November 2010 Silver Eagle Bullion Coin Sales Hit 4.26 Million Record

by on December 4, 2010 · 3 comments

American Silver Eagle bullion coins sprinted out US Mint doors in November 2010. Prior sales records were shattered left, right and center.

2010-Dated Silver Eagle Bullion Coin

2010 Silver Eagle coin sales were higher for a second straight month, supported by physical demand driven by November silver prices which soared 15 percent and reached above $29 an ounce. But more impressive for the .999 fine silver pieces:

  • November was their best ever month
  • They broke the all-time mintage record
  • Their year-to-date sales became an annual record

For background on the last two records and when they first occurred in November, read the article 2010 Silver Eagle Scores Three Records.

As for the final monthly milestone, US Mint dealers purchased 4.26 million Silver Eagles in November. That handily topped the previous 3.696 million record set in December 1986. It also easily eclipsed each of the months this year — several of which were among the best since the series launched.

US Mint 2010 Silver Eagle Bullion Coin Sales

January 3,592,500 3
February 2,050,000 10
March 3,381,000 4
April 2,507,500 8
May 3,636,500 2
June 3,001,000 6
July 2,981,000 7
August 2,451,000 9
September 1,880,000 11
October 3,150,000 5
November 4,260,000 1
YTD 2010 Total 32,890,500  


November is historically one of the strongest times of the year for bullion coins, but last month’s numbers made prior Novembers look tiny by comparison.

Silver Eagle Bullion Coin Sales: November 1986-2010

Silver Eagle Bullion Coin Sales: November 1986-2010

US Mint published figures reveal 32,890,500 of the bullion coins were ordered between January and November — a time during which silver prices soared nearly 68 percent. That is 4.124 million more than in all of 2009, which previously held the annual sales record.

Annual Silver Eagle Bullion Coin Sales: 1986 – November 2010

Annual Silver Eagle Bullion Coin Sales: 1986 - November 2010

Since their debut in October 1986, the investment grade coins have had average sales of slightly more than 800,000 per month. However, this number has been significantly skewed in the last few years due to record level Silver Eagle demand. Pull out coin purchases in 2008, 2009 and 2010 and the monthly average falls toward 600,000.

2010 Silver Eagle bullion coin should not be confused with the 2010 Proof Silver Eagle which was released on November 19. US Mint bullion pieces do not have collector finishes or the West Point “W” mintmark. Additionally, the US Mint does not sell bullion coins directly to the public like it does with proof eagles or other collector coins. Instead, the US Mint uses a network of Authorized Purchasers who buy bullion eagles in quantity, and then resell them for a small premium over the current silver spot price.

{ 3 comments… read them below or add one }

bernie December 4, 2010 at 6:26 pm

Nov 11 Max Keiser launched his crash JPM buy silver campain on the Alex Jones show!

Koichi Ito December 5, 2010 at 8:26 am

Since Silver and Gold Bullion Coins are in high demand, MInt might replace these precious metals with metals such as Niobium, Tantalum, and Tungsten? So we might expect that silver price might rise above $50.00 per ounce next year as well as gold going to be at least $2000.00 per ounce!

Megiddo December 5, 2010 at 9:00 am

Do we really need to crash another big bank? The Obama Administration and helicopter Ben will just bail them out with OUR tax dollars. However, once the actual shortages of physical are realized, (I’d think) metals prices would rocket exponentially. I see $50.00 silver soon; $2,000 gold may be down the road a couple years.

Leave a Comment