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As Silver Touches $34.90, US Mint Runs Out Of Bullion Blanks, Halts American Eagle Silver Coin Production

Tyler Durden's picture




 

The scramble for non-dilutable currencies hits a frenzy as silver just touches on a fresh 31 year high of $34.90. To commemorate this historic event, the US Mint has halted American Eagle silver coing production, in addition to its ongoing halt of American Buffalo coins: "because of the continued demand for American Eagle Silver Bullion
Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be
produced.
The United States Mint will resume production of American Eagle Silver
Uncirculated Coins once sufficient inventories of silver bullion blanks
can be acquired to meet market demand for all three American Eagle
Silver Coin products."

From the US Mint:

Production of United States Mint American Eagle Silver Uncirculated Coins continues to be temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Until recently, all available silver bullion blanks were being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”

Although the demand for precious metal coins remains high, the increase in supply of planchets—coupled with a lower demand for bullion orders in August and September—allowed the United States Mint to meet public demand and shift some capacity to produce numismatic versions of the American Eagle One Ounce Silver Proof Coin.

However, because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.

The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

But fear not: those so inclined can still purchase American Eagles on the Monex live exchange... for about 10% over spot.

h/t Nico P

 

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Wed, 03/02/2011 - 10:46 | 1011034 slow_roast
slow_roast's picture

Can't buy the silver bitchez!

Wed, 03/02/2011 - 10:54 | 1011055 johnQpublic
johnQpublic's picture

CBTFD?

Wed, 03/02/2011 - 15:35 | 1012344 ATG
ATG's picture

TD ZH fact check:

The uncirculated Silver Eagles discontinued many times before due to unprecedented demand for Silver Eagle Bullion coins, a different coin altogether. In the past, Silver Eagle Bullion peaks selling at steep premiums led price peaks in silver

Wed, 03/02/2011 - 11:42 | 1011260 FatFingered
FatFingered's picture

No more silver, Sirezzz!

Wed, 03/02/2011 - 12:57 | 1011649 bigkahuna
bigkahuna's picture

Your comparison to ipods is a farce. The ipod may run out from time to time. The US Mint running out of silver is a precedent. The jokes you told are humiliating to anyone who is unfortunate to read them, and in turn are humiliating to you. Too bad.

Wed, 03/02/2011 - 13:11 | 1011707 John Wilmot
John Wilmot's picture

"So.... since this website has morphed into a redneck libertarian forum, and since virtually all redneck libertarians are racists and/or bigots, allow me to tell a joke that everyone here will love:"

Bigot: one who regards or treats the members of a group with hatred or intolerance.

Hmmm...that's ironic, also ironic that the person who mindlessly accuses hundreds of strangers of racism is the only one to make a racist joke. Do you by chance have a N. Virginia ISP number? If not, are you unemployed currently, because have I got the job for you!

Wed, 03/02/2011 - 14:06 | 1011972 Captain Kink
Captain Kink's picture

+1

 And all this time I have considered myself a Libertarian...i did not know that it means I am a racist...  I rather thought it meant quite the opposite: Equality and civil liberties for all, minimal government (and minimal taxes), free market economy, etc.  Color me ignorant.

 

I think RNR and Harry (And Hamy) are competing to see who can get junked more by lunchtime every day. Thanks for the laugh.  Joke's on us.

Wed, 03/02/2011 - 13:13 | 1011726 Joe Sixpack
Joe Sixpack's picture

What are you? A Boston blue-blood, Harvard educated criminal (i.e., banker)?

Wed, 03/02/2011 - 13:22 | 1011760 dussasr
dussasr's picture

Thanks for the ad hominem attack on Libertarians.  I'd write more to refute your generalities, but I have better things to do - like pulling lint out of my navel.

Wed, 03/02/2011 - 13:23 | 1011773 -Michelle-
-Michelle-'s picture

Oh and I had such hopes that you'd turned over a new leaf when you started posting pertinent things after New Year's.  I see the resolution has entered the dustbin of history...

Wed, 03/02/2011 - 13:33 | 1011809 HamyWanger
HamyWanger's picture

Must agree with my friend RNR on this one. 

I can't understand libertarians. How can someone hate governments and States? This is so strange and outdated. History taught us to wary of liberty. 

Besides, if we allowed the crisis to happen, every racist libertarian bitching about the bailouts and QE2 on this site would be broke. 

Wed, 03/02/2011 - 13:36 | 1011852 LawsofPhysics
LawsofPhysics's picture

Wait what, now harry and RNR know all the libertarians and racists in the country?  Very telling indeed, but I doubt it is true and I know many who are very well positioned for collapse.  In case everyone has not figured it out yet, harry and RNR work for the financial sector and continue to be a voice for the cancer that is killing all the other productive sectors of the economy.

Let it crash, the sooner we do, the sooner compensation will find its way to people and businesses that are actually worth a shit.

 

Wed, 03/02/2011 - 13:43 | 1011890 lieutenantjohnchard
lieutenantjohnchard's picture

hamy, you're killing me. please coach math man the art of parody and comedy. he's woefully lacking in your way of making fools of people (as you did me) without them knowing it.

i'm a slow learner.

Wed, 03/02/2011 - 14:03 | 1012000 Captain Kink
Captain Kink's picture

+1

Wed, 03/02/2011 - 13:46 | 1011896 Long-John-Silver
Long-John-Silver's picture

You have no idea what a real libertarian is and we are not restricted to a single geographic region. Simply put a  libertarian wants everyone to mind their own business and leave us alone. What is so "Redneck" about that?

Wed, 03/02/2011 - 13:56 | 1011948 HamyWanger
HamyWanger's picture

In the idea of a socialist, the State must act to reduce inequalities, which are interpreted as injustices. Red Neck Repugnicant (and me) will be satisfied when everybody on Earth will have the exact same amount of money, forever. The ideal for socialists is a world government, which can act to target inequalities everywhere on the globe and prevent fiscal evasion. 

Libertarians propose to suppress the State, and therefore support injustice. 

Wed, 03/02/2011 - 14:03 | 1011992 lieutenantjohnchard
lieutenantjohnchard's picture

war is peace. stupidity is knowledge.

Wed, 03/02/2011 - 14:19 | 1012081 bigkahuna
bigkahuna's picture

You probably are unfamiliar with the type of system that causes total equality. It was soviet communism. There was a small political class that had everything. There was a large pool of equally miserable citizens--if not purged and dead. Hard work and informed decisions in a true capitalist system will lead to prosperity and success. A socialist system does not reward hard work, or competitive behavior at all. No incentive - no advancement. Socialism/communism are institutionalized cronyism. Just like you see here in the USA now. The old system of lawful markets and competition has been swept away in favor of cronyism. Once the old system ceases to exist, we will all see the true nature of the new "benevolent" masters. Libertarianism is a philosophy that is gaining momentum because it is not in an American's blood to bow to any master. We will gladly serve those who serve us, but we're not going to bow and submit to anyone.

