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Updated 16:46 23/09/20

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Silver coin sales at all-time high

Duncan Richardson, News Editor
19 Feb 2014, 10:56 a.m.

Silver bullion coins sales reached record levels in 2013 as investment demand soared.

Sales of the U.S. silver American eagle rose 26% to 42,675,000 coins; the most ever since the coin was first minted in 1986. The demand for silver coins was strong across the globe with sales of the Austrian Philharmonic rising by 62%, the Canadian Maple increasing by 60% and the Perth mints silver Kookaburra increased by 41%.

Demand for coins in 2014 has also been strong with the U.S. mint reporting 6.5 million coins have already been sold.

As well as coin sales, soaring investor interest in silver exchange traded funds has increased by a staggering 100.9% when compared to the same period last year.

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