BREAKING NEWS: Global Silver Coin Sales Reach All-Time Record 2021

Investors bought a record amount of silver bullion coins as the Fed, and central banks continued to prop up the global economy and financial system with massive asset purchases in 2021.  And, this looks to continue into 2022 as the U.S. Mint Silver Eagle sales have already reached 4.4 million in January.

According to the 2021 World Silver Survey, Silver Coin sales were estimated to be 147.7 million oz in 2021.  However, they have revised their total silver bar and coin demand higher for 2021, thus I believe silver coin sales topped 150 million oz (Moz).

Interestingly, the 150 Moz figure is that several countries experienced a significant increase in demand for their official silver coin sales last year due to higher premiums for U.S. Silver Eagles and Canadian Maple Leaf coins.  Investors turned to the South African Krugerrands, Austrian Philharmonics, and U.K. Britannia’s, selling for much lower premiums.  We won’t know the exact sales totals of these official coins until the 2022 World Silver Survey is released in May.

I also wanted to let you know that CLOUD HARD ASSETS sells Silver Krugerrands & Silver Philharmonics (& Britannias) at only $3.75 over spot.  If you go to the large online dealers and compare prices, you will find out that Cloud Hard Assets has the best prices.

Breaking News… just published that the Australian Perth Mint Silver bullion sales for 2021 also reached a record high of 19 Moz.  It seems as if the official mints around the world are seeing record demand for silver coins.

Interestingly, Silver Eagle sales were slightly lower in 2021 to 28.2 Moz versus 30 Moz in 2020.  For whatever reason, the U.S. Mint sold very few Silver Eagles in November and zero for December.  But, I believe we will see continued strong Silver Eagle sales this year if the U.S. Mint can access enough silver blanks to meet demand.

Also, the Royal Canadian Mint reported Q1-Q3 2021 total Silver Maple and Bar sales were 27.8 Moz.  So, I would estimate Canadian Silver Maple and coin sales will likely surpass 35-36 Moz in 2021, up from 33.3 Moz in 2020.

Lastly, it seems investors are demanding more Silver Coins over Silver Bars.  The World Silver Survey estimated last year 148 Moz of Silver Coin demand versus only 105 Moz for Silver Bar.  The advantage of Official Silver Coins is that most of the public would recognize the coins are 1 oz, and because they are smaller, they are easier to trade or sell than the larger 10-100 oz bars.

You can contact Tom, Dan, or Jade… Click here: CLOUD HARD ASSETS.  You can also call (800) 247-2812.

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9 Comments on "BREAKING NEWS: Global Silver Coin Sales Reach All-Time Record 2021"

  1. 150 million oz? GLOBALLY? That doesn’t really sound like a lot. Even if everyone in the US were to buy just one oz, that’s over 300 million. Much less India. Not sure that very many people are awake to this yet.

    • DisappearingCulture | January 24, 2022 at 2:57 pm |

      And yet the public is buying so many ASE’s the U.S. Mint can only keep up by charging high premiums.

      • DisappearingCulture | January 24, 2022 at 3:12 pm |

        Also when new sovereign coins start at about $3.75 over spot [about 15%], what will those premiums do if sales increase by 25% in 2022?

    • Tax Donkey,

      In the whole scheme of things, no it doesn’t sound like a lot, but that is one hell of a lot of silver being taken off the market. That’s nearly 20% of Global Mine Supply.


  2. Steve, could you bring us up to date on Fortuna Silver Mines and other PM stocks. Thanks.

    • Stan,

      Yes, I will do an update on FSM and the other silver and gold miners in the next week or so. However, I just wanted to warn that I do believe if we are going to see more downside in the broader markets, then we could see continued weakness in the mining shares.


  3. Hat tip to SRSRocco and TacticalTrader for outstanding perspective on Bitcoin. Near as I can tell, you guys stood alone in the cold with critical analysis late last year while most everybody else kept cheerleading like religious zealots. Full points to you both, guys, and best wishes for 2022. Here’s hoping that we can replace the political class with leaders possessing vision and foresight to address all the real troubles ahead.

    • DisappearingCulture | January 26, 2022 at 9:38 am |

      ok but Bitcoin is back to about $38,000 again.
      I’ll believe it drops below 30 when I see it.
      And that could be quite some time from now.

    • TacticalTrader | January 27, 2022 at 6:11 am |


      Thanks for the hat tip.

      Bubbles are brutal that way. Not only do people believe crazy things (such as bitcoin to $1 million by the end of 2021), they also dismiss any criticism… no matter how well researched.

      We have looked into crypto very thoroughly in this series and I haven’t seen anything yet to change my mind about our conclusions:

      As for our positions, we are still waiting for bitcoin to drop towards the $10k level. We are planning to cover our shorts in that area.

      We will publish an update as soon as that happens. Shouldn’t be much longer now.

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