Canadian Silver Maple Leaf Sales Shatter All Records
As I was posting this link I think MNH was also reading the same report because he shared it in the comments section under Gary’s interview. So I guess the kudos goes out to MNH!
It seems as though the Canadians are catching on to the physical demand aspect of silver. While 2012 was a significant down year for Silver Maple demand, 2013 picked up over 56% to 28.2 million Silver Maples bought. Apparently I was not the only one buying Silver Maples in Vancouver. It will be interesting to watch if this trend continues and how it pays into investor sentiment around the world.
Check out this chart illustrating the demand growth in both Canadian Silver Maples and American Silver Eagles.
Considering that the interests of owners and producers of silver are not a factor in price discovery it wouldn’t matter if there was one ounce of silver above ground or a trillion ounces. The price is set by those in the employ of special interests who manage the price in order to manage the perception of the value of fiat.
The so called market is just a financial puppet show operated by a puppet master.
I love both Maples and Eagles, however…how much of this demand is really from North America? I think it would surprise all of us how much of both coins are shipping east out of North America. Both are recognized and respected worldwide and we all know how much PMs the eastern markets are soaking up right now.
Is the sales infor ,,,,public record…………? I do not remember anyone mentioning ,that anyone has looked into the sales records of the mint. It might be of interest, to see who, if any were large purchasers………….
I was under the impression that a lot of coins went to preferred brokers who distributed for retail or other small wholesalers. Only a small quantity went direct to the general public. It would be intersting to know those figures. Maybe they can get David Morgan on to comment on that?
I think that is the case for the eagles, but, does the same hold true for the maples.?
If people cannot buy American Silver Eagles, the most-recognized silver rounds worldwide, then they will go to #2 and buy them. There is still a hefty ($2.00-$10.00) premium on buying ASEs compared to generic silver rounds (but not selling them back!).
Premium on Eagles, Maples, Libertads, and Philharmonics is unreal. I went to a coin/bullion auction a couple of months ago and the premium on 1 ounce rounds was between $10 and $20 depending on which you were buying. Junk silver and generic rounds/bars was considerably less. I saved my money and bought at $2 premium the next day.
what were the grades for the premiums………….MS 69 MS 70 ?
THIS is were the bulk, buyers , loose some value, not knowing the difference on the coin’s grade and value to a real collector…………….NOT all Coins are created equal.
Most of these were right out of a mint tube and on the auction block. Common mint run eagles, etc. The graded/slabbed eagles, maples, etc went much much higher than that.
that is a ton for right out of the tube……thanks for the info……….appreciate.
Right out of the tube is exactly right. I bought maples again about a month ago and they were freshly minted and stamped with Feb 2014.
The 2014 Maples are incomparably beautiful, but you have to break that seal to fully appreciate. Photos do not convey the dynamic nature of the new radial lines.
And what’s really interesting Cory is the price of Silver is still in a bear trend……drum roll please, its still…………..Under $20.00
Must be a lot of silver supply because the basic supply vs demand is not showing up in silvers price @ $19.58
Remember shortly after $1525 gold fell the internet was flooded with pictures and data suggesting Asia was going nuts buying gold and silver on sale and that the demand would send prices right back up thru $1525……….hmm $1309 still………@#$%!!!