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Silver American Eagle Sales Soar 10-Fold in November 2020 Over November 2019

Posted by 1st American Reserve on

During November, the U.S. Mint sold 4,805,000 one-ounce Silver American Eagle coins, more than 10 times the 463,000 coins sold in November 2019, bringing the year-to-date totals to almost a 100% gain (29.3 million ounces vs. 14.8 million last year). Gold American 

 

Eagle sales were up 673% in November, with 85,000 Troy ounces sold vs. 11,000 in November 2019 that brought the 2020 11-month total up to over 5-fold from 2019 (794,500 Troy ounces in the first 11 months of 2020 vs. 150,000 ounces in 2019). The Buffalo Gold coin sales were also up strongly, +370% for November and +286% for the year-to-date

This powerful sales surge came despite the occasional work stoppages at the U.S. Mint, due to COVID-19 work restrictions and occasional stoppages due to the risks of workers placed in close proximity. There is no telling how many more ounces could have been sold if the Mint were able to operate at 100% capacity.  Increases in sales of U.S. Mint bullion products often increase the number of future rare coin buyers.  Call us today to discuss this important trend!

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