Precious metals

US silver eagle mintage

Mintages[edit]

[hide]Year Bullion Proof Uncirculated Total
1986 5,393,005 1,446,778 - 6,839,783
1987 11,442,335 904,732 - 12,347,067
1988 5,004,646 557,370 - 5,562,016
1989 5,203,327 617,694 - 5,821,021
1990 5,840,110 695,510 - 6,535,620
1991 7,191,066 511,925 - 7,702,991
1992 5,540,068 498,654 - 6,038,722
1993 6,763,762 405,913 - 7,169,675
1994 4,227,319 372,168 - 4,599,487
1995 4,672,051 438,511 - 5,110,562
1995-W - 30,125 - 30,125
1996 3,603,386 500,000 - 4,103,386
1997 4,295,004 435,368 - 4,730,372
1998 4,847,549 450,000 - 5,297,549
1999 7,408,640 549,796 - 7,958,436
2000 9,239,132 600,000 - 9,839,132
2001 9,001,711 746,398 - 9,748,109
2002 10,539,026 647,342 - 11,186,368
2003 8,495,008 747,831 - 9,242,839
2004 8,882,754 801,602 - 9,684,356
2005 8,891,025 816,663 - 9,707,688
2006 10,676,522 1,092,477 466,573 12,235,572
2006-P Rev. Pr. - 248,875 - 248,875
2007 9,028,036 821,759 621,333 10,471,128
2008 20,583,000 700,979 533,757 21,817,736
2009 30,459,000 Not offered Not offered 30,459,000
2010 34,764,500 849,861 Not offered 35,614,361
2011 40,020,000 40,020,000
2012 33,742,500 877,731 226,120 34,846,351
2013 33,724,000 868,521 165,000 34,757,521
Total 349,478,482 19,788,547 2,522,474 371,789,503

 

So now you're saying the silver price is High LOL......... I thought it was down........

 

So, in other words, there is at least Edit:15,000 MT of Silver out there in the form of US eagles.

Given that roughly 15,000 tonnes have been produced per year on average in the time span you suggested, that would mean Edit: 2.5% silver production went into just the US eagle!

See what I mean by "major" use in mints.

Edit: math error, I think I had an extra zero in my calculation, it's 2.5% of silver is in US eagles. Still a huge percentage considering every other mint in the world is also pumping out silver coins.

 

I never said the Silver price was low . You are thinking of the other poster. I simply said that Silver is not likely to make huge IRL gains but could be a safe form of equity, which is what I've said for a long time. I've also said that I would look into buying other PM's with more industrial demand and very limited more regional supplies that would not only provide equity but room for growth.

 

V

 

They are the largest mint and that is just the last few years and that silver is shipped world wide.... Not that much silver out there......... compared to other investment....... There is no shortage of houses yet everyone thinks they are great investments......and may or not be good.........

You guys keep forgetting it's a world market so I don't need Americans to buy silver for my trade to work, but it would help..... A lot of other countries value gold and silver.......... Most of the eastern countries value metals over currencies........ and if the dollar falls or fades the world will turn to the oldest money PMs..........

 

You forgot the problem with PM's. They aren't electronic and therefore difficult to exchange in real trade.

Houses are a great investment because everyone ends up needing one and there is a limited supply of land within range of each location where jobs are found. Silver is not necessary to everyone and it's fairly easy to get ahold of.

Actually, talking about China, it's China that is responsible for a lot of the real estate inflation in Canada. Since the stock market went to shits in China, and even before, Chinese have been buying up property in Canada because they figure it's under priced.

 

Steve, I'm not trying to troll you, but why is this some what recently (2008) minted coin worth $104? Are BU minted coins from Somalia in that high of a demand? For $104 dollars I rather have 5 (even if they're new) Canadian Maples or American Eagles.

I like the Hawaiian coin a lot, but not for $360+! For that price I'd rather get a nice "Kingdom of Hawaii" 1880's silver coin.

 

I think the total coins is around 300-400 million oz in private hands, plus some ETF may still have silver, so you could argue 1.5 million oz above ground right now but maybe 200 300 million available for sale maybe500.....

Realistically 2 or 3 months of available, but if everyone sold 1.5 years but nobody I know is selling........

 

2 or 3 months of what? Trading? Minting?

See that's the problem. Most silver goes towards minting which ends up in vaults. When the price is high enough banks will flip that silver and buy up some other PM for equity. That cycle will keep enough Silver in the system alone.

As far as you buddies not selling, they don't even hold 10% of the private silver I imagine. Most of it is in banks vaults owned by large banks, corporations, or private individuals to back there transactions. That silver is ALWAYS for sale, for the right price.

