1,070,000 2,170,000 1,900,000
February 500,000 993,000 500,000 200,000 2,125,000
March 650,000 1,072,000 762,000 1,855,000 3,132,000
April 480,000 1,395,000 280,000 1,584,000 2,518,000
January –
2,725,000 4,575,000 2,612,000 5,809,000 9,675,000

[Editor’s update: 2009 US Mint sales figures were updated to include totals to the end of April. Original article posting included tallies up to April 27.]

{ 7 comments… read them below or add one }

Karl Dengler April 29, 2009 at 11:30 pm

Saw your article posted on Coininfo. Yes Silver Eagles are hot,but at the premium dealers have been charging (5.50/spot on average) they are a poor investment. Unlike the low mintage of the 1996 Silver Eagles, the high mintage will prevent the coins from ever bringing a collectors premium. As the mint catches up with with demand, premiums will drop considerably. After all, price that the Mint charges their Distributors is still about $1.35 over spot. If your investing in Silver, buy generic rounds that are available at $1.25/1.75 over spot. When Silver again reaches $25.00 per ounce it will be very unlikely that Dealers will pay much of a premium over generic rounds. In 1980 during the Silver run up, nobody cared whether you had an old silver dollar, (unless rare) or a more recent struck silver round. They were all purchased for the same, melt value +/- Regards.

jimbo June 4, 2009 at 10:15 pm

There is much more paper silver than physical silver. The comex is rigged. I would not own paper silver. I would take delivery of physical silver as soon as possible.

bob July 3, 2009 at 12:10 pm

too bad 2009 silver eagles will have no real value,looks like no proofs or w mints this year.

roid July 18, 2009 at 12:45 pm

2009 is the most common silver eagle ever they will be first to be melted if silver becomes super high.

Collector Keith July 25, 2009 at 9:29 am

(2009) Silver UNC Higher Mintage numbers, lower coin value. This is for me an un-collectable or no value other than silver.
However, if they decided to produce (2009) W Proof in lower than past amounts, that could produce a highly collectable coin.

mr blue August 11, 2009 at 11:41 am

i hear in late septrember the w and proof silver eagles will come out,i bet they will sell out fast,and they might become an key date if they don’t have that much silver.

kre October 13, 2009 at 2:01 pm

I had an order of the 2009 proof silver eagle…. the W. I called the mint, they told me that there will be no 2009 proofs minted… It will not be a “key” date”…. it will be missing. Leave it to the government to not make a profit. These guys would not know how to run a business if they spent 10 years and got a PHD in economics. What a bunch of jokers the govt employees are….. WOW… they could get 50-80 per coin… but there are such jokers they would rather not mint them.

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