Sunday , 25 June 2017


There’s a New “Silver Sheriff” in Town & He’s NOT American!

There’s a new Silver Sheriff in town, and it happens to be located north of the U.S. border.  While [American] gold-silver2Silver Eagle sales and growth were impressive in 2013, [Canadian] Silver Maple Leaf sales outgunned the competition by a wide margin. [By how much? Take a look.]

So says Steve St. Angelo (srsroccoreport.com) in edited excerpts from its original article* entitled Canadian Silver Maple Leaf Sales Shatter All Records.

The following article is presented by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!)www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and the FREE Market Intelligence Report newsletter (sample here; register here) and has been edited, abridged and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.

St. Angelo goes on to say in further edited excerpts: Not only did Canadian Maple Leaf sales shatter all records in 2013, their percentage gain was twice as much compared to Silver Eagles….

  • the U.S. Mint increased its sales of Silver Eagles from 33.7 million in 2012, to 42.7 million in 2013…a 27% increase year over year
  • the Royal Canadian Mint sold 28.2 million Silver Maple Leafs in 2013 – an astonishing 56% increase over the 18.1 million ounces sold in 2012.
  • Silver Maple Leaf sales…increased 10.1 million [troy] ounces compared to a 9 million [troy] ounce gain in Silver Eagle sales.
  • Furthermore, Silver Maple Leaf sales were 5.1 million [troy] ounces (22%) greater in 2013 than their previous record of 23.1 million [troy] ounces in 2011.
  • Silver Eagle sales, on the other hand, increased only 2.8 million ozt. (7%) in 2013 compared to the 39.9 million ozt. sold in 2011.

Canadian Silver Maple Leaf Sales 2007-2013 If we combine the figures from the two strongest “Official Coin” sales in the world, we have the following: Silver Eagle & Maple Leaf Sales 2007-2013 We can see [from the above table] that:

  • Canadian Silver Maple Leaf sales grew tremendously from 3.5 million ozt. in 2007 to 28.2 million ozt. in 2013, while
  • American Silver Eagle sales increased from 9.9 million ozt. in 2007 to 42.7 million ozt. in 2013.

Basically, the sales of Silver Maple Leafs (8 X) grew twice as much as Silver Eagles (4.3 X) from 2007-2013. Total sales of these two official coins in 2013 now represent:

  • 9% (70.9 mil ozt.) of total world silver mine supply, compared to only 2% (13.4 mil ozt.) in 2007. 

This is a significant figure... Lastly, not only did Silver Maple Leaf sales beat Silver Eagles hands down in percentage gains [56% vs. 27%] last year:

  • the Royal Canadian Mint sold 48% more Gold Maple Leafs (1,140,000 ozt.) than
  • the U.S. Mint’s Gold Eagles sales which only grew 14% to 856,500 in 2013.

If we look at the chart below we can see Gold Maple Leaf sales over the past six years. Canadian Gold Maple Leaf Sales 2007-2013 Retail buyers are now:

  • favoring the Gold Maple Leafs over Gold Eagles due to their extra fineness and lower premium and
  • buying an ever greater percentage of Eagle & Maple Leaf silver coins combined than they are their gold counterparts.  In 2013, total Silver Eagle & Maple Leaf sales were 70.9 million compared to the 1,996,500 oz of Gold Eagles and Maple Leafs.  This is a 35.5/1 ratio compared to 28/1 in 2007. The trend is continuing as exemplified by the fact that Silver Eagle sales for the first four months of the year (18.4 million ozt.) are 100 times greater than the 182,000 ozt. of Gold Eagles sold to date.

As soon as the Royal Canadian Mint releases their Q1 2014 report, I will publish an update on their sales figures.  [Here it is!] I would imagine 2014 Silver Maple Leaf sales are just as strong, or stronger, than Silver Eagles. We will see.

 
Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://srsroccoreport.com/canadian-silver-maple-leaf-sales-shatter-all-records/canadian-silver-maple-leaf-sales-shatter-all-records/ (© 2014 SRSrocco Report. All rights reserved.)

