UPDATE: Q1 2016 Canadian Silver Maple Sales Surge To Highest Record Ever

The Royal Canadian Mint just published its Q1 2016 Report, and the silver bullion coin sales figures were stunning to say the least.  Not only did sales of Canadian Silver Maple Leafs surpass its previous record during the third quarter last year, it did so by a wide margin.

Why is this such a big deal?  Because Q1 2016 sales of Silver Maples topped the Q3 2015 record, without surging demand and product shortages.  Last year, there was a huge spike in silver retail investment demand due to the supposed “Shemitah” or the collapse of the broader stock markets.  Investors piled into silver in a big way as they perceived a year-end market crash was inevitable.

During last August and September, some websites stated 2 month delivery wait times for certain products such as Silver Eagles and Silver Maples.  With the huge spike in demand, sales of Canadian Silver Maples reached 9.5 million oz (Moz) in Q3 2015.  Although, once investors became more relaxed as the broader markets turned around, demand for physical silver investment cooled down.  Thus, Silver Maple sales declined to 9.1 Moz in the last quarter of 2015.

However, something very interesting took place during the first quarter this year.  Sales of Silver Maples jumped to an all-time record high of 10.6 Moz:

Canadian-Maple-Leaf-Sales-2015-vs-2016-Q1

Actually, I was quite stunned by the figures published in the recent Royal Canadian Mint Report.  Sales of Silver Maples jumped 1.1 Moz in Q1 2016 vs Q3 2015, with no real spike in overall retail investment demand.  Which means, investors bought more Silver Maples in Q1 2016 than any other quarter in history.

Furthermore, if Silver Maple sales continue to be this strong, the Royal Canadian Mint is on track to sell over 40 Moz compared to the 34.3 Moz in 2015.  If Silver Eagle sales also continue on their strong trend of 1 Moz per week, the U.S. Mint could sell over 50 Moz of these coins.  Together, these two official mints could sell over 90 Moz of Silver Eagles and Maples in just one year.

This goes to show investors who are frustrated by the short-term price moves of gold and silver, that the market continues to purchase record volumes of these official coins… regardless.

That being said, the precious metal community needs to focus on the Mid-Long Term fundamentals of buying and holding gold and silver.  Precious Metals analysts would serve our industry better if we forgo the HYPE and $50 Silver & $2,000 Gold This Year MANTRA.

I do believe the value of the precious metals will rise to levels much higher than we can imagine, but it will come when the Greatest Financial Paper Ponzi Scheme finally collapses.  So, it’s best to continue focusing on the fundamentals, rather than short-term price predictions.

Lastly, if you haven’t checked out our new PRECIOUS METALS INVESTING page, I highly recommend you do.

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25 Comments on "UPDATE: Q1 2016 Canadian Silver Maple Sales Surge To Highest Record Ever"

  1. For what it is worth…

    I make small purchases [like 20 ounces or less] as often as I can. Typically I buy from an old, very large, well-established [online] dealer. This year Silver Maples are of course cheaper than ASE’s, but they are also cheaper than Philharmonics and Brittanias…but the 2nd most liquid 1 ounce coin in the U.S.

    I suspect “aggressive pricing” has helped their sales.

    • Yippee ki-yay MF! | May 24, 2016 at 6:12 pm | Reply

      Interesting… I regularly buy from JMBullion, because their premiums are consistently the lowest (I’ve searched quite a bit online and locally, but competitors only beat their premiums during a sale), and the Philharmonics and the new Australian Kangeroos are both priced lower than the Maple Leafs. I do always buy at least $100 worth to get free shipping, and via eCheck for the best rates, which could be the difference.

      It’s always been that way for the Philharmonics, and has been that way for the Kangeroos since release. Right now, with Ag spot @ $16.25, Canadian ML is $19.10 ($2.85 premium), Austrian Philharmonic is $17.86 ($1.61 premium), and Australian Kangeroos are $18.99 ($2.74 premium).

      Who do you buy from?

      • I don’t feel like giving a company a free endorsement, but Silver Maple Leafs are $1.88 over spot for as few as one.

        • Yippee ki-yay MF! | May 25, 2016 at 8:36 am | Reply

          Seriously? We can agree to disagree. Most readers of Steve’s site are stackers, or starting to stack. It’s not a free endorsement, but fact, unless proven otherwise.

          Helping fellow stackers/collectors find the best deals is actionable information, information being key to competition, and true capitalism.

          But like I said, we can agree to disagree.

          • Provident Metals

          • Yippee ki-yay MF! | May 25, 2016 at 9:23 am |

            Thank you for sharing! There is quite a bit of variability of premiums, but you’re right in terms of the most popular issues. ASE’s and ML’s are priced better with Provident.

            My assumption is that they set their premiums based on what they can attain from the mints, or if they are on the list that can buy directly from the mints. The whole mint list and distribution process is anything but straight forward…..

          • Ever Vigilant | May 26, 2016 at 7:53 am |

            Try Provident Metals

      • My favorite site is Provident Metals.

