The Royal Canadian Mint just released their figures for the quarter showing record Silver Maples sales for the year. Sales of Silver Maples weren’t as strong in the third-quarter compared to the same period last year, but they outperformed Silver Eagles in percentage terms.
Sales of both the Silver Eagles and Maples were quite strong in the first half of the year, but declined during the summer months. If we look at the figures below, we can see just how much purchases of Silver Maples and Eagles declined compared to the prior year:
Q3 2013 & 2014 Silver Eagle & Maple Leaf Sales
Q3 2013 Silver Eagle Sales = 11.055,500
Q3 2014 Silver Eagle Sales = 8,202,500 (-26%)
Q3 2013 Silver Maple Sales = 6,700,000
Q3 2014 Silver Maple Sales = 5,400,000 (-19%)
Most of the weakness in sales of these official coins took place in July and August. However, Silver Eagle sales picked up significantly in September reaching 4,140,000 surpassing last year’s monthly figure of 3,013,000.
The Royal Canadian Mint does not break down its sales figures on a monthly basis (quarterly reports), but I would imagine Silver Maple Leaf sales picked up substantially in September paralleling the huge demand for Silver Eagles.
In the first nine months of the year, Silver Maple Leaf sales reached a record 20.8 million compared to 20.7 million during the same period last year:
This post was published at SRSrocco Report on November 28, 2014.
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