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US Mint Out Of Silver Coins - Suspends Sales
As we noted earlier this month, the demand for both gold and silver 'physical' coins has been record-breaking as 2013 began. So much so, that now after selling over 6 million silver coins in 2013 so far, the US Mint has run out of silver eagles and has suspended sales. Furthermore, the Mint is saying that it will not restart sales until January 28th! With all asunder proclaiming victory and crisis averted based on the nominal price of stocks at five-year highs, Swiss interest rates no longer negative, and Spanish bond yields at 5%, it seems there are still a few that demand the wealth-preserving safe-haven of hard assets as the escalation of the currency wars shows no sign of abating.
Authorized Purchasers,
The United States Mint has temporarily sold out of 2013 American Eagle Silver Bullion coins. As a result, sales are suspended until we can build up an inventory of these coins. Sales will resume on or about the week of January 28, 2013, via the allocation process.
Please feel free to call us if you have any questions.
Regards,
Jack A. Szczerban
Branch Chief, Precious Metals Group
Department of the Treasury
United States Mint
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Divergence from paper begins....
Gold coins next.
THEN the "bidding" war begins.
Yes indeedy. Panic is beginning to set in. And those silver eagles are beautful!!!
http://confoundedinterest.wordpress.com/2013/01/15/game-of-thrones-gold-...
Empty shelves are exactly what you get with price controls.
Silver is no different.
Remain Calm!
As this morning's article points out, SLV added like a billion tons the other day. They simply bought it all from the US Mint. http://www.zerohedge.com/news/2013-01-17/slv-etf-adds-record-572-tons-silver-one-day-more-all-2012
Relax!
Everything is under control!
If I stop selling guns, will demand subside? Hmmm.....
Hide Yo Silver... AWAY!
ounces just like the law of the land defines.
Not much available here:
http://www.apmex.com/Category/1206/Silver_American_Eagles_Sealed_Monster_Boxes.aspx
Yeah... Check out the 'coins by bag' section at APMEX. Before Christmas it was no problem to buy some old Morgans or Peace dollars. Now, it's like a ghost town (Virginia City??). Hardly any old coins in stock.
What was Jeff Christian of the CME saying about supply?
http://www.silverdoctors.com/jeffrey-christian-silver-demand-is-weak-enormous-surpluses-to-cause-silver-to-outperform-gold-to-the-downside/
Funny thing, premiums on Eagles are rising dramatically TONIGHT, but Spot Silver is still holding back:
http://www.pmbull.com/silver-price/
An advertiser on that site says they have the best prices, but I only see 900+ Eagles in inventory there!
ruul 1 of economy 101:
the lower the price, the lower the supply
Ebay Silver premia:
http://www.24hgold.com/english/buy_sell_silver_coins.aspx?co_id=0
Silver not out of stock here:
https://www.scotiamocatta-estore.scotiabank.com/stores/scotiamocatta/cat...
Perhaps they want to knock the paper price down a few dollars and don't want to sell the coins when the price is depressed. If we get a raid or two now while those who buy from the mint cannot do so, maybe that is indeed the case. A dip now and a ramp before January 28th?
http://www.dailyjobcuts.com
How that recovery working out. Just a sign of the times.
I guarantee central bankers and the like are very nervous right now. The vampires have just been shown the silver cross.
Calling Buffy the vampire slayer.......hot fiscal chicks with an attitude.
Drudge linked....
I always wanted to grab Jeff Christian by the hair to see if he wears a wig. Everything else is false.
I always wanted to grab him by the throat.
I tried grabbing the leprechaun by the balls once ... couldn't find any.
Same deal at the local coin shops... All junk inventory is gone...
Anyone know if the sales volumes of Canadian Silver Maples and Austrian Philharmoniker are published anywhere?
It would be very interesting to see the volume trends. I've tried to google, but no dice....
Over here (Netherlands) also, bags junk silver "not in stock". Since several weeks.
If you are willing to pay 28 euro's per silver round you can get plenty in Holland.
get maples or philharmonikers here for 27
http://www.anlagegold24.de/
Also FYI - Cash component of M1 is ~$1.0 trillion. So, if the trillion dollar coin idea had been instituted, it would have doubled the supply of currency overnight. I kept thinking, 'I wonder how the Chinese a feel about that?' Probably pretty similar to Zimbabwe creditors.
Here's the link:
http://www.apmex.com/Category/1255/Silver_Dollars_by_the_Bag_Morgan__Pea...
Daniel Carr take notice, there will probably be no ASE proofs again this year.
