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The Silver Eagle/Silver Round Shortage Of 2008

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Pillar of the Community

United States
511 Posts
 Posted 04/23/2008  2:03 pm Show Profile   Bookmark this topic Add 3stooges to your friends list Get a Link to this Message Number of Subscribers
A number of dealers say they don't have and can't find enough silver Eagles and one-ounce rounds to meet retail demand. What are you seeing at shops and elsewhere?
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eaglefoot's Avatar
United States
6326 Posts
 Posted 04/23/2008  2:58 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
I wasn't aware of it myself......what are they selling them for where you live?
Rest in Peace
COINAHOLIC's Avatar
United States
1501 Posts
 Posted 04/23/2008  3:28 pm  Show Profile   Bookmark this reply Add COINAHOLIC to your friends list Get a Link to this Reply
I just checked DSS coin and bullion and they have 2304 @ $26.95 per, and rolls, 2459 @ $529.00 per. That might be high but definitely not short!
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KurtS's Avatar
United States
5318 Posts
 Posted 04/23/2008  4:27 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
@ $26.95
A bit steep, considering silver is around $17.11 today? They're essentially silver rounds.
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Amazon99's Avatar
United States
2443 Posts
 Posted 04/23/2008  4:32 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
Maybe this is a way to increase demand?
New Member
FHDave's Avatar
United States
48 Posts
 Posted 04/23/2008  6:40 pm  Show Profile   Bookmark this reply Add FHDave to your friends list Get a Link to this Reply
The problem is that a number of the shops bought their rounds/silver Eagles just as silver peaked around $20/$21. They are reluctant to bring the price down and lose money on their investment (although I'm sure they bumped it up quick enough as the spot price was moving).
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InfiniteInterest's Avatar
United States
673 Posts
 Posted 04/23/2008  9:27 pm  Show Profile   Bookmark this reply Add InfiniteInterest to your friends list Get a Link to this Reply
The shop that I frequent (and work at occasionally) has upped the price on the 08's...all dates but the 96 can be had for $2 above spot, the 08's are now $5 above spot. His supplier said he is out and cannot find more, what that means I am not sure. I did hear that the mint suspended striking the 08's ...I am foggy as to why, maybe someone else can comment on this.

As far as other dates and just rounds...no shortage here. I just rolled 26 rolls of accumulated ASE's from the last month of buying at the shop, covering most all years. The round/rectangle 1 oz bars are pretty plentiful too...every week they take to the smelter, but more and more comes in. Sellers outnumber buyers right now at least 7-1 at this particular shop, so bullion is not hard to come by.

This does not include the 200 or so rolls of ASE's in stock, or the couple hundred silver bars/rounds of various weights in the store at any one time...no problems here !

If anyone has any needs they cannot meet, let me know- I am trying to convince the shop owner he needs an internet presence to sell some of his stuff.
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ratio411's Avatar
United States
1208 Posts
 Posted 04/24/2008  12:06 am  Show Profile   Bookmark this reply Add ratio411 to your friends list Get a Link to this Reply
My 08 silver Eagles just came in from the mint yesterday...
[confused]
Member
amac44's Avatar
United States
3242 Posts
 Posted 04/24/2008  06:37 am  Show Profile   Bookmark this reply Add amac44 to your friends list Get a Link to this Reply
I got my 2008-W Monday. there is some with a error one the reveres I haven't check mine yet.
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FHDave's Avatar
United States
48 Posts
 Posted 04/24/2008  4:48 pm  Show Profile   Bookmark this reply Add FHDave to your friends list Get a Link to this Reply
My understanding is that the physical supply of silver is what caused the mint to suspend sales of the ASEs.
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Hollywood's Avatar
United States
1228 Posts
 Posted 04/24/2008  4:55 pm  Show Profile   Bookmark this reply Add Hollywood to your friends list Get a Link to this Reply
coin country.com are selling them right now in ms 70 grade for $59.00
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daviscfad's Avatar
United States
4541 Posts
 Posted 05/07/2008  08:46 am  Show Profile   Bookmark this reply Add daviscfad to your friends list Get a Link to this Reply
I bought a couple burnished on the first day but did not get the error variety
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