U.S MINT: Unloads Another Million Silver Eagles Over The Holiday Weekend
by Steve St. Angelo, SRSRocco Report
The U.S. Mint just updated its Silver Eagle sales on its website… and it was a real doosey. Looks like the U.S. Mint sold nearly one million Silver Eagles over the Holiday weekend. The last update provided by U.S. Mint, listed sales for January at 3,701,500 on Friday.
There was no update yesterday due to the Martin Luther King Holiday, but they did updated their website today. Another 954,500 Silver Eagles were sold since the end of last week:
The total for January is 4,656,000 compared to 4,775,000 for the entire month last year. There are nearly two weeks remaining in the month, so if sales continue to be strong, we could see total Silver Eagle sales for January to reach 5,500,000 to 6,000,000.
Gold Eagle sales remain subdued at 76,000 oz, but are only 15,500 away from the 91,500 oz sold in January last year. Currently the Silver-Gold Eagle ratio is 61 to 1.