Wow! Just wow!. Checked APMEX prices on the few 100 coin bags of Morgans that they have in stock. These coins are AG to VF junk grade and they're getting anywhere from 30-50% over spot! and selling out! It appears there is just a slight disconnect between reality and official spot price.
Premiums jumped big today at the dealers. Most got one shipment from the mint earlier this week and are now out. Apmex is out, Libertycpm has boxes and so does Gainsville. Premiums up 3-7% today but don't worry about inflation. Price jump is at hand!!
Tulving out too. It's 3.99 over spot for a MB at Apmex and 3.89 at Provident. Add in postage and you are over $5 for smaller amounts. not much inventory at the local stores that I check.
lol ill trade mine for fiat paper,,,not! look at the out flow, all paid for with fiat, jokes on ben.
Bullion Proof Uncirculated 1986 5,393,005 1,446,778 1987 11,442,335 904,732 1988 5,004,646 557,370 1989 5,203,327 617,694 1990 5,840,110 695,510 1991 7,191,066 511,924 1992 5,540,068 498,543 1993 6,763,762 405,913* 1994 4,227,319 372,168 1995 4,672,051 407,822 1995-W 30,125* 1996 3,603,386 498,293 1997 4,295,004 440,315* 1998 4,847,549 450,728 1999 7,408,640 549,330 2000 9,239,132 600,743 2001 9,001,711 746,398 2002 10,539,026 647,342 2003 8,495,008 747,831 2004 8,882,754 801,602 2005 8,891,025 816,663 2006 10,676,522 1,092,477* 466,573* 2006-P Rev Pr 248,875* 2007 9,028,036 821,759 621,333* 2008 20,583,000 700,979 533,757* 2009 30,459,000 2010 34,764,500 2011 40,020,000
The Canadian Mint has silver coins still available.
http://www.mint.ca/store/coin/proof-fine-silver-dollar-100th-anniversary...
Same price as the US....
Apmex seems to be pretty much out of the Maples as well. http://www.apmex.com/Category/1511/Silver_Maple_Leaf_Sealed_Monster_Boxe...
Kitco has singles to monster boxes.
https://online.kitco.com/bullion/completelist_USD.html
Buy from Kitco, feed the Nadless.
No thanks.
Screw that want a decent conversation piece?
Buy silver bullets ....
http://silverbulletbullion.com/
Sweeeeeeeeeet! Gotta have to get one of those .22 puppies for sure
50BMG, perfect!
The problem with those "rounds" is the NorthWestTerritorialMint.
Do a BBB search. They are quick to take money, slow to hand over product.
Why can't SLV simply re-hypotheticate but need it in physical form ? Are SLV buyers demanding physical delivery ..... and if that is the case, physical delivery has to be made else the fraud becomes evident....
Am I connecting the dots right.... ?
ding-a-ling..... better read the fine print. If they don't have the silver they can give you cash or a check!!!
Oh I forgot, you have to fork over hundreds of fiat notes to buy the full prospectus. You didn't do that, did you?
I am not in SLV and hold physical. But trying to imagine why do they need to buy physical when they can just go without it like you mentioned... "give cash or check if it demands so".
Because everone hates paper and SLV wants to be seen as a genuine allocated/backed-by-physical option for investors. Also, the more phys they buy, the better that helps the phys price advance so win-win for them to get as much as possible IWT
Cheers,
Fred
Ammo and gun mags have gone total retard. Guns too. The prices are through the roof and the supply is zero.
Hope & Change
Forward
Molon Labia aka Come and get them pu**y
http://www.cafepress.com/mf/50547585/molon-labia-tee-shirt_tshirt
The correct transliteration is MOLON LABE
http://www.molonlabe.com/molonlabegreek.html
I dont know. I like Labia.
Labia works for me.
On a related topic, in their rush to crush the Constitution, the idiot liberals in New York look to make all of their cops criminals.
Maybe the two or three right minded people in the legislature there can use this SNAFU in their Nazi law to knot it all up.
http://abclocal.go.com/wabc/story?section=news%2Flocal%2Fnew_york&id=8958116
The Constitution is no longer important to the elites. I flipped by the NBC Nightly News with Brian Williams. He was discussing Michelle Obama's new hair style. Gawd have those people lost it.
lol. A comic mixture of stupidity, normalcy bias and misdirection. I simply would not believe it if it weren't for my own family, most of my co-workers, etc.
Now THAT is funny (the illegal cops bit)
ROTFL!!!
Apparently Gruppenfuhrer Cuomo doesn't bother to read the shit he signs into law either. So now, New Yorker's have not only made a large swath of its citizens criminals they also made the police who will come to arrest them criminals as well.
