Silver Eagle Bullion Coin Sales in September 2011 Rank Second All-Time

American Silver Eagle bullion coins proved to be an example of opposites in September. Sales of the bullion coin were markedly slow in the first two-thirds of the month but sky-rocketed in the remaining days, bringing the total number sold to 4,460,500.

The 4.46+ million in sales qualifies the month as the absolute best September. More astonishing, September entered the record books as the second best month ever for Silver Eagle sales. And that dates back to the coin’s start in 1986. The month ranks immediately behind January which stands at a lofty record height of 6,422,000.

Top 10 Months for Bullion Silver Eagle Coins

 

During much of the first part of September, silver traded within several dollars of its record high established earlier this year. Still, investors ordered over 1.4 million Silver Eagles in the first twenty days. That figure would have been extraordinary just a few years ago, but sales were actually sluggish in comparison to more recent months.

Then, in subsequent days, the silver market started a slide that ended on the 26th with a London Fix of $28.16 an ounce. That drop spurred a buying Silver Eagle frenzy as investors took advantage of the over 25% decrease in their cost since the first part of the month.

With five 2011-dated months in the top ten listing for Silver Eagle sales, it should not be surprising that the year is firmly on track to become their best year ever.

YTD American Silver Eagle Bullion Coin Sales

 

This year’s tally stands at 33,411,500. The previous record holder was established just last year with 34,662,500. The United States Mint only needs to record another 1,251,000 in sales this year to tie the record.