Wed, 03/02/2011 - 14:41 | 1012164 Long-John-Silver
Long-John-Silver's picture

You want everyone equally poor as shit while the elite ensures everyone stays that way. Just like the Soviet Union. Got it.

Wed, 03/02/2011 - 15:53 | 1012431 jmc8888
jmc8888's picture

What a dumb fuck. 

Hey idiot...I'm a democrat (whatever that means these days), I'm sure YOU aren't one.  Obama sure isn't.  Neither was Clinton, Dodd, Frank, Pelosi, etc, etc.  Not ONE of them is a democrat, and like Boehner, Bachman, Bush(s), Reagan, Nixon, Gingrich, Idiot Palin, Magical Underwear Mitt, and in many cases even Ron fucking Paul...all of you are under the same unamerican umbrella....FASCISTS who want the bankster staus quo to continue....either by printing to pay off fraudulent debt, or austerity to reallocate enough funds to pay off fraudulent debt. 

It's fraudulent, which means ANYTHING you do BUT default is tantamount to sucking the banker's COCK.  You must enjoy sucking cock. You even advertise it, and joke about how other people are wrong for NOT sucking cock. But you never told us....does sucking bankster cock taste good? Maybe the female readers of ZH might want to know.

You don't know science, you believe ANY FAKE SCIENCE, that is LABELLED science, is science.  Anybody that is ACTUALLY a scientist, can blow holes in everything you call 'science'.  Keep believeing the reverse hillbillies who are tainting science.  Wind/solar instead of nuclear/fusion? You gotta be fucking kidding me.  Instead of COPING with ANY KIND of CLimate change, we have to stop it?  Gee if we want to be in space, that climate sure is WORSE.  If we can put men in space, which we won't be able to do soon, thanks NerObama,

http://news.discovery.com/space/extraordinary-discovery-launch-from-a-pa...

..., we can survive a couple of degrees changes FOR ANY REASON.  Except if we go anti-science like Obama and Eric Holder.  The true science dullards.  Nothing more anti-science than OBAMA and HOLDER.  Talk about pot calling the kettle black.

Apple can buy the resources to have their chinese slaves make more (that is until they can't...via revolt and/or hyperinflation).

Where's the silver going to come from for more blanks? Demand is high, supply is non-existent. 

Look, gold/silver IS in a bubble.  But the 'fiat' bubble, is 1000x bigger, and since it's relative, as long as one goes up, the other will faster.

When it crashes, you're right, gold/silver might be had for lower than it is now.  But why buy then? Buy now, sell some on the way up, and if you lose the rest AND the banksters disease is ridden, then I would consider that loss, 'a good investment'.

Seriously if I had money, I'd spend it on silver and if I lost most of it, awesome, as long as the Queen's Monetary system and her idiot empire went under.  Whatever legal means to bring change I say.  If people won't do Glass-Steagall or impeach the idiot president for being mentally incapacitated, then while fighting for that on one end, I'd do this on the other...if I had money.  But with all the ladders burned on the way up and ashes were outsourced to Chindia, and from USA->Mexico to Chindia, there are none. 

Sorry Summa Cum Laude shouldn't have to say 'would you like fries with that'?  Yep, but very soon I may be forced to beg (since they aren't plentiful) for a job which pays me less than a dollar an hour per year I spent in college.  Where's the change?  I guess this is the economy we should believe in.  The people who should be running companies, or being a significant part of its strategy should be asking, 'do you want pickles, onions, tomatoes on that sub?'.  Wow things are getting good.  Where's the jobs?  Where's the mag-lev, the fusion program, space program, NAWAPA, Transaqua?  Where are the real things that will create prosperity? Well Obama is not only refusing to push such ideas, HE'S on the SIDE that REFUSES ANY SUCH THING LIKE IT.  (token mag-lev isn't an answer, nationwide system IS)

The people who DON'T know shit, get paid.  Those that understand the truth, are left to rot.  Great system. Some change. 

Fuck you asshole, I'm no racist.  Were you raised by someone who roomed with an African American in college?....In 1951? My parents were even pro jesse jackson and voted for him in the 1984 primary.  I even got to shake his hand in 2004 with the big hubub knowns as the 3rd presidential debate @ASU.  Now, he ain't perfect, but even HE is calling out Obama {not for being less fascist than them...and to make 'fascist tough choices'..but for ignoring REAL social issues...which gasp...needs spending}, for being a fucking tard. His son too. 

Fuck Obama, he's THE RACIST, not against whites, but HIS OWN KIND.  Never in my life would I ever have thought to say, that the african americans are being SHAFTed, by an AFRICAN AMERICAN president, who really doesn't give a fuck about them, or anyone. Seriously, you can't make this shit up.  But there Obama goes, forgetting his own.  Forgetting Haiti.  Forgetting everything, maybe because toots was a bankster? Yep.  It doesn't matter what color or creed you are, it's how you think or refusal to, that matters.  Obama is a dullard.  No imagination, no spirit, and definitely nothing from the wellspring that screams 'american idealism'.  Just british monetarism.  That's his wellspring.

Since I live in Airzona, it's the hispanics.  Guess what, I love hispanics, and I always make sure to treat my local mexican nationals with the respect a human deserves.  A thank you, a nod, holding the elevator open, etc.  Funny thing, when I think about it, most hispanics here illegally are more American in spirit than some that are born here.  I'm sure they wouldn't go for all this Queen of England monetarism you be sporting.  Right there, they're more american THEN you!

Nothing I espouse has anything to do with being racist.  Nothing HERE has anything to do with racism. What part of silver going up is racist? Unless we have some Silver-Americans living out back and using separate facilities that I don't know about. (and if people want to point to certain ethnicities and banks/usury...I could care less...it's happenstance, and the main point, as always is the banks/usury....so who care's about criticizing someone for bringing it up??? only idiots turn themselves off because they hear that....I call those people, weaklings)

Some people are fucking idiots.  Others can only look up to them.  You, have to kneel to the 'others'.  Remember to wipe your chin when they're finished, and don't forget to swallow.  You sure already have swallowed at least one big one.

Did you know? Guzzling bankster cum causes mental sloth. Wake up, and quit being the banksters jizz-guzzling cum dumpster...like Obama.