Fucking dumbass's on parade.
I wish they'd keep it as is...maybe more civilians would live.
Bitcoins, too. Up 15% in two weeks.
Between silver, firearms, bitcoins and the like... I'd say people are large are shorting centralized control in a big way.
Freedom is a tough animal to cage
soo...the good stuff..guns,lead, slv, is peaking demand or selling out...and what % of the population is buying and preppiing? 3%? 5%? look the fuck out if something happens and even a small % of sheep realize their folly and start buying
Outside of buying firearms, I'm quite sure the "active prepping" population (e.g. stocking food, etc) is under 5%, and probably under 1%, with some wild regional variations (e.g. a mormon-dominated rural area in a "red" state in the west probably is north of 50%, while NYC is probably closer to 0.1% or less.)
Yes, even a small stampede can cause wild shifts in price and availability. The whole Sandy Hook thing is quite the learning tool, since we saw virtually 100% of available inventory cleared out in under a week. I've seen similar things happen in the past (freeze-dried food prior to Y2K being one example.)
I really do think some of the things we're seeing with respect to silver, possibly bitcoin, and definitely ammo are the result of a small but meaningful additional part of the population actively preparing compared to a few years ago.
That is my read as well. If I had to guess, I think that the recent mass-purchases are by those who already share our general mindset, with a little bit of growth among the rest of our population.
EVERYONE I have talked to or emailed recently who is into this stuff has been buying on top of what they already have. I do not (personally) know ANYONE who has just started buying precious metals or guns who has not before...
"Yes, even a small stampede can cause wild shifts in price and availability." Great observation.
This will only be a prelude. Stage two will remain somewhat controlled with the price probably reaching 150 on silver......then we will get another monster shakeout before the dance with the devil......NO idea what the top will be on the final phase of the Silver move.....it depends on too many factors not in our control. but 4 digits is not hyperbole.......if any of us make it through to the other side then you should be in good shape with your silver........but its getting to the other side is the trick....gl ZH'rs
+1
ROFL @ $150 silver. The world will long be fucked and we will be living in financial mad max land before silver ever sees north of $100 in the next 20 years.
"It can't happen here!"
Yeah, junx, I can remember a veritable boatload of pro-establishment shills and apologists saying the same thing about $1500 gold just a few years ago too.
I remeber the same ones at 700.00 in 2008
150 is not the target that should concern you Mr. Jonx........that will be the easy marker to achieve and should be achievable before 2016......what you need to pay attention to is the NEXT move up, this will be the move the should bring in your "Mad Max" scenario which you seem to find amusing....that move will be fillled with multitudes of fear over the 150 move....you seem like a thoughtful chap so I hope you enjoy the fun....gl
I was at a coin show today on the East Coast and 100 oz englehart silver bars were $1
over spot. I didn't buy any because I only pay spot or below for 100 oz bars. K-rands
are 3% over. The show is Friday and Saturday too, 10:00 to 6:00. If anyone is interested
I will give you directions. It's 2hours south of NYC and 2 hours north of Washington DC
in Delaware. We are getting down to the nitty gritty now. Gold and Silver are going to
to go balistic very soon. I've been watching it for over 10 years and we are at a point
where the shorts are losing control. Hop on board now and enjoy the ride. This PM rocket
is about to blast off.
"All else will be left behind when the Gold Mothership takes off."
ZH-er "Gordon_Gekko"
Hey DoChen, did you see where Gordon_Gecko made an appearance here in the ZH threads today?
oops
When i drive for for 2 hours outta NYC or DC,
i end up right about HERE.
Careful people... smell a trap... You go to that thing & someone secretly slaps a homing device on you & follows you to your boat... :-)
As well as the Canadian .9999 maple leafs "beautiful"
Wait a minute, doesn't the US Mint run out of coins like 6 times a year? Seems to me that they run out of coins pretty often without much affect on prices.
There's an effect on the price of US Mint product when they keep running out. It seems to help keep the premium above spot nice and comfy.
But I'm sure they would never stoop to something like that.
I bet Trav bought up all those silver eagles --- because silver is, after all, you know, the white metal.
+1 I almost spit beer all over the keyboard...was a close one.
Indeed. Would have been a waste of beer.
Long Pt, the other white metal as well.
Trav eats 'KKK' omelets.......whites only.
I'm guessing that he doesn't drink much black coffee, either.
and no dark chocolate, only white.
and no black pepper either, only white.
I hardly even look at the paper gold price anymore...it's just noise...
I say BS. Everyone ZH reader knows this farce will continue forever. We can have wishful thinking but you should know better by now. You really believe the banks, power players, and kings of fiat are going to lose. If you think that, then you aren't the sharpest tool in the shed.
