US Mint Proof and Uncirculated Silver Coin Demand Retreats

Despite and uptrend in silver prices during the last 2 1/2 weeks, American Eagle Silver Bullion Coin demand appears to be declining in September, according to the latest US Mint stats.

Silver Eagles advanced 450,000 last week. But the newest increase is a mere shadow by comparison with just 150,000 added. A total of 600,000 have been sold in September.

Unless there is a quick turnaround, September could end up as the worst month of the year for the eagles. Contrast that to the 2.13 million eagles sold in August, the most ever for an August month.

Last week's report showed across the board increases in proof and uncirculated silver coins and sets -- above and beyond the prior week's gains. That is not the case with the latest round of data. Every coin and set retreated slightly, with the exception of the uncirculated 2009 Braille Silver Dollar which registered the same 249 in new sales.

2009 Silver Proof Sets increased by 13,311, but that was down from the prior 16,278. A milestone is within reach for the sets. In looking at the numbers, sales are almost certain to top 500,000 before the end of the month. An average of 8,000 a week is all it will take.

The following two tables have the latest US Mint stats for collector silver coins and sets and bullion silver eagles.

U.S. Mint Silver Coin Sales Stats

(Sales compare previous to current Mint figures)

	Previous Sales	New Sales	Unit Increase	% Increase	Mintage Limit
2008 American Eagle Silver Dollar Proof*	713,353	713,353	0	0.00%	none
2008 American Eagle Silver Dollar Uncirculated*	444,558	444,558	0	0.00%	none
2009 Lincoln Silver Proof*	325,000	325,000	0	0.00%	500,000
2009 Lincoln Silver Uncirculated*	125,000	125,000	0	0.00%
2009 Braille Silver Proof	119,794	120,867	1,073	0.90%	400,000
2009 Braille Silver Uncirculated	44,563	44,812	249	0.56%
Braille Uncirculated in Easy-Open Capsule	19,655	19,851	196	1.00%
2009 Silver Proof Set	470,707	484,018	13,311	2.83%	none
2009 Quarters Silver Proof Set	231,218	234,232	3,014	1.30%	none
2008 Annual Uncirculated Dollar Coin Set	75,969	76,699	730	0.96%	none
2008 U.S. Mint Silver Proof Set*	774,874	774,874	0	0.0%	none

 

*Coin products with an asterisk are no longer available. Sunday, Sept. 13, is the "as of date" for the US Mint collector coin sales figures shown above.

American Silver Eagle Bullion Coin Sales in September

Aug 2	Aug 9	Aug 16	Aug 23	Aug 30
0	450,000	600,000	-	-

 

For another flavor on silver bullion sales, read the CoinNews article: Silver Eagles Slow in September.

The previous reported sales figures are located at US Mint Silver Coins Sales Rise. The Silver Coins Today tool page Mint Prices & Sales has been updated with the latest Mint numbers.

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