US Mint Proof and Uncirculated Silver Coin Demand Retreats
September 16, 2009 by Silver Coins Today · Leave a Comment
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.