Keep posting all your "gold biatches", "Fuck Ben". silver, and what ever you think to show your lack of intelligence. All real comments besides the main posts are trolls, spam, lack intelligence, or repetitive at this point.There are a few good ones left. but not many.
These scumbags will continue to print, manipulate, lie, steal, rigg and kick your a$$. They will come out with some rule, law, or outright theft to steal your money, gold, silver, guns, bullets and whatever else they fell like. They own you...
Do yourself a favor and spend time with your family, hold tangible assests, and stop being so dam bitter. Everthing else is all BS anyway when your lifeline comes to an end.
Yes, economic manipulation has now endgame. No dictator has ever been thwarted by economic law :-P
Speak for yourself, weenie.
Disagree. It can't go on forever. The powers that be will forever continue to steal our wealth, usurp the constitutuion of the United States and give themselves COL raises, but even that will not go on forever.
There will soon come a time when one person here has a Tiananmen square moment, knowing they will likely die, and tells the fuckers to shove it.
Then all hell will break loose.
God, I hope you're right. Soon.
"Everyone ZH reader knows this farce will continue forever..."
~~~
Yeah... All those ZH readers who come to a site, almost every day, whose motto is... "On a long enough timeline the survival rate for everyone drops to zero"
Defeatist much?
It appears that brokenclock can't be right at any time of the day.
That's right. History is full of governments borrowing beyond reason, printing fiat to infinity and surviving forever.
Yeah, we have lots of those.
Once again the demand is picking up at a rapid pace. The central banks are losing their grip on supply. 2013 is going to be explosive for gold and silver to the up side.
http://silverliberationarmy.blogspot.ca/
Don the leather pants, pack some empty fuel cans, a dog whistle, and a sawed off shotty, and cover your Interceptor in cow hide.
Silver Eagles on backorder. Just like AR-15s and 30 round mags. What a coincidence.
The mint gets some of its blanks from Perth Mint, maybe they have run out.
Uh? I thought Eagles had to be made from silver mined in America exclusively.
Blanks come from Sunshine Mint in Idaho. Their very popular 10 ounce bars are backorder, along with everything else.
As I recall, they must buy from an acceptable domestic producer first, not exclusively. The mint is sticklers over what is acceptable so very few qualify.
"Uh? I thought Eagles had to be made from silver mined in America" exclusively.
You would be right..At least it used to be that way.
I think that's a common misconception. It's gold which must be domestic, not silver.
blacked my eye and he kicked my dog
Rich man step on my poor head
your rascist man? mine silber gooder than nbody. i dig!
anyhows why we all dont bundle up our silbers togedda and exchange dem for doze copper futurezz markit houdinididit JPM implants. nah, those long long terms futures look way way too short term. ok you dig!!
I bought them all. Unfortunately I've already lost them all in a dreadful ice fishing accident.
first of it : ICE DRINKING - don't try to kid me!
Second: we used to schell corn down the hole to attract fish, so
logically dropping silver eagles in the water with flash and random fall
could certainly happen with enough in the blood stream or "accidental"-of course..
factoid; one of the biggest blight in the spring is washed up needles from ice drinkers...
ie mile lacs of MN
Ammo is no where to be found. I wonder how many mags they can make a day at Magpul in Colorado.
Silver Eagles on backorder. Just like AR-15s and 30 round mags. What a coincidence.
You forgot the most equally important element............Ammo.
IF you can find it, 5.56,/.308 it will cost you over $600.00 a case or more.
Wanna to see a PARABOLIC in action Whoops dere it is!!!!!!!!!!!
Gramma's old tea set is starting to look better and better every day.
I believe sterling silver has 92% silver content. That makes your grandmother's teapot look pretty good!
Yea, 92.5% silver.
yes lets bump of the old bat sweety and use the proceedsto buy a big house, a dreamliner trip and put the kids through college.
also $37 fiat. listen you'll be recalling to everyone around the barbecue who wants to listen, in 5 years or so, looksie i've done ok but coulda had a few more stacks at 10% of todays price. keep stacking.
Went to buy some silver today at a local coin shop. He wanted $37 for junk silver!! "I says hey you know spot is $31 right?" He says "yeah but we don't sell off of spot anymore! WWWWWWHHHHHAAATTTT???!!!!
Deleted.
Looking forward to seeing the volume of sales on the 28th...
Ha Haaaa....
Fuck you Blythe and HSBC. Reap it you manipulating fucks!
