U.S. Mint Nearly Sells Out Of Its Weekly Silver Eagle Allocation In Two Days

Silver Eagles US Mint San Fran

After a slower than average sales month in January, Silver Eagle sales picked up significantly in February.  In the first eleven days of the month, the U.S. Mint sold nearly 1.7 million Silver Eagles.

In a recent article, I mentioned that I spoke with Michael White, Public Affairs person for the U.S. Mint.  I recently received a reply from Mr. White and continue to get updates and information from his office on Eagle Sales.

Mr. White stated that the reason the U.S. Mint took more time to roll out the 2014 Silver Eagles this year was due to the exceptionally high volume of sales in 2013.

On Monday, the U.S. Mint updated their Silver Eagle sales figures to 1,442,000 oz.  Mr. White sent me an email stating that they sold 592,000 Silver Eagles on Monday and the total allocation for the week was 900,000 oz.

As you can see from the U.S. Mint figures below, they sold an additional 249,500 Silver Eagles today (Tuesday) for a total of 1,691,500 coins.

Silver Eagles Update 21114

Total Silver Eagle sales for Monday & Tuesday hit 841,500 oz.  Thus, the U.S. Mint only has 58,500 Silver Eagles to sell to its Authorized Dealers for the rest of the week.

Furthermore, Silver Eagle sales continue to outpace Gold Eagle sales in a big way.  For the month of February, here are the total sales of Gold & Silver Eagles to date:

Gold Eagles = 11,000 oz

Silver Eagles = 1,691,000 oz

Silver to Gold Eagle Ratio = 154/1

While Gold & Silver Eagle sales are a small part of the overall huge global precious metal market, they provide a good indicator of what is taking place in the retail industry.

As the Eastern Central Banks and large investors continue to focus on purchasing tremendous quantities of wholesale gold, retail investors are buying a great deal more silver.

At some point, a physical shortage in one will create huge demand for the other.  Gold & Silver are excellent stores of value because they store “Economic Energy.”  The majority of paper assets that the world has invested its hard-earned fiat currency are not stores of value but rather, “Economic Energy IOU’s”

Thus, energy needs to be burned to allow these ASSETS, LIABILITIES to be settled or paid back in the future.  This wasn’t too much of a problem when the world was able to increase its global oil supply, but now that the world is experiencing a Peak Oil Plateau and soon decline… it will rain death on these supposed paper assets.

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(Picture above:  stacks of American Silver Eagle coins at San Fransisco Mint/ courtesy of CoinNews.net)

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6 Comments on "U.S. Mint Nearly Sells Out Of Its Weekly Silver Eagle Allocation In Two Days"

  1. I’m looking forward to the USGS silver report for 2013. Any email exchanges giving you insight on its release?

    • brendan,

      I spoke with the new USGS Silver Specialist Florence C. Katrivanos several weeks ago. She has taken over the position because the previous silver specialist suddenly passed-away. So, now she has to do several jobs.

      This seems to be the ongoing problem in Govt positions — fewer employees and more work.

      Anyhow, the USGS Silver Mineral Surveys should be out shortly.

      steve

  2. “WICKED DEBT FRAUD” The one and ONLY answer to the debt problem is to declare it null and void because of FRAUD! It is fraud because it is mathematically impossible to repay ! It can not be repaid because the interest is never created on the loan and that is fraud ! And fraud voids all ! If we don’t void all out of thin air debt the bankers will own almost EVERYTHING ! And we will be homeless slaves ! They have a license to counterfeit ! Can I counterfeit the money to repay the loan ? Why not ? If we even attempt to repay a impossible debt (the national debt) all we do is show our ignorance ! The way to fix this mess is so simple a 3rd grader can figure it out ! We void the fraudulent debt! and everyone keeps ALL the items they have so called debt on ! And then we start to use a debt free currency and / or gold and silver ! And then we will have a robust economy like never before — OR WE LET THE BANKERS STEAL EVERYTHING !
    I was in about the third grade when the news was talking about the national debt and I asked my dad who do we owe money to and who could possibly be richer than the United States? and where did they get the money? And then my dad took a gulp off his beer and said we owe it to our self ! I said that’s the dumbest thing I ever heard of ! that’s like me borrowing from my right pocket and setting fire to the interest and putting the rest in my left pocket ! This was about 1972 ! But Dad was wrong! We owe it to international Bankers running the biggest Ponzi scheme on earth called The Federal reserve system! And yes it really is this simple ! The bankers have a shoe in on ALL loans they make ! All they have to do is stop lending and then start foreclosing on ALL debts!-meaning they now own everything that has a debt by having a license to counterfeit ! So we” 1″ keep getting fleeced by continuing to pay this fraudulent scheme ! OR” 2 “we declare ALL out of thin air debt NULL AND VOID because of FRAUD ! And we keep everything we have so called debt on! MOST people don’t get this part Every car, boat, house, machine, tool, farm,ect. has already been paid for by the fraudulent paper! So no one looses ! WE sure as hell cant give it to the banksters! (let them steal it) AND IT DOESENT MATTER IF YOU WANT TO REDUCE THE DEBT 99% ITS STILL UNPAYABLE! So when we void the FRAUD This will be the ultimate FRESH start for everyone ! Share this if you want THE solution to the WORLDS problems! If not everything will continue to get worse until we have HONEST DEBT FREE MONEY /and GOLD AND SILVER ! And there is plenty of gold and silver! just Divide the paper money (FRN) by the gold /silver and you have the value of them! NO MATTER WHAT IT COMES TO per OZ ! Then we would be happy to work for SAY A ONE OZ. SILVER COIN A day ! Because a one OZ. silver coin ( REAL MONEY ) will buy what $100 – $200 did before the reset! THINK ABOUT IT! This is what Scripture calls the jubilee ! “WICKED” Debt And the amount and size of the debt has nothing to do with it being mathematically impossible to pay This fraud is so “WICKED” that even a $10 loan is a Ponzi scheme here’s how it works ! I’m the new banks first customer ( CHUMP ) I borrow $10 @ 1% interest I now owe the bank $10.10 but ALL the money in the world is $10 the .10 cents doesn’t exist so some one else has to borrow some so called money and I have to find a way to get .10 cents from them so I can repay my loan ! Now say they borrowed $10 also now I somehow get .10 cents from them to pay my loan back ! But now he is short .20 cents to pay his loan ! so now you can see how a $100,000. house that will cost you $ 265,000 to pay off because you have to pay $165,000 in interest is a GIGANTIC PONZI SCHEME ! Now multiply that by millions of people in the U.S. and you can see how It turned into the monster debt we see today ! And for the loans that do get repaid multiple people have to default on there loans for you to pay off your loan ! NOW you can understand why we have a rapidly growing homeless problem ! Now that is a WICKED debt money system that we must declare Void !

    • You are correct and they just celebrated 100 years bilking this country, All the Media and business world is under their control and were surrounded by mindless voters who have no clue. Kennedy got taken down from wanting to go to the Gold standard and abolish the FED, Bill oreilly is a jerk pushing his BS Killing Kennedy book.

  3. thanks spud runner for your explanation and energy in fighting for true freedom–not some pie in the sky freedom!

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