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 Replies: 22 / Views: 3,409 |
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Valued Member
 United States
102 Posts |
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Pillar of the Community
United States
4901 Posts |
Quote:
just checked US mint don"t see any for sale The Mint doesn't sell bullion Eagles to the public Quote:
this could mean a total of less than a million They sold 7.1 million to dealers in the 1st 3 weeks of January. They ran out of silver planchets and will restart production when they get more Quote:I do not understand why ASE sold for twice of the spot price of silver. Please educate me why is so. I think that mint strikes around 1 million each year and thus it does not have too much numismatic value. The ASE presently for sale is a collector proof version of the Silver Eagle and does carry a numismatic value over its bullion counterpart. They sold 819k last year vs. around 40 million of their bullion brothers Edited to add: sorry for the repeat info...I type slower than Biokemist6 Edited by Foxwoods Man
01/30/2013 4:09 pm
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Pillar of the Community
United States
2764 Posts |
Edit: Clarification made by other already.
Edited by SA4H
01/30/2013 4:13 pm
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Valued Member
United States
102 Posts |
how often does the mint run out
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Bedrock of the Community
United States
12437 Posts |
It has happened a few times in the last few years. Demand went from historical mintages of 5-10 million/year to 20M in 2008, 30M in 2009, 35M in 2010, and 40M in 2011. The US Mint uses outside vendors to supply the planchets and those same vendors also supply planchets to other world mints as well so it is essentially a supply chain overload issue.
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Pillar of the Community
United States
2543 Posts |
They don't continuously mint these year round, they plan a production schedule, sell out, then plan another production schedule, sell out and so on ......
Only once have they run short on silver, and in that case they stopped production on the proofs to make sure they had enough for the bullion coins which they are required by Congress to produce in quantities enough to meet public demand.
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Pillar of the Community
United States
950 Posts |
Maybe they wont get many more and the 2013 coins will be low mintage and worth more than others.
Wishful thinking on my part maybe since I already have one.
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Pillar of the Community
United States
4901 Posts |
They are mandated by law to mint to demand...
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Pillar of the Community
United States
724 Posts |
I am still confused. Mint has two versions of ASE on sale right now and both are availabe. proof version: 2013 American Eagle One Ounce Silver Proof Coin (GA6) Price: $62.95 and uncirculated version: 2012 American Eagle One Ounce Silver Uncirculated Coin (PJ8) Price: $50.95 According to biokemist6 and Foxwoods Man, the circulated ASE bullion coin is not sold directly to the public and has to be ordered from dealer. This version used to sell in more than 10 millions. Proof and uncirculated version is minted below 1 million. Is this right? |
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Bedrock of the Community
13014 Posts |
MD the unciruclated version is not the bullion version. Theres 3 versions of the coin the ones without mint marks are the bullion.
Youre correct that the bullion sells in the millions and the proof and uncirculated versions have MUCH lower final sales numbers
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Pillar of the Community
United States
4901 Posts |
Proof ASE sold by the Mint to collectors...mintage last year just under 900k Burnished ASE (with a W mintmark) sold by the Mint to collectors..2012 mintage (so far) 190k with another 16k in the dollar set (VERY low mintage presently) Bullion ASE sold by dealers...mintage in the 40 million range (no mintmark) ...and don't forget the 2012 Burnished S mintmarked ASE and Reverse Proof ASE ...mintage 224k or so SO for 2012 we had a bullion, W, S, RP, and proof ASE (not to mention the bullion struck in SF) |
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Valued Member
United States
102 Posts |
dude thank-you very much for your sharing your knowledge I appreciate your time.
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Pillar of the Community
United States
4901 Posts |
Keep an eye on that 2012 W ASE (still available)....this could be a sleeper at around 200k |
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Valued Member
United States
102 Posts |
wow just ran down to LCS and gots me two 13 silver eagles
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Pillar of the Community
United States
4901 Posts |
According to "Coin Update" they are back on sale and there soon should be plenty around.
The January burst of buying is normal followed by a sales slowdown in February.
Provident Metals has them at $2.50 over spot
Edited by Foxwoods Man
01/31/2013 07:11 am
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Posted 01/30/2013 4:07 pm