Didn't SLV buy or want ot buy 572 tons of silver? It's starting and it's going to get bad.
yawn...no rush...silver's been a dead asset since end of '10...
Although...it does seem... a little disconcerting that supply/demand no
longer reflects normal...market...conditio... whatever...go FascBook!
.
Yep people are figuring out that you can put these coins in your IRA account
http://bestplace-tobuysilver.com/
buying silver will be even more popular when the average guy figures out he can move his IRA or part of it to allocated silver and gold coins held under lock and key at an approved IRA depository
it's such an awesome idea.
Hello, Barry here for Gold Seize(TM).
Did you know you can put all those PM coins in a nice, safe IRA ACCOUNT instead of keeping them at home?
Just dial 1800GLD-SEEZ and see what We Can Seize From You.
There is optimism that the demand for physical over paper is FINALLY here, but this shit happens every January.
Every January there is a 'sell-out', only for sufficient position to become available at the end of the month.
By February we could back to $30/SAE or to $50. Buy the dips my friends....always the dips.
I just read that the treasury has minted 2 coins 1trillion each..... anyone else heard the news?...I read it on Yahoo financial....
It entails having the Treasury avoid the federal debt limit by handing the Federal Reserve a single $1 trillion platinum coin. The Fed would then credit the Treasury’s bank account with $1 trillion, which the Fed could spend on the President’s lunch, a $200 toilet seat, a new aircraft carrier, more Medicare spending – anything it wants.
Pulling Money Out of Thin Air
I just read that the treasury has minted 2 coins 1trillion each..... anyone else heard the news?...I read it on Yahoo finacial....
It entails having the Treasury avoid the federal debt limit by handing the Federal Reserve a single $1 trillion platinum coin. The Fed would then credit the Treasury’s bank account with $1 trillion, which the Fed could spend on the President’s lunch, a $200 toilet seat, a new aircraft carrier, more Medicare spending – anything it wants.
Pulling Money Out of Thin Air
Importing planchettes from Canada and Mexico are we?
Hell... just buy Maples or Grizzlys or whatever and stamp over the fuckers...never seen such shit from a Mint.
Now Pandas and Kookaburras...there's some artwork...;o)
You got to be kidding! Lady Liberty on the Eagle doesn't give you a hard-on a cat couldn't scratch? Man, she's the hottest thing going on a .999, long and lean and struttin' her stuff.
You Sir, are forgetting our sexy reptile alien queen.
And the silver peso chick.
Unless you have a Panda Fetish, then well, it's pandas all the way down.
+ 1 she is topless and proud.
The Messiah had better not hear you refer to Her as the Reptile Queen or you'll be spotting the blood off her ceremonial gowns after the himagural party.
(Oh Knukies honey, quit stirring things up or they'll cut everybody's benefits again, silly. Just take your pills and relax. I'll put that film you like with Brittany shaving her head on again.)
double he heh
If Lady Liberty were holding an AR-15 my hard-on would be labeled an assault-weapon
Walking Liberty holding an AR-15 with a 30 round banana clip? Nice idea for a coin design. Other side an Eagle. Just leave out the word Dollar.
Once you have had Libertad nipple you never go back.
The shape America's in, Lady Liberty should be sitting down, eyes buried in arms, cigarette in one hand, other hand holding tin cup.
Goddam you all to hell!!
She has a fight on her hands against the very fine Swiss Miss Vreneli
I like the polar bears, but not the queen.
Wish they'd just stamp over her.
Love it
Maybe we can get Platinum or tungsten coins. I wonder if Rome was like this when it fell apart. Our dear Mullah Nero fiddles while Africa and Chicago burn.
My local PM shop requires a 5 oz. minimum for Platinum special order. Don't carry it otherwise. And that was back in Aug.
And the Church Lady says: "Well isn't that special."
Yea, but we still got FOOTBALL!!!!
GO 49ers!!!!!!
(sorry, off topic)
Isn't there a law that the US Mint MUST fabricate those coins "in sufficient quantity to meet customer demand?" In which case, who will be going to jail for this particular violation of law?
Dunno...I give up...is it me?...or is it you?
For sure it isn't anyone who works for the Gubbermint...
Indeed there is. Public Law 99-61.
http://www.roadtoroota.com/public/536.cfm
That law was changed a few years ago giving the Sec Treasury (Turbo Timmy) the power to suspend selling silver at will (although it might be the head of the mint?).
Silly rabbit, jail is for muppets.
Just maybe some fiat fines which are a minor cost of doing business.
..."who will be going to jail for this particular violation of law?
The costumers who demand silver will be going to jail, it is their fault the supply is non-existent. Regards, Dept. of Justice