Canadian Maple Leaf Sales Beat All Records

According to the information just released by the Royal Canadian Mint, sales of Gold & Silver Maples are beating all records.  Not only are Canadian Maple sales surpassing its own previous records, Gold Maple Leaf sales actually out performed U.S. Gold Eagles during the second quarter of 2013.

The Royal Canadian Mint just published its Q2 2013 Fiscal Report showing that it sold 403,000 oz of Gold Maples in the 13 week period ending on June 29th, 2013 compared to 165,000 during the same period last year.  Furthermore, Silver Maple Leaf sales increased to 6.4 million Q2 2013 compared to 4 million in Q2 2012.

Q2 2013 Canadian Maple Leaf Sales

Here we can see that Silver Maple sales have increased 60% y.o.y (year over year) while Gold Maples are up a staggering 144%.  As mentioned above, what is even more surprising is that Gold Maples have surpassed Gold Eagles during this time period.

The U.S. Mint sold 336,500 oz in Gold Eagles during the second quarter of 2013, whereas the Royal Canadian Mint recorded 403,000 in sales.  Gold Maple sales were 20% higher than Gold Eagles during Q2 2013.

Canadian Maple Leaf sales year to date are on track to beat both 2012 and 2011 records.  In the first 6 months of the year, Gold Maple sales were 664,000 oz compared to 302,000 oz in 1H 2012 and 502,100, 1H 2011.  Silver Maples increased to 12.1 million up from 8 million, 1H 2012 and 11.4 million in 1H 2011.

1H 2013 Canadian Maple Leaf Sales B

Even though Silver Maple sales (+53%) are up considerably since last year, Gold Maples (+123%) have increased the most in percentage terms.  Furthermore, total Gold Maple sales in 2012 were only 883,048 oz, while 2011’s record was 1,150,285 oz.  If the present trend continues, we may see 1.2-1.3 million oz of Gold Maple sales for 2013.

Additionally, Silver Maple sales are on track to reach 24 million oz in 2013 which will beat the sales of 18.1 million in 2012 and possibly the 2011 record of 23.1 million.

Together, Silver Maple and Silver Eagle sales will hit between 68-71 million oz in 2013.  This is an amazing figure as it represents 9% of total world silver production of 787 million ounces in 2012.  Also, we must remember this 9% investment demand is just from these two Official Mints.

If we consider the sales of additional commemorative silver coins as well as sales from the other official mints, total figures for 2013 will more than likely top 2011’s total of 118.2 million oz (2013 World Silver Survey) by at least 10 million oz.

Even though sales of official gold and silver coins have picked up dramatically, this is only a preview of the huge demand to come in the future as the public wakes up to the GREAT PRECIOUS METAL TRANSFER OF WEALTH.

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7 Comments on "Canadian Maple Leaf Sales Beat All Records"

  1. perth, european mints, chinese panda and etc., total world silver coin production will be around 100 million ounces in 2013!

    • judejin… yes, I believe we are going to see well above 100 million oz of Official Govt Silver coins in 2013. Actually, we had 118.2 million in 2011 (According to the World Silver Survey). That figure includes the 40 million Silver Eagles & 23 million (63 million total) Silver Maples in 2011.

      As I mentioned in the article, I believe we are going to see 68-71 million Silver Maples in 2013 plus all the other mints increased sales figures. I believe we may see north of 125 million oz of Official coins in 2013.

      steve

  2. Excellent Steve, I saw this data point and then said to myself, “can’t wait to hear SRS cover this”.

    I wish we had figures from each private mint we could tabulate into the total silver bullion sold total. I know that wouldn’t include 1000 oz good delivery bars, but that would give us a great way to gauge true demand. Thanks for staying on top of this.

    Oh! And considering you’ve said KGHM will produce about 6 million oz less YOY, and that Mexico is on pace to produce 15 million oz less YOY….where the hell are the powers getting this silver from? Surely this thing’s gotta snap, and soon! Where’s the newest offer from Sprott Money on PSLV when you need it?

    • Cleburne61… I totally understand what you are saying. However, there is a great deal of BUFFER as it pertains to physical supplies in the silver markets. Even though we can see 10-20 million oz decline in production, there is still a great deal of scrap and etc.

      That being said, I am not concerned too much about the present SUPPLY & DEMAND forces, but rather what takes place in the next 6-24 months when things get out of control. We have no idea what the demand would look like when the pubic wakes up and smells the coffee.

      When that occurs, there just won’t be any silver available… unlike the 1978-1980 period. Today, its a global event.

      steve

  3. Steve,

    I’m glad to count myself as somebody who contributed, in a very small way, to the record breaking Canadian Maple Leaf sales.

    I would like your opinion on when we could see the next major move in silver, around the $50 level?

    • Aaron… good to see that you are still purchasing REAL STORES OF WEALTH. You know I don’t like to forecast the price because it is virtually impossible. I hear the folks on King World News are back at it again gloating that the price of gold and silver will be hitting new highs in 2014.

      Don’t get me wrong, but I am all for seeing much higher prices, but there have been way too many bad calls, that I try to stick away from it.

      On the other hand, my GUT tells me that we could see some serious fireworks here in the next 6-24 months.

      steve

  4. Steve, just fyi and that of your sites visitors, one of the largest Western Canadian coin and bullion dealers are selling a GML for $47.00 USD above spot and a SML for $2.85 USD above spot. Prices as of 16:55 hrs. PDT.
    http://www.bordergold.com

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