        • John McGowan | May 26, 2016 at 7:38 am | Reply

          Yes, mine too but right now if you are in the market for Silver Eagles SDBullion has the best price. Silver.com also has a good deal on rounds at 69 cents over spot.

        • Ever Vigilant | May 26, 2016 at 7:54 am | Reply

          I should have read down one more….!!!

    • Keep thinking….and will keep saying, that the tell-tale sign is, not necessarily watching the coin sales….but the premium on coin sales; That’s where the rubber meets the road…..AND that is gonna be the temptation that a stacker is going to need to resist going forward….. I am firmly convinced that premium on Minted products is going to equal spot price this summer and exceed it by Labor Day……

      • Yippee ki-yay MF! | May 24, 2016 at 6:59 pm | Reply

        Ladies and gentlemen, you heard it here first.

        “The 4 oz” goes on record, as opposed to all the “smart money” Goldman Sachs-types on Wall Street, who only go on the record with forecasts like, “I believe this stock is going to go up, unless it goes down”….

        🙂

        I hope you’re right. I would love to unload a little silver to pay down some of my ridiculous student loan debt………sigh………

  2. Silvrwillwin | May 24, 2016 at 3:46 pm | Reply

    100% Agree Steve ! Everything before the paper clench loss of control is just that , NOISE ! It won’t matter
    until the cabal lose the right (in their minds) – the great farce that they so dearly protect !
    It really is a huge favor that they are making possible for all who realize the truth.

  3. John McGowan | May 24, 2016 at 3:49 pm | Reply

    “That being said, the precious metal community needs to focus on the Mid-Long Term fundamentals of buying and holding gold and silver. Precious Metals analysts would serve our industry better if we forgo the HYPE and $50 Silver & $2,000 Gold This Year MANTRA.

    I do believe the value of the precious metals will rise to levels much higher than we can imagine, but it will come when the Greatest Financial Paper Ponzi Scheme finally collapses. So, it’s best to continue focusing on the fundamentals, rather than short-term price predictions.”

    I could not agree more. I’m late to the party with PM’s having just started accumulating Oct 2015 but it has actually worked out well as shortly thereafter the bottom was in. My outlook going in was this is going to be a long-term play so I don’t mind the dips – I buy them! I wish I had waited a little bit and bought more into this one but one never knows where this crazy market is going to go right now. To be honest, anytime is a good time to buy right now. Don’t miss the bus and wait too long! Get in while the getting is good.

  4. OutLookingIn | May 24, 2016 at 5:34 pm | Reply

    DO NOT follow the daily gyrations in the gold and silver markets. Its just noise.

    Buy incrementally whenever your financial situation allows.

    Take physical possession. Hold for the long term. Sleep soundly at night knowing Mr. Smith & Mr. Wesson, along with Mr. Remington are close to hand to help, if need be.

    If you are buying to make a quick buck, you will be disillusioned quickly. This is long term.

  5. It’s not the value of AG or AU has changed,it is what it’s priced in.
    If you think the dollar trend is ultimately down and by a significant amount in time …1 year to 3 years,buy money…AG and AU…simple as that.

  6. Saving in fiat is useless in this sick nirp environment. It will depreciate before you can say “Yellen”. Save in physical gold & silver, this will be a common activity in the near future. Walking the pet rock, accepted by your neighbours.

    • I agree. I mainly think of it as a form saving. I hope in time the return will equal or exceed the compounding interest on currency at what a free market interest rate would be

    • If anything, save a fraction in fizzical cash, of which there is only tiny amounts relative to digital cash… In a SHTF scenario (e.g. a wave of bail-in of banks, bank run for fizzical cash by the steeple) one could likely still get “stuff” for a while with such cash, and it’s a good thing to have some extra simply to buy dips in the metals… But I agree with your basic thinking that fiat is a bad savings vehicle.

  7. Record sales of silver means so much glut of silver so will not go up in price.

  8. silverfreaky | May 26, 2016 at 2:51 am | Reply

    Seems to be true.When we hear so much silver everywhere – then the price go up.

  9. Silver Savior | May 26, 2016 at 3:12 pm | Reply

    All I think about is the amount of silver I can buy every week!

  10. anyone have any thoughts on buying maples versus 90%’s if you’re talking about a 10k-15k purchase?

    • You’ll get about 28% less actual silver (per Troy oz of coin) by purchasing pre-65 coins. Plus, where I live pre65 coins command a heavy premium. ASEs and maples are every bit as recognizable to the general public as pre-65 coins, so my instinct is to go with the higher silver content.

      • you can buy $1000 face value of 90%’s (715oz Ag) for 13356.20 which is $18.68 per oz AG. Or you can buy a monster box (500oz) of canadian maples for 9060.00 which is $18.12 per oz AG. 0.56/18.12 = 3.1% more expensive per ounce Ag for the 90%’s. one consideration is when you sell, i don’t believe there is any capital gains tax on 90%’s whereas there is on bullion.

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