• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

US Mint Out Of Silver Coins - Suspends Sales

Tyler Durden's picture


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.




Jack A. Szczerban

Branch Chief, Precious Metals Group

Department of the Treasury

United States Mint

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Thu, 01/17/2013 - 19:43 | 3164411 lakecity55
lakecity55's picture

Divergence from paper begins....

Thu, 01/17/2013 - 19:46 | 3164431 boogerbently
boogerbently's picture

Gold coins next.

THEN the "bidding" war begins.

Thu, 01/17/2013 - 19:52 | 3164459 Snakeeyes
Snakeeyes's picture

Yes indeedy. Panic is beginning to set in.  And those silver eagles are beautful!!!


Thu, 01/17/2013 - 19:53 | 3164472 Pinto Currency
Pinto Currency's picture


Empty shelves are exactly what you get with price controls.

Silver is no different.

Thu, 01/17/2013 - 19:58 | 3164485 Almost Solvent
Almost Solvent's picture

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



Everything is under control!





Thu, 01/17/2013 - 20:06 | 3164516 nope-1004
nope-1004's picture

If I stop selling guns, will demand subside?  Hmmm.....


Thu, 01/17/2013 - 20:10 | 3164531 NotApplicable
NotApplicable's picture

Hide Yo Silver... AWAY!

Thu, 01/17/2013 - 20:27 | 3164586 fourchan
fourchan's picture

ounces just like the law of the land defines.

Thu, 01/17/2013 - 21:00 | 3164702 berlinjames02
berlinjames02's picture

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.

Thu, 01/17/2013 - 21:54 | 3164868 AllThatGlitters
AllThatGlitters's picture

Funny thing, premiums on Eagles are rising dramatically TONIGHT, but Spot Silver is still holding back:


An advertiser on that site says they have the best prices, but I only see 900+ Eagles in inventory there!



Thu, 01/17/2013 - 22:11 | 3164913 SafelyGraze
SafelyGraze's picture

ruul 1 of economy 101:

the lower the price, the lower the supply


Thu, 01/17/2013 - 22:47 | 3165027 SilverIsKing
SilverIsKing's picture

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?

Thu, 01/17/2013 - 23:36 | 3165135 Shocker
Shocker's picture


How that recovery working out. Just a sign of the times.

Fri, 01/18/2013 - 00:47 | 3165269 mick68
mick68's picture

I guarantee central bankers and the like are very nervous right now. The vampires have just been shown the silver cross.

Fri, 01/18/2013 - 08:03 | 3165602 GetZeeGold
GetZeeGold's picture




Calling Buffy the vampire slayer.......hot fiscal chicks with an attitude.

Fri, 01/18/2013 - 10:49 | 3166016 bigkahuna
bigkahuna's picture

Drudge linked....

Fri, 01/18/2013 - 00:35 | 3165249 Raymond Reason
Raymond Reason's picture

I always wanted to grab Jeff Christian by the hair to see if he wears a wig.  Everything else is false. 

Fri, 01/18/2013 - 07:40 | 3165586 Al Gorerhythm
Al Gorerhythm's picture

I always wanted to grab him by the throat.

Fri, 01/18/2013 - 15:02 | 3167025 akak
akak's picture

I tried grabbing the leprechaun by the balls once ... couldn't find any.

Thu, 01/17/2013 - 21:20 | 3164755 francis_sawyer
francis_sawyer's picture

Same deal at the local coin shops... All junk inventory is gone...

Fri, 01/18/2013 - 04:49 | 3165496 EasterBunny
EasterBunny's picture

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....

Fri, 01/18/2013 - 04:56 | 3165501 debtor of last ...
debtor of last resort's picture

Over here (Netherlands) also, bags junk silver "not in stock". Since several weeks.

Fri, 01/18/2013 - 05:18 | 3165513 Zwelgje
Zwelgje's picture

If you are willing to pay 28 euro's per silver round you can get plenty in Holland.

Fri, 01/18/2013 - 06:37 | 3165543 EasterBunny
EasterBunny's picture

get maples or philharmonikers here for 27



Thu, 01/17/2013 - 21:26 | 3164775 berlinjames02
berlinjames02's picture

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. 

Thu, 01/17/2013 - 21:48 | 3164853 bigkahuna
bigkahuna's picture

Daniel Carr take notice, there will probably be no ASE proofs again this year.

Fri, 01/18/2013 - 01:08 | 3165305 peter4805
peter4805's picture

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.

Thu, 01/17/2013 - 21:11 | 3164737 San Diego Gold Bug
San Diego Gold Bug's picture

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!!

Thu, 01/17/2013 - 22:02 | 3164897 Beam Me Up Scotty
Beam Me Up Scotty's picture

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.

Thu, 01/17/2013 - 20:41 | 3164587 fourchan
fourchan's picture

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

Thu, 01/17/2013 - 21:55 | 3164872 El Tuco
El Tuco's picture

The Canadian Mint has silver coins still available.



Same price as the US....

Fri, 01/18/2013 - 00:56 | 3165288 highandwired
highandwired's picture

Apmex seems to be pretty much out of the Maples as well.  http://www.apmex.com/Category/1511/Silver_Maple_Leaf_Sealed_Monster_Boxe...

Fri, 01/18/2013 - 03:41 | 3165460 boogerbently
boogerbently's picture

Kitco has singles to monster boxes.


Fri, 01/18/2013 - 03:45 | 3165462 akak
akak's picture

Buy from Kitco, feed the Nadless.

No thanks.

Fri, 01/18/2013 - 05:06 | 3165506 SilverRhino
SilverRhino's picture

Screw that want a decent conversation piece?   

Buy silver bullets .... 


Fri, 01/18/2013 - 05:24 | 3165517 fredquimby
fredquimby's picture

Sweeeeeeeeeet! Gotta have to get one of those .22 puppies for sure

Fri, 01/18/2013 - 08:43 | 3165651 kralizec
kralizec's picture

50BMG, perfect!

Fri, 01/18/2013 - 08:50 | 3165663 Moe Howard
Moe Howard's picture

The problem with those "rounds" is the NorthWestTerritorialMint. 


Do a BBB search. They are quick to take money, slow to hand over product.

Fri, 01/18/2013 - 00:37 | 3165251 gold_bug
gold_bug's picture

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.... ?

Fri, 01/18/2013 - 00:46 | 3165267 lincolnsteffens
lincolnsteffens's picture

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?

Fri, 01/18/2013 - 01:32 | 3165341 gold_bug
gold_bug's picture

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".

Fri, 01/18/2013 - 05:28 | 3165519 fredquimby
fredquimby's picture

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



Thu, 01/17/2013 - 20:22 | 3164574 Freddie
Freddie's picture

Ammo and gun mags have gone total retard.  Guns too.  The prices are through the roof and the supply is zero.

Hope & Change


Molon Labia aka Come and get them pu**y



Thu, 01/17/2013 - 20:41 | 3164643 Tango in the Blight
Tango in the Blight's picture

The correct transliteration is MOLON LABE


Thu, 01/17/2013 - 20:57 | 3164694 Zap Powerz
Zap Powerz's picture

I dont know. I like Labia.

Thu, 01/17/2013 - 21:03 | 3164709 Manthong
Manthong's picture

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.


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