Glass-Steagall

Wed, 03/02/2011 - 20:14 | 1013436 StychoKiller
StychoKiller's picture

Libertarian != Christian Fundamentalist

Sat, 03/05/2011 - 23:22 | 1022851 Blythes Master
Blythes Master's picture

This is old news. 2010.

The mint never mints coins with previous dates, thus old news.

Move along now. Nothing to see here.

Wed, 03/02/2011 - 10:48 | 1011037 Millivanilli
Millivanilli's picture

Silver ladeeeeeez!

Wed, 03/02/2011 - 10:48 | 1011040 BrianOFlanagan
BrianOFlanagan's picture

Tyler, this is like the 5th time you reported this.  The news is from last year and is regarding the "uncirculated" Eagles, not the "Bullion" eagles.  Bullion eagles are still being produced.

This hyping of silver is getting out of control.

Wed, 03/02/2011 - 10:52 | 1011050 SheepDog-One
SheepDog-One's picture

Thanks for your post, Mr Bernanke!

Wed, 03/02/2011 - 10:57 | 1011068 BrianOFlanagan
BrianOFlanagan's picture

silver has every fundamental reason to keep going up.  Repeated posts of misinformation is not necessary to the cause.  Why is sticking to the facts and reasoned analysis anathema to most silver bulls?

Wed, 03/02/2011 - 11:04 | 1011101 flaunt
flaunt's picture

I tend to agree.  I think people just read the headline and then repeat it.  Clearly there are supply problems without embellishing the facts.

 

Wed, 03/02/2011 - 11:09 | 1011116 BrianOFlanagan
BrianOFlanagan's picture

indeed - that is the real story that should be reported.  Silver eagle dealer inventories are clearly low and premiums are being jacked up.  There is no questioning that there is a shortage of physical silver right now.

Wed, 03/02/2011 - 12:20 | 1011446 NotApplicable
NotApplicable's picture

Premiums rise in order to meet demand. Nothing is being jacked-up, as you either take the best asking price you can find or you exercise your preference for currency. Add to that the comex price suppression, and it becomes clear that the premium variance is the main  thing maintaining any physical market (though less so now with the price breaking out).

In the 2008 crash, premiums went up to $5-$6 as physical was almost impossible to find at the discounted paper price.

Wed, 03/02/2011 - 10:54 | 1011057 Sean7k
Sean7k's picture

True Tyler, if they were to cancel the minting of regular bullion eagles or eagle proofs- this would be news, but they haven't yet. Harvey did report that 3 million of the eagles purchased last month were for a single buyer (China?)- this is interesting news.

Wed, 03/02/2011 - 10:55 | 1011060 Kaiser Sousa
Kaiser Sousa's picture

"This hyping of silver is getting out of control."..

as evidenced by the escalating demand for and the rising "value" of real money...

u left that out...

Wed, 03/02/2011 - 12:02 | 1011344 Sudden Debt
Sudden Debt's picture

and even if silver would be a bubble....

 

I'M IN IT AND I'M BLOWING AS HARD AS I CAN!!

 

I can't wait untill the time thenewspapers say: SILVER AT A ALL TIME RECORD!!!

Wed, 03/02/2011 - 14:13 | 1012044 SilverRhino
SilverRhino's picture

That would be $810 an ounce looking at the 600 year chart. Or if we go back to Egypt, gold and silver would be at parity.

Wed, 03/02/2011 - 10:59 | 1011072 lieutenantjohnchard
lieutenantjohnchard's picture

i go to the mint site daily but can't queue up a purchase for eagles. went there this morning and no luck queueing up an order under the american eagles.

do you mean buffalo coins ($1660) when you say bullion eagles? if not, where at the site are the bullion eagles?

Wed, 03/02/2011 - 12:43 | 1011513 Misstrial
Misstrial's picture

Hope I am understanding your question here; to clarify, Eagles are bullion coin. The official bullion coin of the United States. Bullion in coin form.

Hope I am being understood here.

You could order from the Mint, however at this point in time, Monex or Gainesville have the Eagles. 

Buffaloes have a higher gold content than the Eagles (24k v. 22k), that's why they are more expensive. Not the same coin as the Eagle. 

~Misstrial

Wed, 03/02/2011 - 12:58 | 1011656 lieutenantjohnchard
lieutenantjohnchard's picture

very helpful actually. what i'm gathering is that the big dealers buy the majority of the allotment, mark it up and then sell it to the public as middleman.

thanks for the follow up.

Wed, 03/02/2011 - 13:00 | 1011667 lieutenantjohnchard
lieutenantjohnchard's picture

also, i wasn't aware the beefaloes had more gold than the eagles. that does explain the higher cost.

Wed, 03/02/2011 - 13:08 | 1011697 Misstrial
Misstrial's picture

Correct.  Buffaloes are a beautiful coin with the higher gold content. 

More yellow in color. I own 2 Buffalo nusimatics and now each are worth $2600+.

~Misstrial

Wed, 03/02/2011 - 13:29 | 1011800 lieutenantjohnchard
lieutenantjohnchard's picture

what i've learned here is a good reminder for what seems to be a pattern for me. i assumed wrongly that the lesser coin was the buffalo, with a higher markup for numismatic collectors, when in fact it may be numismatic but it has more gold.

it's like the man said, or something similar. it's what you think you know to be true that isn't that's the problem. that's me in spades.

it pays to listen and ask questions.

Wed, 03/02/2011 - 13:39 | 1011860 Misstrial
Misstrial's picture

Due to the higher gold content, buffaloes are the more expensive coin and have been for some time. 

imo, its a more beautiful coin with the more yellow color and it is more polished than the Eagle. Its simply lustrous; the pics do not do it justice.

~Misstrial

Wed, 03/02/2011 - 16:13 | 1012527 Thisson
Thisson's picture

I am not sure you are correct.  I believe both the 22k and 24k coins contain 1 troy ounce of gold.  The 22k coin has additional silver and copper mixed in so it is a bit harder, less scratch-resistant, etc (this also changes the color of the coin).  The 22k coin therefore has a total weight (1.0909 troy oz) that is a bit higher than the 24k coin (1.0001 troy oz).

Wed, 03/02/2011 - 16:23 | 1012565 Misstrial
Misstrial's picture

I am correct because the difference (22k v. 24k) is in alloy, hence the price differential:

http://www.gold-bullion.org/blog/?p=25

~Misstrial

Wed, 03/02/2011 - 13:35 | 1011748 Misstrial
Misstrial's picture

Yes, although markup (commishs) will differ from one dealer to the next. Best thing is to call around since sometimes they will not give you this info on their site.

