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US Mint Set To Stop Making 2015 American Eagle Silver Coin

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Pillar of the Community

United States
5205 Posts
 Posted 11/24/2015  8:28 pm Show Profile   Bookmark this topic Add jack jeckel to your friends list Get a Link to this Message Number of Subscribers
But don't worry it will only be 2 months till the 2016's come out.

U.S. Mint set to stop making 2015 American Eagle silver coins

http://news.yahoo.com/u-mint-set-st...0721368.html

NEW YORK (Reuters) - The U.S. Mint said on Tuesday that it would stop making 2015-dated American Eagle silver bullion coins after the week of Dec. 7 following a period of strong demand that forced it to place them on weekly allocations for much of the year.

The annual halt to American Eagle silver coin production will come after an unprecedented supply squeeze spurred by spot silver prices that tumbled to a six-year low in July and then extended losses in November. This attracted heavy coin demand that forced some sovereign mints around the world to ration sales while U.S. buyers raced abroad to fulfill this burst of interest.

The mint said in an email that it expected the last American Eagle silver bullion coin allocation for 2015 to be on Dec. 14.

Despite the weekly rationing, American Eagle silver coin sales this year have so far reached nearly 43.7 million ounces, making them on track to exceed the 44 million ounces of 2014.

The mint already stopped producing 2015-dated American Eagle gold bullion coins in October and has sold out of this year's supply of the 0.1-ounce and 0.25-ounce coins.

The mint said in an email that it would begin taking orders for 2016 American Eagle silver bullion coins on Jan. 11.
Edited by jack jeckel
11/24/2015 8:29 pm
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 11/25/2015  07:51 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
So in the last two years this SINGLE product from one world mint has consumed over 2700 TONS of silver...one product....

...and the spot price keeps dropping...


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Turbolag's Avatar
United States
127 Posts
 Posted 11/29/2015  12:42 pm  Show Profile   Bookmark this reply Add Turbolag to your friends list Get a Link to this Reply
Must be plenty of silver in the ground!
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