Related Articles:

1. Eagles, Buffaloes & Maple Leafs: Gold Bullion Coins of U.S. & Canada

I think we all would agree that owning a 10 kg bar of gold would be nice but that it is probably out of the question at the current cost of over $500,000! I had the pleasure of caressing such a bar recently and being surprised at just how heavy (22.045855 lbs.) it was for such a small object. Below I describe the gold coins of Canada and the United States. Words: 870 Read More »

2. Beware The Dangers In Buying Certain Gold Coins – Here’s Why

At first glance, buying gold may seem a simple, straight forward process. However, there are dangers, such as falling for a telemarketer’s line that his coins are “non-confiscatable” and somehow have more value because you bought them from him. Basic bullion is the way to go when investing in gold. Words: 788 Read More »

3. The Pros & Cons of Buying Gold Bars vs. Ingots vs. Coins

It is during difficult times [such as these when] quantitative easing and currency wars have highlighted the volatility and vulnerability of currencies…that the true, safe value of gold really stands out. It is now easier for you to convert your savings into gold than ever before and this article outlines the reason for buying physical gold and the advantages and disadvantages of buying gold bars, ingots and/or coins. Read on! Words: 853 Read More »

4. What’s the Difference Between 1 Gold Karat, 1 Diamond Carat and 1 Troy Ounce?

You have no doubt read countless articles on the price of gold costing “x dollars per ounce”, own a gold ring or some other piece of gold jewellery and/or wear or have bought/plan to buy a diamond ring but do you really understand exactly what you are buying? What’s the difference between 1 troy ounce of gold and 1 (regular) ounce? What’s the difference between 18 and 10 karat gold? What’s the difference between a .75 and a 1.0 carat diamond? Let me explain. Words: 1102 Read More »

5. 75th Birthday of Superman Celebrated With New Line of Collector Coins – Take a Look!

Happy Birthday Superman! In honour of the 75th anniversary of the ultimate super hero, the Royal Canadian Mint has unveiled a brand new line of collector coins. Here’s a look at the latest designs as well as nine other memorable creations produced by the Mint. Read More »

6. A Look At Canada’s Unique, Beautiful & Costly Coins

In celebration of Canada’s 146th birthday we take a look at some of Canada’s extraordinary – and rather costly – coins. Read More »

7. Americans – Your Pocket Change Might Contain Coins Worth Thousands of Dollars! Here Are the Top 10 to Look Out For

There are a number of U.S. error coins and die varieties in circulation today worth from $30 to $35,000 because they have small distinguishing characteristics that make them rare and valuable. This article will tell you which of your pocket change coins might be worth a large premium over face value, and why. Words: 1076 Read More »

8. Here’s a Dirty Little Secret About Cleaning Bullion Coins

Improper cleaning results in the loss of a small amount of metal from the surface of the coin. Repeated cleaning can actually lower the grade of a coin by removing too much metal. To learn the answer as to what is the best way to go about storing and cleaning your gold and silver coins read on. Words: 417 Read More »

9. Attention Brits: Here’s How & Where to Buy Gold Bullion Bars and Coins

Whether it’s pirated software, poison-infused baby formula, cancer-causing drywall, luxury purses, or fake medicines, if you need a knock-off, China has traditionally been the go-to country, with a counterfeiter always willing to oblige. Now, with precious metals prices on the cusp of possibly the biggest price explosion in centuries, fake gold and silver products are becoming a booming industry. Here are some safeguards to protect yourself from getting duped. Words: 1124 Read More »

11. It’s Silver’s Time: Sales of Silver Coins Soaring; Price of Silver About to Soar!

If sales for November and December match the levels of 2010, total sales of American Silver Eagle coins for 2011 should… [be] more than 20% above the record breaking sales level of 2010. [Not only that but] with physical demand remaining robust and investors seeking safe-haven investments in the face of the Eurozone debt crisis, I believe we could still see silver break above $50 by year-end or during Q1 of 2012 at the very latest. [Let me explain.] Words: 402 Read More »

 

One comment

  1. I’d be very interested in learning how both the above coins stickup against the sales of Silver 1 oz rounds, since their cost is less and many investors are trying to maximize the amount of Silver they acquire.

    Anyone have any numbers they feel like sharing?