2009 Silver Eagles Set Explosive Records: 16.6M Sold, 2.8M in July Alone

American Eagle Silver Bullion Coins were on a tear last month, earning the top spot for the most ever sold in July, and hitting the highest total during the first seven months of a year.

Following a May dip, June silver eagles sales soared to mark the third best month of an explosive year. But new US Mint figures show July coin sales were even more brilliant. The Mint sold 2,810,000 silver eagles for an increase of 565,000, or 25.2 percent, over the prior month.

More impressive, sales have been heating up during a season when they are traditionally the coldest. And year-over-year comparisons show July 2009 dominated same-month sales of past years, as the following chart illustrates:

Silver Eagle Bullion Coin Sales: July Only (1986-2009)

Despite being a summer month, July ranked as the second best month of 2009. An extremely suggestive hint for a continuing smashing sales year.

For the first seven months of this year, 16,634,500 silver eagles have been sold by the US Mint to its authorized purchasers, who in turn resell the bullion coins to investors, dealers, and directly to the public. By comparison, 20,583,000 were sold in record-setting 2008. At the current pace, within two months the 2008 record will be topped.

The following chart shows how hot this year has been for eagles compared to prior years.

Silver Eagle Bullion Coin Sales: January - July Totals (1986-2009)

The US Mint has not indicated when it will produce collector proof and uncirculated 2009 eagles. The collector silver coins were suspended earlier in the year due to "unprecedented demand" for bullion versions and the resulting lack of silver coin blanks. Recent Mint notices seem to suggest the blank inventory problem has been resolved.

Related Silver or Coin News:

1. Record 2.13 Million Silver Eagle Coins Sold in August American Silver Eagle Coins hit another new record last month. The US Mint sold 2.13 million of the bullion coins, which is the most ever for an August month. That may surprise those who watch the series, given the total is actually down substantially -- 24.2 percent -- from July's record 2.81 million. Further, while July [...]...
2. 2009 American Eagle Silver Coins Pass 18 Million Sold Before August has ended and with more than 4 months of this year remaining, 2009 Bullion American Eagle Silver Coins have smashed a hefty barrier and are on track for a new yearly record. As of Tuesday, Aug. 25, the investor version of the silver eagles topped the 18 million marker -- to be exact, [...]...
3. American Eagle Silver Bullion Coins Smash Sales Records 2009 American Eagle Silver Bullion Coins have shattered past monthly sales records, and are racing toward a dramatic historic yearly total. Earlier this year, Silver Coins Today showed record eagle sales for the first two months of 2009. Demand for the eagles by then had hit an all time February high [...]...