There is a coin premium though, not to be confused with sales commissions;

For gold coins (1 oz) the coin premium is about $20 over spot and silver is about $1-2 over spot, not including sales commissions. The idea being that trade in coin form is more convenient and recognizeable as currency as opposed to a bullion bar (and not to knock bullion bar or brick - a physician or dentist or surgeon wouldn't take issue with that form). There is the cost of assaying the gold content, minting/stamping/production etc. All of that is factored into the cost of a coin.

And wanted to note here that a bar for a 1 oz is about the size of a credit card with about the same thinness. So its not like its inconvenient or anything. Good thing about the bars is that they are cheaper because you're not paying a coin premium. 

Goldline.com is very good and will actually refund you the price difference if the spot price falls at any time following your purchase for two weeks. No minimum.

Some dealers have minimums such as Monex (used to be $8k, then $5k), Schiff has a $20k minimum. Gainesville has no minimum. Not sure about apmex - never bought from them.

~Misstrial

Wed, 03/02/2011 - 13:40 | 1011859 lieutenantjohnchard
lieutenantjohnchard's picture

i like the gold bar idea as diversification and cost. i'm going to get a bar since i have way more silver than gold. it'll help balance out the holdings.

Wed, 03/02/2011 - 15:39 | 1012360 snakeboat
snakeboat's picture

I'll vouch for APMEX... excellent (personal emails) customer service and no mins that I know of.

Wed, 03/02/2011 - 15:50 | 1012418 Misstrial
Misstrial's picture

OK, thank you for that info. Many ZH'ers have made postive comments about apmex and Gainesville.

~Misstrial

Wed, 03/02/2011 - 14:03 | 1011988 JW n FL
JW n FL's picture

nick@gainesvillecoins.com

 

Dear Mr. Castellano,

 

As you know from the below email, our office has the honor and responsibility of representing Ms. XXXXXX.  We would appreciate confirmation as soon as refunded our client in full.  I am at a loss to understand why you required wire instructions when a credit will suffice.

 

In any regard, please refund the amount in full promptly and be sure to reply to me that same has been completed.

 

Thank you for your assistance.

 

Rusty Huseman

 

William R. Huseman, P.A.

3733 University Blvd. West, Suite 305A

Jacksonville, Florida 32217

(904) 448-5552

Fax (904) 448-5653

 

 

 

Gainesville Coins is a Boiler Room Operation.

 

Gainesville Coins is NOT a dealer of the US Mint… You will be paying for the extra hand in the deal. http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=lookup

 

Gainesville Coin did try to screw my Mother.

 

Use this information however it best suits you.

Wed, 03/02/2011 - 15:35 | 1012343 ft65
ft65's picture

Quoting JW n FL / GLP ^TrInIty^ >>Gainesville Coin did try to screw my Mother.

It was not the act that Gainsville coins perpetrated against your mother, that offends me, rather the man who happens to share half your genes.

Wed, 03/02/2011 - 15:49 | 1012411 JW n FL
JW n FL's picture

How come you are not advertising direct links to your web site any more? what happened?

Wed, 03/02/2011 - 15:46 | 1012392 Misstrial
Misstrial's picture

The text of the above letter fails to explain exactly what occurred or if any alleged unethical or illegal activity transpired. 

Sorry your mother had problems with them. How old is she? Has she ever transacted in bullion before? 

From the text of the letter, I can infer that whatever occurred was probably a misunderstanding between the parties which was corrected by a refund. This happens in businesses all the time, and in my view, does not constitute fraud or misrepresentation unless determined in a court of law.

As an aside, I've ordered from Gainesville about 1/2 dozen times and never had a problem.

The metals market is moving faster than it used to and I'm guessing your mother (age 70+ ?) probably did not comprehend the transaction.

This is understandable - perhaps in the future, you will conduct PM transactions for her. 

~Misstrial

Wed, 03/02/2011 - 15:49 | 1012407 JW n FL
JW n FL's picture

"I am at a loss to understand why you required wire instructions when a credit will suffice."

 

What is not to understand? they took payment and did not deliver? thusly they were put on notice.

 

I dont understand how you dont understand?

 

The price spiked and they wanted to keep the monies? I dont know what Gainesville Coin was trying to pull over on my Mother...

 

But the Fact remains, Gainesville Coin is not Direct to the Mint.. which means a second party is involved.. which means you are paying more than you need too..

http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=lookup

 

So maybe I can help you with your purchasing needs as well. You are Welcome.

Wed, 03/02/2011 - 16:14 | 1012468 Misstrial
Misstrial's picture

Sorry to disagree - the exact problem is still not described in the above phrase as to who said what or who did not perform according to the purchase agreement. There is simply not enough information to determine what really happened. Legal person here, and I need facts.

As far as delivery problems, Gainesville will contest a non-delivery with the US Postal Service. The USPS will fire any carrier who fails to deliver Registered Mail or who fails to obtain a signature.

Even if your mother did not receive her order, all Gainesville shipments are insured by Lloyds of London and the customer will get their ordered shipment at the price ordered.

Sorry, but your mother most likely failed to comprehend the details of the transaction or her purchase agreement. 

PM dealers do not fool around. You either have the purchase money or you don't, you either have the corresponding shipping/billing address or you don't, and they generally do not transact with people who cannot comprehend financial matters.

If you are a considerate and concerned son, I rec that you transact for your mom.

Go online and get a Financial Power of Attorney document for your State; get it filled out and signed and notarized/witnessed (if required). Make sure that your mother has a living trust with an Incapacity Clause.

~Misstrial

Thu, 03/03/2011 - 21:44 | 1017175 JW n FL
JW n FL's picture

What is not to understand? they took payment and did not deliver? thusly they were put on notice.

 

I dont understand how you dont understand?

 

The price spiked and they wanted to keep the monies? I dont know what Gainesville Coin was trying to pull over on my Mother...

 

But the Fact remains, Gainesville Coin is not Direct to the Mint.. which means a second party is involved.. which means you are paying more than you need too..

http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=lookup

Wed, 03/02/2011 - 17:27 | 1012826 DosZap
DosZap's picture

Buffaloes have a higher gold content than the Eagles (24k v. 22k), that's why they are more expensive. Not the same coin as the Eagle

 

Ah, not true mi amigo.

They both contain 1oz 24k gold.

Eagles are a mix of copper/etc, to make them 22k, and they are larger coins because of that.

