BREAKING NEWS: US Mint Suspends Manufacturing of Silver Eagles

Posted by The Mad Ape as Investing, Precious Metals

The US Mint has, effective immediately, suspended all production of American Silver Eagle Coins. If you want to buy this product you need to do it NOW because once this becomes widely known, the price is going to shoot up.

Something stinks here and it is not my feet. I fear a bank holiday may be close at hand with this move by the mint.

FROM THEIR SITE:

American Eagle Silver Uncirculated Coin

Production of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Currently, all available silver bullion blanks are 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 . . . .”The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Uncirculated Coins will not be produced.

BUY AMERICAN SILVER EAGLES HERE BEFORE THEY ARE GONE

Technorati Tags: American Silver Eagles, US Mint Suspends Silver Eagle Production, Buy Silver, Silver, bank holiday

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9 Responses

Jebus

November 25th, 2009 at 4:35 pm

Hi ya mate. Looks like you nailed it today. The price is going concern. Looks like the dollar is being devalued .
The Mad Ape

November 25th, 2009 at 5:47 pm

Yeah nailed it heh heh. Hope that you have protected your wealth.

TMA
US Mint Ceases Silver Eagle Production due to high demand and other Friday morning ramblings | The Telecrap Urinal

November 27th, 2009 at 9:37 am

[...] that the mint has decided to stop making them all together. My partner in truth, The Mad Ape, has written an article on this. [...]
The Mad Ape

December 2nd, 2009 at 12:30 am

Add gold to this mix too. The demand has been so high that no more American Gold Eagles will be available from the US Mint until next year at the earliest
The End Is Near: Gold breaks through $1200. Why this is a big deal! | The Telecrap Urinal

December 2nd, 2009 at 6:52 am

[...] is a reason that the US Mint is no longer supplying gold and silver American Eagles. Their supply is running short. The demand for precious metals is so high now that the plays of the [...]
monex

August 28th, 2010 at 2:06 pm

Coins are great but bullion offers the same upside as coins for less of a premium .For best pricing information check out a few gold dealers. Stay away from full service places,avoid 1-5% service fees.
I am currently doing all my silver trading through a discount online dealer. Newyorkpreciousmetalsexchange.com . Avoid high priced salesman that are motivated by commisions.
Kids Charity

December 14th, 2010 at 2:47 pm

I agree buying silver and gold at wholesale prices is your best best. Avoid full service dealers.monex is a scam
Ezequiel Kawell

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location appartement

October 30th, 2011 at 9:44 am

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