US Bullion Silver Coins Dip in September, Annual Record Sales

October 1, 2013 at 08:49

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Silver futures traded sharply lower in September, though they scored their first quarterly gain in a year. Sales of United States Mint bullion silver coins also retreated for the month, but they remain on track to handily notch a new annual sales record.

Demand retreated for bullion American Silver Eagles with September sales of 3,013,000, the third highest September in history but also the lowest monthly total since December.

Then again, September has tended to be a slower month for US Mint bullion coins. Silver Eagles scored their best September in 2011 at 4,460,500 followed by 3,255,000 in 2012. Prior to that, 1.88 million was the highest September on the books and that goes back to the series start in 1986.

As for the year-to-date, Silver Eagle sales remain on a record pace with 36,088,000 ordered. The level already ranks this year as the second highest with still three months left.

Top 5 Annual Sales Years for American Silver Eagles

Rank Year Annual Sales
1 2011 39,868,500
2 2013 36,088,000*
3 2010 34,662,500
4 2012 33,742,500
5 2009 28,766,500

 

*Sales are only for January through September 2013

Sales of America the Beautiful Five Ounce Silver Bullion Coins

2013 America the Beautiful 5 Ounce Silver Bullion Coins gained 22,900 in September versus prior month sales of 19,000. Broken out for the month:

  • 2013 White Mountain 5 Ounce Silver Coins added 3,800 during the month for a total of 35,000.
  • 2013 Perry’s Victory 5 Ounce Silver Coins added 1,400 in September for a total of 25,000.
  • 2013 Great Basin 5 Ounce Silver Coins added 3,000 during the month for a total of 25,000.
  • 2013 Fort McHenry 5 Ounce Silver Coins added 14,700 in September for a total of 25,000.

Across all this year’s designs that celebrate a national site, 110,000 have sold for a total of 550,000 ounces. The US Mint also delivered a number of 2012-dated coins earlier this year so the five ounce America the Beautiful series has a combined year-to-date tally of 154,100 coins, or 770,500 ounces.

In related news, an article published Friday on CoinNews.net has photos and videos showing how America the Beautiful 5 oz. coins are made.

Melt Values of US Silver Coins

Changing melt values of silver coins for September, the quarter and year so far are listed below. The grid offers melt values of US coins that circulated years ago and were produced in silver. These silver coins are often sought by collectors and investors for their intrinsic values. These values are calculated based on the amount of silver they contain (See melt calculator.)

US Silver Coins Silver Coin Melt Values (12/31/2012) Silver Coin Melt Values (9/30/2013) Net Change for September Net Change for Quarter (Q3) Net Change Year-To-Date
1942-1945 Jefferson Silver Nickels $1.68 $1.22 -$0.11 $0.16 -$0.47
1892-1916 Barber Silver Dimes $2.17 $1.57 -$0.14 $0.20 -$0.60
1916-1945 Mercury Silver Dimes $2.17 $1.57 -$0.14 $0.20 -$0.60
1946-1964 Roosevelt Silver Dimes $2.17 $1.57 -$0.14 $0.20 -$0.60
1892-1916 Barber Silver Quarters $5.42 $3.92 -$0.35 $0.51 -$1.50
1916-1930 Standing Silver Liberty 25c $5.42 $3.92 -$0.35 $0.51 -$1.50
1932-1964 Washington Silver Quarters $5.42 $3.92 -$0.35 $0.51 -$1.50
1892-1915 Barber Silver Halves $10.83 $7.84 -$0.71 $1.02 -$2.99
1916-1947 Walking Liberty 50c $10.83 $7.84 -$0.71 $1.02 -$2.99
1948-1963 Franklin 50c $10.83 $7.84 -$0.71 $1.02 -$2.99
1964 Kennedy Half Dollars $10.83 $7.84 -$0.71 $1.02 -$2.99
1965-1970 Kennedy Half Dollars $4.43 $3.21 -$0.29 $0.42 -$1.22
1878-1921 Morgan Silver Dollars $23.16 $16.77 -$1.52 $2.18 -$6.40
1921-1935 Peace Silver Dollars $23.16 $16.77 -$1.52 $2.18 -$6.40
1971-1976 Silver Eisenhower $1s $9.47 $6.85 -$0.62 $0.89 -$2.61