{"id":28671,"date":"2021-07-07T16:35:36","date_gmt":"2021-07-07T22:35:36","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=28671"},"modified":"2021-09-17T11:19:09","modified_gmt":"2021-09-17T21:19:09","slug":"new-sales-figures-released-from-u-s-mint-update-on-silver-gold-eagle-maple-sales-2021","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/new-sales-figures-released-from-u-s-mint-update-on-silver-gold-eagle-maple-sales-2021\/","title":{"rendered":"NEW SALES FIGURES RELEASED FROM U.S. MINT: Update On Silver-Gold Eagle & Maple Sales 2021"},"content":{"rendered":"

After nearly three months, the U.S. Mint has finally updated its Silver & Gold Eagle sales.\u00a0 With the U.S. Mint releasing its new Silver & Gold Eagle designs this month, they stopped updating Silver Eagle sales in the middle of April.\u00a0 However, it looks like the U.S. Mint went back and updated June, showing a significant figure.<\/p>\n

I don’t know if these figures shown in the chart below include the New Designs… I don’t believe they do.\u00a0 If that is true, we will likely see a huge sales figure for July as the Authorized Participants start to acquire their stock.\u00a0 The U.S. Mint posted ZERO sales for June, but has now updated that to show 2.8 million.<\/strong><\/span><\/p>\n

\"\"<\/p>\n

Furthermore, there are 849,000 Silver Eagles sold in July.\u00a0 It will be interesting to see how many more Silver Eagles are sold by the end of the month as the U.S. Mint begins to ROLL OUT the new design.<\/p>\n

Gold Eagle sales also jumped in June to 182,000 oz.\u00a0 When I made the chart earlier today, the U.S. Mint posted 18,000 oz so far for July.\u00a0 But, when I checked the website just a few minutes ago, they added another 8,000 oz to a total of 26,000 oz.<\/p>\n

\"\"<\/p>\n

Now… if we compare the first half of 2020 to 2021, Silver & Gold Eagle sales this year are considerably stronger, especially Gold Eagles.\u00a0 Total Silver Eagle sales were 12.6 million Jan-Jun 2020 versus 15.9 million for the same period this year.<\/strong><\/span>\u00a0 So, with the Covid-19 shutdowns last year and the U.S. Mint changing over to a new design this year, Silver Eagle sales are 3.3 million higher.<\/p>\n

\"\"<\/p>\n

While Silver Eagle sales 1H 2021 are 26% higher than the same period last year, Gold Eagle sales are up a stunning 72%.<\/strong><\/span>\u00a0 Gold Eagle sales were 379,000 oz 1H 2020 compared to 653,000 oz 1H 2021.<\/p>\n

\"\"<\/p>\n

It will be interesting to see second-half Silver & Gold Eagle sales because that would be a TELL-TALE sign suggesting strong investor demand will continue even if we see lower spot prices.<\/p>\n

\"\"<\/p>\n

According to the Royal Canadian Mint, sales of silver bullion (mostly Silver Maples and some silver bars), total sales reached 9.9 million oz in the first quarter of 2021.\u00a0 The Royal Canadian Mint will likely release its Q2 2021 figures towards the end of August.\u00a0 \u00a0Here are the comparisons for the Silver & Gold bullion sales from the Royal Canadian Mint:<\/p>\n

Royal Canadian Mint Silver & Gold Bullion 1H 2020<\/strong><\/span><\/p>\n

Q1 2020 Silver Bullion = 6,565,000 oz<\/p>\n

Q2 2020 Silver Bullion = 7,200,000 oz<\/p>\n

1H 2020 Silver Bullion = 13,765,000 oz<\/strong><\/p>\n

Q1 2020 Gold Bullion = 196,500 oz<\/p>\n

Q2 2020 Gold Bullion = 198,100 oz<\/p>\n

1H 2020 Gold Bullion = 394,600 oz<\/strong><\/p>\n

Royal Canadian Mint Silver & Gold Bullion Q1 2021<\/strong><\/span><\/p>\n

Q1 2021 Silver Bullion =9,900,000 oz<\/p>\n

Q1 2021 Gold Bullion = 328,500 oz<\/p>\n

We can see that the Royal Canadian Mint Silver Bullion sales are 3.3 million higher during Q1 2021 compared to the same period last year, while Gold Bullion is up 67% to 328,500 oz.\u00a0<\/strong><\/span> I’d imagine the Royal Canadian Mint Silver & Gold Maple sales (including bars) will likely be quite strong in Q2.\u00a0 Moreover, we will likely see solid Royal Canadian Mint Silver Bullion sales due to a shut down in production from the U.S. Mint as it retooled its production to the new design for the past several months.<\/p>\n

I will continue to put out updates as the Mints release their sales figures.<\/p>\n

Any information (data, charts & graphs) that are published for free public use, can be republished elsewhere.<\/p>\n