American Silver Eagles - Page 2 - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 20 / Views: 1,986	Page: of 2

biokemist6 Bedrock of the Community United States 12437 Posts	Posted 09/12/2008 12:24 pm Quote: but they need to get on the ball and hire more people to make ASE so they want be overwhelmed and be able to keep up with production That is not the problem at all- the Mint cannot obtain enough physical silver to keep up with demand. The Mint obtains the silver blanks from two different silver refiners and they are not able to fully fill all the orders. The American Eagle legislation is written so that all of the silver and gold has to come from new American sources(bit of a subsidy for the US precious metals mining industry) so they cannot go on the open market to purchase silver stockpiles. Edited by biokemist6 09/12/2008 12:25 pm Report this Post to the Staff
daviscfad Pillar of the Community United States 4541 Posts	Posted 09/12/2008 12:37 pm I read somewhere though were it said the mint could not keep up with the demand Report this Post to the Staff
jbuck Moderator United States 190135 Posts	Posted 09/12/2008 12:40 pm Look at it this way, the mint is not keeping up with demand because it is unable to acquire the necessary amount of silver (required for that demand) from the approved vendors. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
m9frank Pillar of the Community United States 628 Posts	Posted 09/12/2008 6:52 pm I love this kind of price swing. Look at how closely gold/silver price mimics oil prices over the last year or more. I think gold and silver will head up again even if the dollar remains relatively strong. I'm buying. Report this Post to the Staff
coinblogger Valued Member United States 88 Posts	Posted 09/13/2008 10:31 am m9frank, you are right about gold and silver prices following the price of oil. All commodities tend to follow the price of the dollar which follows inflation. Report this Post to the Staff
	Replies: 20 / Views: 1,986	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Modern Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.22 seconds to rattle this change.