US Mint Runs Dry'ish

Discussion in 'Silver' started by NQDave, Mar 3, 2011.

  1. NQDave

    NQDave Active Member Silver Stacker

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    Another bit of interesting news.



    From the US Mint:

    Production of United States Mint American Eagle Silver Uncirculated Coins continues to be temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Until recently, all available silver bullion blanks were being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins "in quantities sufficient to meet public demand . . . ."
    Although the demand for precious metal coins remains high, the increase in supply of planchetscoupled with a lower demand for bullion orders in August and Septemberallowed the United States Mint to meet public demand and shift some capacity to produce numismatic versions of the American Eagle One Ounce Silver Proof Coin.
    However, because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.
    The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.
     
    NQDave, Mar 3, 2011
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  2. Nub Cannon

    Nub Cannon New Member

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    This makes sense I guess since they have probably sold close to 10 million ounces of silver in 2 months (which is crazy). I wonder when they will resume production eh?
     
    Nub Cannon, Mar 3, 2011
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  3. Silverthorn

    Silverthorn Well-Known Member

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    Its an old post from last year that has gotten recirculated. ASE allotments have been cut apparently though.

    http://kingworldnews.com/kingworldn...ing_Allotments_of_Silver_American_Eagles.html


     
    Silverthorn, Mar 3, 2011
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  4. crutch024

    crutch024 Member

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    There are three different issues of the ASE: Proof, Uncirculated, and Business (or Bullion). The Business version is sold through authorized distributors and the US Mint does not sell to anyone but these ADs. The Proof and Uncirculated versions (which are aimed at collectors) are sold directly by the US Mint on their web site; this story is referencing the uncirculated version only.

    Scott
     
    crutch024, Mar 3, 2011
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