'Missing'
13,531,000 
2014 American Silver Eagles

Update #1

The U.S. Mint is reporting 13,531,000 more 2014 American Silver Eagle Bullion Coins than the U.S. Treasury.  Who's Right?




Originally Posted on 04/24/2017 @12:07pm

Last Edit Update 05/24/2017 @6:09pm

by Steven Warrenfeltz


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Update #1



Last week, I was going over this Coin World article to update the mintage figures on this guide's American Silver Eagle page so they would better reflect the new information found in the article.

In my last blog post, on this subject, MISSING : 2014 American Silver Eagles, I wrote in detail about in the issues I found concerning the mintage figures for 2014 American Silver Eagle Bullion Coins.

See the numbers below and you'll see the obvious accounting issues that I found:


2014 2015 2016
San Francisco 7,025,000 0 4,650,000
West Point 23,450,000 46,920,500 31,900,000
Philadelphia 0 79,640 1,151,500
U.S. Treasury / Coin World (FOIA)- ASE (BU) Mintage 30,475,000 47,000,140 37,701,500
U.S. Mint - ASE (BU) Mintage/Sales 44,006,000
(mintage)
47,000,000
(sales)
37,701,500
(sales)
Difference (-) 13,531,000 (+) 140 0

Sources:

U.S. Mint: 2014 Mintage Figures

U.S. Treasury (FOIA): 2014 - 2017 American Silver Eagle Mintage Figures - (page 2)



In that post, I posted an email that I wrote to the Managing Editor of Coin World - William T. Gibbs,

Mr. Gibbs forwarded my email to the author of the Coin World article; Mr. Paul Gilkes.

Paul's response is summarized below:

He informed me that his Managing Editor, (who I sent my first email to: seen here), alerted him to my email inquiry, he stated that didn't respond because he was on vacation.

From there, the email went from cordial to disrespectful, he stated the following in his email "There are NO missing coins. The 44,006,000 figure reflects SALES during calendar year 2014, not the number of coins DATED 2014."

He concluded his email stating: "Call me anytime and I can enlighten you further."  (end of email)




My Response to Mr. Paul Gilkes
email:

Mr. Paul Gilkes,

I would like to respond to your email further; as I mentioned in my last email to you I know the differences between the mintage figures and sales figures.

Below is a breakdown from my website’s American Silver Eagles page (the numbers were retrieved from the U.S. Mint’s old website). 

As you scroll down and view the mintage and sales numbers you’ll see that in no year was there ever a difference between the sales and mintage numbers of even 2.1 million coins, let alone 13+ million coins (the difference between the number of coins sold in 2014 (according to the US Mint) and the number of 2014-dated coins that were minted according to the Department of the Treasury’s response to your FOIA request).

Plus, I have attached the screenshot of a web page of the U.S. Mint’s website; it says on the page that the sales are of ‘Year Dated Coins.’  (In response to Your CAPS Email argument of enlightenment)

The Screenshot below was taken directly from the U.S. Mint


Furthermore, the mintage numbers for 2013 by the U.S. Mint have been recorded as 42,675,000, and in your article, the U.S. Treasury’s 2015 mintage from all three U.S. Mints add up to 47,000,140, just 140 American silver eagles over that year’s mintage.

So, from what year are the extra 13.5 million coins sold in 2014?

The point is something is wrong here, I don’t know what and I’m not accusing Coin World of anything. I’m not accusing anyone of anything; I’m simply pointing out a clear discrepancy and would like some answers.



1oz. American Eagle Silver 
Bullion Coins 
Mintage Figures

Year              Year Dated Coin

                         Mintage                               Annual Sales

1986.............5,096,000...........................5,393,005

1987............11,442,335...........................9,420,000

1988.............5,004,646...........................5,869,000

1989.............5,203,327...........................6,166,000

1990.............5,840,110...........................7,247,000

1991.............7,191,066...........................6,952,000

1992.............5,540,068...........................5,544,000

1993.............6,763,762...........................5,890,000

1994.............4,227,319...........................5,540,500

1995.............4,672,051...........................4,590,000

1996.............3,603,386...........................3,466,000

1997.............4,295,004...........................3,636,000

1998.............4,847,549...........................4,320,000

1999.............7,408,640...........................9,008,500

2000.............9,239,132...........................9,133,000

2001.............9,001,711...........................8,827,500

2002...........10,539,026..........................10,475,500

2003.............8,495,008...........................9,153,500

2004.............8,882,754...........................9,617,000

2005.............8,891,025...........................8,405,000

2006............10,676,522.........................10,021,000

2007.............9,028,036...........................9,887,000

2008............20,583,000.........................19,583,500

2009............30,459,000.........................28,766,500

2010............34,764,500.........................34,662,500

2011............40,020,000.........................39,868,500

2012............33,121,500.........................33,742,500

2013............42,675,000.........................42,675,000 

2014............44,006,000.........................44,006,000 

2015...........*to be announced.................47,000,000

2016...........*to be announced.................37,701,500

2017...........*to be announced.................8,212,500 as of 04/04/2017

*Official "Year Dated" Mintage Figures have not been released

Source: http://www.free-bullion-investment-guide.com/american_eagle_silver.html


In conclusion, I wanted to let you know that I won’t be calling you today, I’ve had the flu for the last 4-days and I still am not over it and I doubt you want someone to be sneezing, coughing and sniffing in your ear.

Furthermore, Mel Kassenoff an annual collaborator of the World Coin Book and who helped me with the mintage/sales figures on all of my website’s American Eagle bullion coin pages; agrees with my point of view on this subject and has sent a request to the U.S. Mint for clarification of the Mintage and Sales of all American Silver Eagles. (1986-2016).

Depending on their response, he may use the FOIA to obtain more information as well.

I will also be sending a copy of this email to your managing editor.

Sincerely,

Steven Warrenfeltz

www.free-bullion-investment-guide.com




I sent that email about an hour ago, it is now 11:50am (ET).

I will keep you informed as I find out more information.

Thank you for your time & God Bless,

Steve




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