Thu, 03/03/2011 - 02:32 | 1014266 Misstrial
Misstrial's picture

Au contraire mon ami, buffaloes are 24k:

http://www.goldline.com/coins-american-gold-buffalo

Eagles are 24k diluted by other metals to be 22k:

http://www.goldline.com/coins-american-gold-eagle

The coins are the same size. Please scroll down on the above links to view coin diameter.

~Misstrial

Thu, 03/03/2011 - 13:10 | 1015361 The Lawnmower
The Lawnmower's picture

THE LAWNMOWER likes your purchase but you are 100%

wrong. Both contain 1 troy oz of gold. the american eagle

weighs 33.931 grams due to the added alloy. The buffalo

weighs 31.1035 grams. I do this for a living. 

Wed, 03/02/2011 - 17:31 | 1012848 DosZap
DosZap's picture

You should not be able to purchase direct from the MINT.

Except for Proof sets, or coins.

Plain Bullion Eagles are dealer only.

Wed, 03/02/2011 - 11:12 | 1011121 Math Man
Math Man's picture

I agree.  Silver coins also only represent 8% of the silver market.

There is no shortage. If you need silver you can find it.

The mint is also required to source their silver domesitcally, unlike everyone else.

And PS.  They should stop producing 2010 coins.  It is 2011.

Non-news.  Snooze.

Wed, 03/02/2011 - 11:20 | 1011161 tmosley
tmosley's picture

No shortage huh?  Find me three COMEX deliverable bars.  APMEX has two, one of which is priced numismatically.  Can't find not a ONE anywhere else.

And "only" 8% of the silver market?  Saudi Arabia "only" produces 12% of the world's oil.

But hey, you don't need facts.  We should all just trust your logically inconsistent assertions that have thus far proven to be 100% WRONG.  Nice track record, loser boy.

Wed, 03/02/2011 - 11:33 | 1011220 Math Man
Math Man's picture

Hey ass-fuck.  Supply and demand are two different concepts.

 

Wed, 03/02/2011 - 11:35 | 1011233 Math Man
Math Man's picture

And might I add, there are 10,000 tons of Silver sitting at SLV.

All the silver you could want and need.   If you want silver, all you have to do is buy 50k shares and you can have an AP exchange them for physical for you. 

You guys are all MORONS.  But especially tmosely with his 95% allocation to silver.

Wed, 03/02/2011 - 11:42 | 1011258 Sean7k
Sean7k's picture

While you're adding, why don't you find a source for that supposed 10,000 tons at SLV. Which is leased from London by the way. If you have been paying attention- there have been zero deliveries into dealer inventory the first two days and plenty of cash payouts  +premium.Tulving is out of monster boxes of eagles- I have never seen them out. 

You're an idiot.

Wed, 03/02/2011 - 11:54 | 1011299 Math Man
Math Man's picture

The serial number of every bar is available publicly. http://us.ishares.com/product_info/fund/overview/SLV.htm

There is no possible way that the silver is leased.  It is allocated, which means the fund hold clear and clean title to it.  They may have bought it from someone who leased it, but that is not their problem...  it is up to the lessee to secure the silver for delivery at the expiration of the lease.  No one else has a claim on your allocated account.  It is yours.

And, by the way, tonnage increased by 27 tons yesterday - or 780k ounces.  Some shortage.

Get back to looking for the 2nd gunner on the grassy knoll. 

Wed, 03/02/2011 - 12:11 | 1011388 Sean7k
Sean7k's picture

The silver is allocated and unallocated. Read the peospectus. Meaning, the serial numbers mean nothing. The silver is leased from the London exchange, ask Harvey Organ. According to market close yesterday, the fund was unchanged. Where you get your information must be a joke. Try Harvey Organ- he reports these numbers everyday, but Friday.

Troll.

Wed, 03/02/2011 - 12:14 | 1011421 Math Man
Math Man's picture

Oh wow.  Harvey Organ.  Now there is a reputable source - for conspiracy theories.

There is no proof ever shown anywhere that SLV leases their silver.

And PS, it is all allocated.  Look at the list.  All 10,000+ pages of it.

The fund was not unchanged.  10,666 tons on 2/28, 10,693 tons on 3/1.

It increased by 27 tons.

Wed, 03/02/2011 - 12:19 | 1011434 Harmonious_Diss...
Harmonious_Dissonance's picture

So how's that GEN treating you, eh?

Wed, 03/02/2011 - 12:21 | 1011451 Beau Tox
Beau Tox's picture

I was just now speaking with Math Woman.  You're right, the very same Math Woman that married him before Kennedy took office.  She left the phone off hook and all I heard was screaming about the way he was supposed to clean the toilet and how next time she would make him lick it clean.  Math Man retired from teaching at Georgetown and has never since learned how to do ANYTHING right.

Wed, 03/02/2011 - 15:40 | 1012374 faustian bargain
faustian bargain's picture

Hm, you look familiar.

Wed, 03/02/2011 - 12:57 | 1011526 Sean7k
Sean7k's picture

Of course, you are much more of an authority, eveyone quotes Mathman. Read the prospectus, it is allocated and unallocated, or do you know more than JPM as well?

There was an increase of 27 tons of paper, look at the Comex deposits to dealer inventory record- not one ounce for the last two days. In fact payouts to the longs have been made without one deposit. How do you do that exactly?  http://www.zerohedge.com/article/guest-post-gld-and-slv-disclosure-precious-metals-puzzle-palace gives a great explanation of the trust and how it operates.

Additional source material on Project Mayhem and problems in the bar inventory records.

 http://www.goldchat.blogspot.com/2009/07/multiple-anomalies-detected-in-silver.html

 

Funny how all those bars reside in London...

 

What a troll.

Wed, 03/02/2011 - 13:21 | 1011758 Bay of Pigs
Bay of Pigs's picture

Sean7K,

You are talking miles above his puny little head. On silver, he doesn't know shit from Arbuckles coffee.

But thanks for providing the information that is helpful to old vets and new readers alike. You're a class act.

Wed, 03/02/2011 - 14:03 | 1012003 Sean7k
Sean7k's picture

Thanks, we have a lot of people providing great info here- guess that's why we stay?

Wed, 03/02/2011 - 15:06 | 1012241 greenbear
greenbear's picture

Thanks for those links!

Wed, 03/02/2011 - 12:15 | 1011418 tmosley
tmosley's picture

Uh-huh, then why is it no-one on the planet can supply me with more than a single COMEX deliverable bar at a reasonable premium to spot?

Wed, 03/02/2011 - 12:22 | 1011452 Math Man
Math Man's picture

So where did the 27 tons deposited in trust come from?

You may have difficulty sourcing retail quantities of silver, but the big boys have all they need.

Silver bars and coins are a small component of silver demand.

