Despite record pandemic sales, Silver Eagle coin sales lag.

Media reports claim the U.S. Mint is sharply limiting American Silver Eagle coin orders for the remainder of this year in order to conserve coin blanks for next year’s 2022 Silver Eagle bullion coin program.

Meanwhile, year-to-date sales of American Eagle gold bullion coins at the end of November totaled 800,500 gold ounces, surpassing last year’s total sales of 753,000 ounces.

Despite sales this year, which have already shattered all-time records, November American Silver Eagle bullion coins sales actually declined by 787,000 coins from October sales. U.S. Mint figures show 2.3 million Silver Eagle bullion coins were sold in November, down from 3,087,000 coins in October and 3,159,500 coins sold in November.

“The lower sales figures for November do not reflect a drop in demand for silver bullion coins, but rather the opposite due to the fact that the U.S. Mint has run out of coins due to unprecedented demand,” said the website Gold and Silver Blog.

The Mint sold a total of 41,475,000 silver bullion coins as of November 30, shattering the previous record sales year of 39,868,500 coins for 2011.

The U.S. Mint was to have issued its last weekly allocation of Silver Eagles on December 9. Last year, the Mint unexpectedly sold out of 2012 Silver Eagles on Dec.. The 2022 Silver Eagle bullion coins will not be available to order until Jan.13, 2022.

AMERICAN GOLD EAGLE BULLION

The Mint reported 48,000 ounces in American Gold Eagle bullion coins were sold in November of this year, down from 48,500 ounces in October and 136,500 ounces in November.

However, year-to-date total American Gold Eagle coin sales were 800,000 ounces, already beating the 2021 total Gold Eagle sales of 753,000 gold ounces.

By Alexandre Laurent

Alexandre Laurentl is working in the jewelry and investment gold since 2002. Alexandre graduated from The Normandy School of Business and from the University of Perpignan a Bachelor of economics in 1995.

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