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US Mint Running Out Of Silver - Negro Leagues Baseball 2022 Proof Silver Dollar

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SaturnD51's Avatar
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425 Posts
 Posted 04/26/2022  9:53 pm Show Profile   Bookmark this topic Add SaturnD51 to your friends list Get a Link to this Message Number of Subscribers
Well they have done it again.

Negro Leagues Baseball 2022 Proof Silver Dollar Coin and Jackie Robinson Silver Medal Set

Negro Leagues Baseball 2022 Proof Silver Dollar

Negro Leagues Baseball 2022 Proof Silver Dollar with Privy Mark

All these were ordered on Jan 6th with a shipping date in April. Well I talked to the mint tonight and they are all being put on back order. Come on US Mint get your act together. They can produce all the eagles and all the other coins but limited issues of 15,00 they can't put together. I am slowly losing faith with the mint. I just know that all of you have horror stories with the mint.Ok I have said my peace.
Edited by SaturnD51
04/26/2022 9:54 pm
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ijn1944's Avatar
United States
19112 Posts
 Posted 04/26/2022  9:57 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Wonder how the Democratic People's Republic of Korea mint operates...
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hfjacinto's Avatar
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7273 Posts
 Posted 04/26/2022  10:02 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Sadly I have no real horror stories, I've always gotten what I ordered and the limited edition items I've been able to sell for a profit. The only annoyance is that the us mint isn't going to produce proof Morgan's and Peace dollars.
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 Posted 04/26/2022  10:35 pm  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
Did the mint say they are short of planchets for these like the canceled 2022 Morgan/Peace, or maybe it's other production problems? The mint made almost 4 billion of the clads and pennies the first quarter of this year, according to CoinNews.net
Edited by livingwater
04/26/2022 10:45 pm
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Raised on rock's Avatar
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634 Posts
 Posted 04/26/2022  10:59 pm  Show Profile   Bookmark this reply Add Raised on rock to your friends list Get a Link to this Reply
I almost forgot that I have these coins ordered. Thanks for the reminder.
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SaturnD51's Avatar
United States
425 Posts
 Posted 04/26/2022  11:00 pm  Show Profile   Bookmark this reply Add SaturnD51 to your friends list Get a Link to this Reply
I just talked to a lady that really didn't know what was going on. I told her I am sorry but they probably tell you what to say to the customers why back order is on their order status online. I explained to her about all the silver coins of silver eagles and everything else they produced throughout the year and when they get ready to mint the coins I ordered in January, oh they are out of planchets. That is what I have been hearing online and the news.I guess that is why they had low production of eagles and no Morgans maybe. I am just saying why do they wait till the end and then say oh we ran out of stock. Maybe when I talk to someone at the mint tomorrow I will find a better answer. The person I talked to tonight was answering the phone at home, could hear her young child in the background. Or maybe it was bring your kid to work day. Either way I hope to hear an answer soon or unless someone else has an answer. Thanks.
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smuglr's Avatar
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219 Posts
 Posted 04/27/2022  12:21 am  Show Profile   Bookmark this reply Add smuglr to your friends list Get a Link to this Reply
The Negro League dollars amd Purple Heart dollars are minted on a different size planchet than ASEs, so the ASE production has nothing to do with it. I believe the Negro League/Purple Heart planchets are the same that would have been used for proof Morgan/Peace dollars. The USM gets the planchets from another vendor who may be having production problems.
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CoinHunter53562's Avatar
United States
2049 Posts
 Posted 04/27/2022  09:47 am  Show Profile   Bookmark this reply Add CoinHunter53562 to your friends list Get a Link to this Reply
I have been hearing that by contract, the mint has to buy silver at the spot price. Premiums for physical silver are through the roof so they may not be able to get any wholesaler to sell them silver at the paper spot price.
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hfjacinto's Avatar
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 Posted 04/27/2022  10:00 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
From reading several articles the main reason that the Morgan and Peace Proof were canceled is that the mint was unable to get the correct sized planchets in a sufficient amount to provide enough for expected demand. During the confirmation hearing of Ventris Gibson, Patrick Tooney asked about the Peace and Morgan specifically:

From CoinWorld:

"Gibson responded by informing the committee, "For 2022, we thought about how we can go about ensuring that we will have enough coinage, Morgan and Peace specifically, for the customers, especially since we sold out in 2021 and could not meet that customer demand. I pulled together a team of experts from manufacturing, sales and marketing, legal and the chief fiscal officer to make sure that going forward, we could produce the Morgan and Peace in 2022, given the fact we also have to balance our silver supply chain with our bullion program, which is Congressionally mandated. Thus, we made the decision that we would bypass 2022, and in 2023 make the Morgan and Peace coin, and that way make enough, sufficient to satisfy customer demand."

Toomey responded in his closing remarks that it would seem better to meet some demand and maintain continuity. "I would just ask respectfully to consider that possibility," to which Gibson replied, "I surely will."

You can never say never, I for one would rather fight it out to get a limited release high profit coin rather than everyone gets one that wants it.
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jbuck's Avatar
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187582 Posts
 Posted 04/27/2022  10:04 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My credit card was charged for the silver dollar and medal set this morning. However, I have not received any email updates from the Mint.
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SaturnD51's Avatar
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425 Posts
 Posted 04/27/2022  11:35 am  Show Profile   Bookmark this reply Add SaturnD51 to your friends list Get a Link to this Reply
jbuck you are right I checked my bank and they charged me for just the 139.95 two coin set just now. Well will have to see when they charge for the others.Thanks for the heads up.
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jbuck's Avatar
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 Posted 04/27/2022  12:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
No problem. I hope we all get our shipping notifications soon.
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jbuck's Avatar
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 Posted 04/27/2022  12:35 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Just got shipping notification for the silver dollar and medal set!
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SaturnD51's Avatar
United States
425 Posts
 Posted 04/27/2022  2:38 pm  Show Profile   Bookmark this reply Add SaturnD51 to your friends list Get a Link to this Reply
Yeah my email said order for double set was shipped. How everything turns around in one day. The mint probably knew we were from the forum and thought we better hurry.
Edited by SaturnD51
04/27/2022 2:40 pm
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jbuck's Avatar
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 Posted 04/27/2022  2:57 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The mint probably knew we were from the forum and thought we better hurry.
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