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

Comments

[billsbest]

The US Fed Has Stolen the German Bundesbank's Central Bank Gold Reserves

http://chasvoice.blogspot.com/2012/06/us-fed-still-has-not-revealed-what...

[sessinpo]

Pure BS. This thread needs to be trashed. Sorry TD, I will call you on this one as I have called you on other threads. Truth is truth. Here is my evidence to refute this thread.

1) http://www.usmint.gov/pressroom/

"WASHINGTON - The United States Mint will begin accepting orders for the 2013 American Eagle Silver Proof Coin at noon Eastern Time on January 24, 2013.  The coin will be priced at $62.95.  There is no household order limit for this product.  Customer demand will determine the number of coins minted."

So apparently one week of no 2013 coins means there is no silver? However, if you visit the US mint website, you can still buy 2012 silver coins (already minted) with no problems.

Are  you saying the silver in those 2012 coins is less valuable then silver in 2013 coins?

Clearify for me. I go after liberals. I go after nonsense posts (even by the host). I seek logic and truth.

[DosZap]

Pure BS. This thread needs to be trashed. Sorry TD, I will call you on this one as I have called you on other threads. Truth is truth. Here is my evidence to refute this thread.

Tyler is correct NOW, the Mint is going to start re-supply on Jan28th, or so they say.

Regular 2013 Eagles (if your dumb enough to buy at the US Mint) are basically unavailable(w/out a high prem).

Like you, screw that, go 2012's!!.

[DosZap]

stupe

[silverdragon]

Is that Silver at 32? Fly little bird fly!

[WT Sherman]

Late last year a ZH member recommended buying junk silver of small denominations.  The idea is that when the SHTF its going to be impractical to use Morgan Silver Dollars and recently minted Silver Eagles to pay/trade for stuff you need.  Pre-1964 nickels, dimes and quarters will be very useful and a whole lot cheaper than 2012/13 Silver Eagles at $62 a coin.

Still, the Silver Eagles and Morgans are a good short term hedge, which is why a week or so ago ZH posted an article about Illinois considering a law for all transactions/trades involving Silver to be registered with the gov't.  Wouldn't be surprised if we see the feds propose this soon.....lots of Silver flying around under the radar right now.

[digalert]

Ooh, ZH has a Drudge link here.

Lookin good ZH!