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 Replies: 22 / Views: 3,403 |
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Valued Member
United States
102 Posts |
my understanding is that the U.S. mint ran out of 2013 silver eagles anybody hear anything ?
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Valued Member
 United States
102 Posts |
just checked US mint don"t see any for sale
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Valued Member
United States
102 Posts |
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Pillar of the Community
United States
648 Posts |
They sold out of these at least a week ago I believe. I heard they were suppose to start saling more on the 28th but I might have heard wrong since they haven't started yet and it's the 30th. Lol.
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Pillar of the Community
United States
724 Posts |
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. |
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Valued Member
United States
102 Posts |
this could mean a total of less than a million
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Valued Member
United States
102 Posts |
what would be the right mintage to achieve max value?
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Bedrock of the Community
United States
12437 Posts |
The 2013 Bullion Silver Eagles are temporarily sold out, they will have more available at some point. The US Mint has never directly sold Bullion Eagles to the public other than as part of a special set, you can only get them through the Authorized Purchaser network. The Bullion Eagles typically sell for a few dollars over spot while the Proofs and Burnished strikes have a higher markup but are minted in much smaller quantities.
Edited by biokemist6
01/30/2013 4:02 pm
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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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Replies: 22 / Views: 3,403 |
Posted 01/30/2013 3:36 pm