The majority goes to industrial users who prefer silver shot.  They don't waste their time making bars that their customer (industrial users) don't want.

 

Wed, 03/02/2011 - 12:37 | 1011534 tmosley
tmosley's picture

Where did the silver come from?  Likely the same place the Enron profits came from.

COMEX deliverable bars are NOT retain quantities, you blithering moron.  You really think that SLV is taking delivery on silver SHOT!?  

SLV is able to get all this "silver" at the exact same time that many, MANY others are looking for similarly large amounts and are TOTALLY unable to source them.

You don't know what you're talking about, and you have proven that definitively with your consistently wrong calls.  Just shut up, loser.

Wed, 03/02/2011 - 12:46 | 1011578 Math Man
Math Man's picture

No SLV only takes bars....  that is the point.  They delivered bars, and didn't pay a premium.

There are no shortages. 

Big boys can get all they want.  If you want 50 thousand ounces of Silver, just go buy 50 thousand shares of SLV and have an AP exchange them for the physical.

And I've just been SO wrong.  I'm calling for $20 silver this summer.

It's not even spring yet.

The only people who can't find silver are morons like yourself buying coins and bars and burying canned hams in your back yard.

Wed, 03/02/2011 - 13:08 | 1011703 tmosley
tmosley's picture

They are buying the same COMEX deliverable bars I am.  They can source it, but I can't.  Neither can Sprott.  Neither can APMEX.  Neither can Tulving.  Neither can ANYONE ELSE IN THE WHOLE WORLD.

Enron makes a profit while everyone else loses money.  I wonder how they managed that?

Wed, 03/02/2011 - 13:43 | 1011881 55 men
55 men's picture

Does that mean we only have to put up with your garbage tell this summer or will you change your timeline once your proven wrong.

Wed, 03/02/2011 - 15:34 | 1012340 greenbear
greenbear's picture

Is there a price for silver at which you'll be quiet and admit that you were wrong? $100 $250 $500 $1000 $10,000?  I doubt it, you'll cry BUBBLE all the way up.  When shills like you begin to promote silver as an investment it'll be time to sell. 

 

Wed, 03/02/2011 - 12:46 | 1011565 Captain Kink
Captain Kink's picture

MTB in new York has bullion bars, I did not ask them how many.  As to coins, they have no Eagles and no Maple leafs.  All they have is Philharmonics.  They will get Eagles on Friday and Maples in 2 weeks.  I prefer maples, and when I asked how many, he said, "As many as you want."  He knows me and knows that I buy at most 500 at a clip.

Wed, 03/02/2011 - 16:28 | 1012592 Thisson
Thisson's picture

Captain Kink, if you dont mind, what do you usually pay over spot in NYC?

> $2?

Wed, 03/02/2011 - 13:15 | 1011732 luk427
luk427's picture

Their allocated in J.P.Morgan and HSBC vaults. If they go tits up,your in line with all the other creditors. Segregated is the best.Look what happens when the banks go bankrupt and they walk in and clean out your safety deposit box.Sprotts metal is segregated at the Royal Canadian Mint.

Wed, 03/02/2011 - 11:50 | 1011284 Dr. Porkchop
Dr. Porkchop's picture

You'd think that if you were so superior in your knowledge you'd be out making money instead of hanging around a silver thread telling people how wrong they are in post after post. You're not even a troll. You're beyond troll, you're just a twat.

Wed, 03/02/2011 - 12:13 | 1011409 Harmonious_Diss...
Harmonious_Dissonance's picture

He cunt hear you.

Wed, 03/02/2011 - 12:32 | 1011504 Hearst
Hearst's picture

It's simple.  I gnore T he F ucking T roll

 

ITFT!  

Wed, 03/02/2011 - 11:58 | 1011326 lieutenantjohnchard
lieutenantjohnchard's picture

concentrate your money to accumulate your wealth (gates, sprott) and diversify to preserve, except for those occassions where most everything goes down together. 

Wed, 03/02/2011 - 12:13 | 1011407 tmosley
tmosley's picture

No, they are two parts of the same concept.

Until you understand that, you will continue to be a loser.  It's going to be hard to enjoy your Ferrari when you can't afford gas.

Wed, 03/02/2011 - 12:13 | 1011410 ATM
ATM's picture

I can get all the silver you want right now.

Not having a problem because it's coming back out from ranny and the stupid uncles who need their cigarette fixes. The silver dump by idiots is happening right now, at least in my neck of the woods.

Wed, 03/02/2011 - 17:55 | 1012935 DosZap
DosZap's picture

tm,

 APMEX has two, one of which is priced numismatically.

 Dem biatches dun got greedy on their stuff,I saw that bar, and laughed my ass off.I stopped using APMEX.

Want another one, I know where one's hiding $34.93oz.(it's headed his way, due anytime, and will pre-sell it to you).

Let me know.

Thu, 03/03/2011 - 13:52 | 1015537 The Lawnmower
The Lawnmower's picture

THE LAWNMOWER says your not finding them because you don't know where to look. I have plenty of them. I took an order for 42 1000oz silver bars 2 days ago. If someone wanted 500+ of those bars I could fill the order.
Be ready for some swings in prices but silver will finish between 40-50 at the end of the year and 80 by the end of 2012. Guaranteed.

Wed, 03/02/2011 - 11:22 | 1011167 lieutenantjohnchard
lieutenantjohnchard's picture

math man, if you're gonna be a matador in the bull fight you've got to get a red cape for us bulls to charge. your post is hardly worthy of a great matador to stir us bulls up.

ramp up the hyperbole, baby. bring on the comments like dhs provacateurs coming to our homes to get our silver, then interning us.

you seriously need consultation with hamy wanger. he knows how to create responses and junks for the lunch pot in your game.

come on, man.

Wed, 03/02/2011 - 11:29 | 1011200 tmosley
tmosley's picture

Less matador, more fat blind guy at the running of the bulls.

He's been repeatedly gored.  His positions are all worthless at this point.  Unless he is using a practice portfolio, he will lose everything he has invested.

Wed, 03/02/2011 - 11:37 | 1011243 lieutenantjohnchard
lieutenantjohnchard's picture

lol. if he really is short he's a gored matador. he reminds me of those fellas in spain that get run over by the bulls when they set them loose in the streets.

Wed, 03/02/2011 - 11:26 | 1011190 Harmonious_Diss...
Harmonious_Dissonance's picture

How's GEN doing today, Meth?

Wed, 03/02/2011 - 11:38 | 1011245 Math Man
Math Man's picture

Up 9% YTD.   That and some others more than offset my SLV put marks.

