2010 Silver Eagle Bullion Annual Sales Record at 34.6 Million

January 7, 2011 by · Leave a Comment 

2010 Silver Eagle Bullion Coin

Buyers snapped up 34,662,500 Silver Eagle bullion coins in 2010, capping the best sales year ever for the series which was introduced in October 1986 as a means to purchase silver inexpensively.

The weakest month in 2010 for Silver Eagle bullion sales turned out to be December at 1.772 million, representing a drop of 36 percent from the same period last year.

Ironically, November was the biggest month. Three records were hit. They included the best ever monthly sales along with two yearly levels — the previous annual sales and prior year-dated Silver Eagle mintage records were toppled during November.

2010 American Silver Eagle Bullion Sales by Month

January 3,592,500
February 2,050,000
March 3,381,000
April 2,507,500
May 3,636,500
June 3,001,000
July 2,981,000
August 2,451,000
September 1,880,000
October 3,150,000
November 4,260,000
December 1,772,000
2010 Silver Eagle bullion Sales 34,662,500


Despite December having the lowest monthly sales total in 2010 for Silver Eagles, it was not the worst month of the year in terms of total ounces leaving Mint doors. The US Mint also sold 825,000 ounces of the new America the Beautiful Silver Bullion Coins. Add those into the mix and the final month of the year climbs a few spots, making December the seventh best month in 2010 for silver bullion sales.

Perhaps most interesting, the US Mint sold 241,277,000 of the bullion Silver Eagles between 1986 and 2010.

American Silver Eagle Bullion Sales by Year

1986 5,096,000
1987 9,420,000
1988 5,869,000
1989 6,166,000
1990 7,247,000
1991 6,952,000
1992 5,544,000
1993 5,890,000
1994 5,540,500
1995 4,590,000
1996 3,466,000
1997 3,636,000
1998 4,320,000
1999 9,008,500
2000 9,133,000
2001 8,827,500
2002 10,475,500
2003 9,153,500
2004 9,617,000
2005 8,405,000
2006 10,021,000
2007 9,887,000
2008 19,583,500
2009 28,766,500
2010 34,662,500
Total Sales 241,277,000


The US Mint began accepting orders for bullion 2011 Silver Eagles on January 3, 2011. However, the Mint also has remaining inventory of the 2010-dated eagles which it is requiring its authorized dealers to order with any new 2011 purchases. As such, the final mintage level for the 2010 Silver Eagle has not been announced.

The bullion eagles should not be confused with the numismatic proof versions, which not only have the special finish collectors seek, but bear the "W" mintmark denoting their production at West Point. Also, numismatic proof eagles are sold directly by the US Mint to the public. Bullion American Eagle coins are not. The US Mint uses 11 Authorized Purchasers who buy bullion coins in bulk and then resell them to coin dealers, precious metals suppliers and other companies who offer them in smaller quantities.


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