Take a metal like palladium though. It's exchangeable with Platinum in several major industrial uses. Both metals are required for modern catalytic converters and are also used in several major chemical catalysts that produce various organic and inorganic compounds. Those uses are not 100% recyclable. So the metal is always being consumed. If you want to invest in a PM, that would be a good one to look into. Honestly, I could see either of those metals replacing silver at some point in equity holdings and silver diving because of it.

 

That's the problem, the physical is the real trade, the digital trade will kill you right now........
For most people when you add taxes and upkeep it's hard to make money on your house........ Like silver you have to understand the market when buying houses... I held out and saved 60,000 on my house but after repairs and taxes I'm not up that much.....

China is converting their dollars into hard assets all around the world, including gold...........

 

You are forgetting the intrinsic value of a house though. You can take shelter in it. People always need shelter. You can't take shelter in your silver. Well maybe Warren Buffet can lol.

I'm up over 100K on my house in 5 years... and I've maybe put 20K into it. The market is insane right now.

 

Holy jeebus this thread is gold

 

I wouldn't pay more for these coins but other people do and they are limited production....
The Hawaiian went for 135-145 new my buddy got a bunch, I didn't...... learning lesson........
They make 40+million eagles and they are good coins......
They only make like 250 thousand kookaburras, if you time right, it you pay a dollar or 2 more, they are a beautiful coin and come in a capsule....
and they can go from 40-80 in a few years when the price is beat down............
Rare silver that you can get at a good price is another way to make money on silver........
I still recommend buying silver for long term holding, but I diversify my silver and these coins are doing good.......
You have to buy the new coins when they are cheap and some will go up in a few years.......
But start with eagles and maples...

I post these because people that criticize silver aren't talking about coin value, they are talking about the digital value and it is 2 different things...
I buy coins and I'm up not down...............

 

Our market is flat........ I'm back to where I started.... I recommend a house......... But after the crash it ate everyone's profit........
The smart guys are buying up Detroit last year....... You have to buy at the bottom.........

 

to meet all demand......... 2 months from apple saying fuck it lets get some extra supply...... boom just like palladium and platinum ford said fuck it we more inventory......... never went back to 50 dollar after that...........
coins and bars are 20-25% of demand right now............

 

Some made the crazy notion I don't have any silver.... Here is a sample of some of the different silver I have, the rest is off site...

 

Each iPhone has about ~1/50th of an ounce of silver, in the solder, in it. So, if 75 million iPhones are sold a year about 40 tonnes of silver is used. 25,000 tonnes of silver comes out of the ground each year. iPhones count for less than 1% of silver demand.

Not to mention silver solder is actually replaceable. It's only the best option for apple because they build their phones in China. If silver ever became a limiting production you'd see other solders designed and used for the same purpose. While silver solder is, right now, cheap and effective for electronics there are replacement products available.

Actually, I think a few companies are about to set up recycling centers just for smartphones to retrieve the gold, silver, and copper from them. There is a higher percentage of gold in an iPhone than in most gold mines. That is not true for silver. I think there is a couple of bucks of gold in each phone and nearly as much copper value as silver value. Not to mention the amount of rare earths that could be recovered if someone comes up with a good way of retrieving them from the phones.

Each catalytic converter requires 3-7 grams of platinum or palladium. If every car made a year (60 million cars) had to have a catalytic converter, that's 180,000-420,000 tonnes of those metals. . Big difference there, no? That amount would be impossible to supply, considering only about 200 tonnes of each are produced from mining a year...

 

That's why the supply is low for silver most of it has been wasted or thrown out..........
People are starting to scrap old electronics, it's slow and not cost effective for silver, yet.... but it's cool when you get a oz of gold out old junk....
I just buy coins but my brother scraps and I just give all my old electronics........
If you have time and storage space it's a good idea... When he shows me a cup full of gold flakes it's really cool.....
It's modern mining and more dense than some of the current gold mines but more time consuming.... 24% of the gold supply comes from recycling...
Even copper which is not in short supply will keep going up, I even save old pennies and all nickles... Around here people are stealing copper pipe out of foreclosed homes..... And the copper price is low......

So I tell him to keep going but don't sell yet, just hold it for 5-10 years it will be going way up..........

 

What I find funny is, after reading multiple google sources, is how after every article that claims peak silver will happen in 5 years there is a number to call a broker for silver .

Look, I get it. Silver will peak sooner than later because we are consuming so much. The issue is though that peak silver doesn't mean peak prices. MAYBE we will see a few years of crazy pricing, but for most of silvers industrial uses there are replacements available. Once the world has adjusted to the replacements then the price will fall out. Not to mention we could see sources like nodules come only and provide plenty of silver. Actually, a ton of the articles point to peak oil and the oil price at $150/barrel guaranteed for several (which it never actually hit but whatever) which shows the folly of believing things will plain old skyrocket. Anything from technology (new sources or new silverless processes) to plain old market manipulation could keep the price of silver in check.