Wed, 03/02/2011 - 11:48 | 1011274 Harmonious_Diss...
Harmonious_Dissonance's picture

lol! Nice.

Wed, 03/02/2011 - 12:16 | 1011426 tmosley
tmosley's picture

Meaning you're up what, 2% this year?

What a loser.  You're hardly beating a fucking CD.

Wed, 03/02/2011 - 12:50 | 1011608 oddjob
oddjob's picture

Beating off is Mathman's prime area of expertise.

Thu, 03/03/2011 - 03:51 | 1014326 Burnbright
Burnbright's picture

I doubt he is beating inflation.

Wed, 03/02/2011 - 14:27 | 1012117 barkingbill
barkingbill's picture

dude

Wed, 03/02/2011 - 14:27 | 1012119 barkingbill
barkingbill's picture

dude youre sad. 

Mon, 03/07/2011 - 16:06 | 1027198 clickjaw
clickjaw's picture

Math Man is RNR. He is a Soros paid troll.

Wed, 03/02/2011 - 12:08 | 1011381 CrazyCooter
CrazyCooter's picture

This went around back in December ... but reposting for those that might have missed it ... such as "Math Man" ...

Per HR 6162 (already signed by the big O), the language "the Secretary shall mint and issue, in quantities sufficient to meet public demand" has been changed to "the Secretary shall mint and issue, in qualities and quantities that the Secretary determines are sufficient to meet public demand".

My read of this is that Tim Geithner will be able to set coin production volume and purity, specifically Silver Eagle production, at whatever level he sees fit.

 

Cooter

Wed, 03/02/2011 - 18:11 | 1012998 DosZap
DosZap's picture

Crazy,

Yeah I saw that, if they want to stop selling them, go for it.

No way I go back to Bi Metal shit, and call it Mr.Goodbar.

 

Wed, 03/02/2011 - 17:43 | 1012895 naughtius maximus
naughtius maximus's picture

No shortage? Well stocks are declining there is no question about it:

http://www.apmex.com/Category/160/Silver_Eagles___Uncirculated_2011__Prior.aspx

Many of these products are sold out and apmex is one of the strongest dealers in North America.

Wed, 03/02/2011 - 12:02 | 1011343 shortus cynicus
shortus cynicus's picture

This hyping of silver is getting out of control.

Who is controlling and what?

Could you please explain some of the control mechanisms you're talking about?

Wed, 03/02/2011 - 12:28 | 1011484 tewkatz
tewkatz's picture

Are we not missing the point here...if silver were priced appropriately (i.e. at free-market price), there wouldn't be a shortage, as silver would be too 'expensive' for such a large demand to exist...

Supply/demand is (way?) off, so we have a shortage.

Wed, 03/02/2011 - 13:54 | 1011944 Long-John-Silver
Long-John-Silver's picture

+1

Wed, 03/02/2011 - 12:52 | 1011625 Head for the Hills
Head for the Hills's picture

"Tyler, this is like the 5th time you reported this. The news is from last year and is regarding the "uncirculated" Eagles, not the "Bullion" eagles. Bullion eagles are still being produced. This hyping of silver is getting out of control."

Tyler is already dead.

This site is now run by the algos.

 


Wed, 03/02/2011 - 14:27 | 1012106 Captain Kink
Captain Kink's picture

+1 LMAO

Wed, 03/02/2011 - 13:32 | 1011829 BrianOFlanagan
BrianOFlanagan's picture

as it looks like my post is going to be "junked" into oblivion, I present to you the first edition of my Metals Misinformation Watch:

http://northeastbullion.tumblr.com/post/3602558422/metals-misinformation-watch-1

 

Wed, 03/02/2011 - 10:51 | 1011047 Gen X Gen Y Hybrid
Gen X Gen Y Hybrid's picture

Experienced professional traders,

When we are in the middle of a parabolic move north in unchartered territory, what are they key signs to tell if there is more room to run or if things have topped out?

RSI?  Fib?

Wed, 03/02/2011 - 10:58 | 1011069 Tric
Tric's picture

tea leaves

Wed, 03/02/2011 - 11:01 | 1011084 gordengeko
gordengeko's picture

GUT.  Throw everything else out the window.

Wed, 03/02/2011 - 11:28 | 1011202 Oh regional Indian
Oh regional Indian's picture

I agree. All NUMBers matter not, ANALysis is usually paralysing and following the herd usually leads to a cliff jump.

The contrarian play, in my book is exit AU in favour of Ag, even now. But my rationale is not based in reason or logic. 

A well developed instinct has always been the successful trader's hallmark.

ORI

http://aadivaahan.wordpress.com/2011/02/25/wisdom-for-warriors-7/

Wed, 03/02/2011 - 11:17 | 1011140 smeagol
smeagol's picture

MACD, TSI on a long term chart

Wed, 03/02/2011 - 11:20 | 1011163 SubjectivObject
SubjectivObject's picture

If one's event horizon is long term, let winners run; call not the top but the trend, the chart will articulate itself in time; but the consequence of variant sovereign interventions should be anticipated.

Wed, 03/02/2011 - 14:17 | 1012069 AG BCN
AG BCN's picture

Watch Cramer.

Thu, 03/03/2011 - 14:42 | 1015784 The Lawnmower
The Lawnmower's picture

THE LAWNMOWER  says use the 100 dma. when its 20%

over the 100 dma there will be a slight pullback. happens

everytime and its healthy . silver may pullback to 32.50

before it makes its journey to 50 by the end of the year.

Wed, 03/02/2011 - 10:55 | 1011062 sulfur
sulfur's picture

i dont get it.... i once learned that demand and supply make the prce of a good....so how come there is no fucking silver supply and the price still that low....blythe must have a serious headache now

Wed, 03/02/2011 - 10:55 | 1011063 spartan117
spartan117's picture

2010 American Eagles? 

Wed, 03/02/2011 - 11:06 | 1011109 ColonelCooper
ColonelCooper's picture

That's what I was wondering.  Wouldn't they have halted minting 2010 Eagles so that they could mint 2011 Eagles?

Wed, 03/02/2011 - 10:57 | 1011064 panika2008
panika2008's picture

They're just halting producing 2010 uncirculated coins. Please, just a little, any reporting honesty. By the way, the story looks a lil' stale...

Wed, 03/02/2011 - 11:03 | 1011088 Dagny Taggart
Dagny Taggart's picture

However, because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.

The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

Not once, but twice in the article.

Wed, 03/02/2011 - 11:04 | 1011100 panika2008
panika2008's picture

And you mean...?

