2014 Annual Silver Coin Sales Break Record

silver coin sales
Despite having a few days left in 2014, the U.S. Mint set an all time record for annual silver coin sales, with over 43 million coins sold. The new record surpasses the previous high of 42.6 million coins set in 2013.

The one downside: the Mint is out of silver coins for the rest of the year. Supply is completely depleted and the next round of silver coins will begin selling on January 12 of next year.

The Mint record for silver coin sales was broken on December 8.   This is a sign of how strong demand has been for silver in a year which saw the underlying precious metal struggle in terms of price growth.

The largest volume month of the year turned out to be October, with sales of nearly six million silver coins, long after the price of silver began declining in July of this year.

Silver investors continuing to buy silver coins and bullion have maintained demand for silver all year long, using the price decline during the second half of the year as an opportunity to increase existing positions and enter into new silver positions at a discounted rate.

The new data simply confirms what was already known- the appetite for silver from rare coin collectors and silver investors alike has been phenomenal in 2014.

With silver being known for violent moves to the upside, prudent investors are looking for huge returns in 2015 as they stocked up on silver coins and bullion in the last days of the year.

National Coin Broker can source your 2014 silver eagle needs, even though the Mint has run out.  If you are interested in purchasing, please call today – 800-707-7923.

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2016-10-31T12:19:55-04:00By |Categories: Buy Silver Coins, Invest in Silver, Silver Investment, Silver News|

About the Author:

President and CEO of National Coin Broker
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