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2009 Silver Eagle Bullion Coins Scorching Hot

Posted By Mike Unser

Sales of 2009 Silver Eagle Bullion Coins are blistering hot, with an incredible record-breaking pace of 9.64 million sold through Monday, April 27, according to the latest US Mint sales stats.

Total Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*

Total Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*
*Total for April shows reported US Mint sales up through April 27.

More silver eagles have been sold during February, March and even an unfinished April than any corresponding month since the American Eagle series was launched in 1986. What happened in January 2009? It was a great month for the eagles as well, coming in second place behind the record sales in January 2008.

Monthly Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*

Monthly Silver Eagle Bullion Coin Sales, Jan-Apr (2000-2009)*
*Total for April shows reported US Mint sales up through April 27.

2008 proved to be an exceptional year for the series, with historic sales at 19,583,500. At the current 2009 rate, more than half of that amount will be sold in just four months. There is a potential to shatter last year?s record.

With the bullion coins continuing to sell like hot cakes, a question comes to mind as to whether the 2009 collector versions will ever get minted. In early March, the Mint suspended 2009-W American Eagle Silver coins, saying in part:

 

American Eagle Silver Uncirculated coinProduction of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins.

Currently, all available silver bullion blanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins "in quantities sufficient to meet public demand . . . ."

The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

 

Since the statement, flash forward nearly two months to today. Based on silver coin bullion sales, the Mint appears to be facing a steeper hill and more difficult climb. Will it be able to build an inventory of silver blanks for the collector silver eagles?

The following two tables show sales by month and totals from 2000-2009:

  2000 2001 2002 2003 2004
January 1,011,500 779,500 913,500 1,725,000 1,392,500
February 808,500 846,500 905,000 1,055,000 1,281,000
March 851,500 786,000 797,000 876,000 348,000
April 804,500 562,000 815,000 434,000 680,000
January -
April
3,476,000 2,974,000 3,430,500 4,090,000 3,701,500
  2005 2006 2007 2008 2009
January 1,095,000 1,115,000 1,070,000 2,170,000 1,900,000
February 500,000 993,000 500,000 200,000 2,125,000
March 650,000 1,072,000 762,000 1,855,000 3,132,000
April 480,000 1,395,000 280,000 1,584,000 2,479,500
January -
April
2,725,000 4,575,000 2,612,000 5,809,000 9,636,500

 



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