Wed, 03/02/2011 - 11:19 | 1011151 Dagny Taggart
Dagny Taggart's picture

Please, just a little, any reporting honesty.

You implied it was dishonest reporting. It was not. If it was a typo, and you meant it like "honestly, this isn't reporting" then you dismissed the all time high prices which make it both relevant and news.

Wed, 03/02/2011 - 11:26 | 1011188 panika2008
panika2008's picture

Is it now some kind of a standard practice to post headers that are only 50% true and the rest is actually disinfo bordering on manipulative commercialism?

Did the US of A fall so low? If so, I guess you guys deserve to be ruled by crooks like Ben and Timmah.

Wed, 03/02/2011 - 11:35 | 1011229 tmosley
tmosley's picture

Did you actually bother to look at the site?  There is no mention of production of ASEs anywhere.  I don't know if this is an oversight on their part (sort of like McDonalds forgetting to put french fries on their menu), but when you click on "American Eagle Coins" then "American Eagle Silver Uncirculated Coins", that is the notice you get.  

Honestly, it doesn't make sense.  They have posted their production schedule, and it includes all kinds of crap, including the proof versions, but way down near the bottom it has the uncirculated coins listed as "TBD".

Wed, 03/02/2011 - 11:36 | 1011237 panika2008
panika2008's picture

Honestly, the info is at least 6 months old. Capiche?

Wed, 03/02/2011 - 11:55 | 1011305 tmosley
tmosley's picture

And it hasn't been updated because the situation hasn't changed.

I had to leave the Mint site and go to Wikipedia to get some answers on the "bullion" vs "uncirculated" issue.  Apparently others in this thread have been correct in that they are different.  I was unable to find ANY mention of bullion eagles on the Mint's website.  No mention of production schedules.  No nothing.

Why is there no information?  Doesn't that strike you as odd?  They have all the information you could ever want about every other stupid piece of crap they make, but not a word about their best selling item.

Wed, 03/02/2011 - 12:07 | 1011370 cxl9
cxl9's picture

Did you try calling them? :)

1-800-USA-MINT (872-6468)

 

Wed, 03/02/2011 - 12:45 | 1011579 tmosley
tmosley's picture

They directed me back to the website, which doesn't have the information I am looking for.

The closest they have is sales totals here: http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sal...

Wed, 03/02/2011 - 13:15 | 1011728 Captain Kink
Captain Kink's picture
From f
FAQs  | Privacy Policy



  American Eagle Silver Uncirculated Coin

Production of United States Mint American Eagle Silver Uncirculated Coins continues to be temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Until recently, all available silver bullion blanks were being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”

Although the demand for precious metal coins remains high, the increase in supply of planchets—coupled with a lower demand for bullion orders in August and September—allowed the United States Mint to meet public demand and shift some capacity to produce numismatic versions of the American Eagle One Ounce Silver Proof Coin.

However, because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.

The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

This is what it says on the US Mint site.

Wed, 03/02/2011 - 11:00 | 1011080 Bansters-in-my-...
Bansters-in-my- feces's picture

Sure glad the gold in Fort Knox is safe and sound.

The whole ounce.

Wed, 03/02/2011 - 13:56 | 1011954 Long-John-Silver
Long-John-Silver's picture

I thought it was a 1/10 ounce?

Wed, 03/02/2011 - 11:01 | 1011081 Ancona
Ancona's picture

Silver inventory at most of the larger retailers is pretty low and will be getting lower. Silver has been marching forward for quite a while now, and I expect to see another four or five dollars before any pullback. There's just to much demand right now. When demand slows a bit, production should catch up. That is of course, contingent upon the banksters not jumping in on the long physical side.

Wed, 03/02/2011 - 11:01 | 1011086 breezer1
breezer1's picture

canadian mint reported big demand for the new 1 oz silver buffallo but are unable to meet demand because they can't get enough silver. orders remain backlogged. sure there is tonnes of silver sitting around but they can't deliver because of the snowstorms, or the flooding. maybe there is a bridge out somewhere or a rail strike. etc, etc...

Wed, 03/02/2011 - 11:01 | 1011089 camoes
camoes's picture

TBTF running iwith their pants down, bitchez!

Wed, 03/02/2011 - 11:02 | 1011090 buzzsaw99
buzzsaw99's picture

I gave my little niece a bunch of those. I hope she didn't sell them for a Dora doll.

Wed, 03/02/2011 - 12:11 | 1011397 Charles Wilson
Charles Wilson's picture

She didn't. From what I understand, she traded everything for as many Carl Barks drawn "Scrooge McDuck" comic books as she could find.

"Those duck stories are, like, soooo cute!  And they appreciate much better than that nasty old silver 'n stuff."

 

CW

Wed, 03/02/2011 - 11:03 | 1011093 FluffyCone
FluffyCone's picture

Local coin dealers wanted too much premium over spot for the American Eagles Silver.  Maybe I'm just a poor negotiator.  As an alternative, I purchased America the Beautiful Quarters Silver Proof Set which came out to about 36.49 per ounce.  Now they are temporarily unavailable.

Wed, 03/02/2011 - 11:13 | 1011132 yabyum
yabyum's picture

US junk silver, my friend, Low premiums= more silver for you.

Wed, 03/02/2011 - 14:00 | 1011977 Long-John-Silver
Long-John-Silver's picture

All my local coin and pawn shops have stopped selling any Silver. One owner told me they were waiting for the "explosion" and would start selling at the new higher prices.

Wed, 03/02/2011 - 11:03 | 1011096 internethobo
internethobo's picture

Hey just a little note, but that notice has been up on the US Mint's website since July of 2010.  They are still minting the 2011 Eagles.

Wed, 03/02/2011 - 11:06 | 1011107 panika2008
panika2008's picture

Yeah, that is SO hard to see. Silver bugs running blind in amok. Guess the top is near.

Wed, 03/02/2011 - 12:14 | 1011416 viahj
viahj's picture

ok that did it...no missle defense for you!

Wed, 03/02/2011 - 12:18 | 1011436 panika2008
panika2008's picture

Doh. That's old news too. ;)

Wed, 03/02/2011 - 11:20 | 1011159 Matt
Matt's picture

imagine how much simpler the world would be, if websites simply posted dates on all notices and articles.

Wed, 03/02/2011 - 11:08 | 1011110 notadouche
notadouche's picture

Hi Ho silver!

Wed, 03/02/2011 - 11:08 | 1011113 buzlightening
buzlightening's picture

Just wait until AmeriCON'd wakes to the historical physical silver run taking place right before their blind eyes! Silver will be scarce as dino doo!!

Do NOT follow this link or you will be banned from the site!