2013 Eagle Bullion Coins Back On Sale - Suspension Due to Blank Planchet Shortage!

IMG Auteur
Published : February 11th, 2013
316 words - Reading time : 0 - 1 minutes
( 2 votes, 4/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

Keep on stackin' that physical silver my friends - it's workin'!


Silver American Eagle 2013 bullion coins are back on the market.

After the U.S. Mint’s supply was depleted Jan. 17, sales were suspended until Jan. 28, when authorized purchasers were once again able to order coins according to their allocations.


In the first three days of resumed sales, almost 1.5 million coins were ordered.

The shortage of 2013 coins resulted from higher than anticipated demand, said Tom Jurkowsky, Mint director of public affairs. The Mint expected a 21 percent jump in sales in early January, but buyers took 34 percent more of the 2013 coins.

It may have been caused, in part, by the extension of sales of 2012 coins longer into December, he said, thereby using more silver blanks for 2012 coins.

“If demand for 2012 coins had been lower, we could have diverted more blanks to producing 2013 coins, which would have helped us keep up with the 2013 demand,” he said.

It is an issue of obtaining enough silver blanks, not of production capacity, Jurkowsky said. Currently, the Mint is striking silver Eagle bullion coins at a rate of 800,000 to 1 million coins a week, he said, which is as fast as it can find supplies of silver blanks.

“The Mint has strict requirements. We can’t just call in anyone to provide banks.,Jurkowsky said. “Raw material supply is the issue.”

From Jan, 28-30, authorized purchasers took 1,491,000 silver Eagles.

“How long we stay in allocations depends on market demand,” Jurkowsky said. “We like to have a buffer stock of silver blanks that are well above what our weekly demand is before we lift the allocation.”

As long as authorized purchasers take their full weekly allocations, the allocation system will stay in effect, he said.


Source


2013 Eagle Bullion Coins Back On Sale


By Debbie Bradley, Numismatic News
February 06, 2013


<< Previous article
Rate : Average note :4 (2 votes)
>> Next article
All the stuff you don't want to know about, but should. And, when you do know, you realize that for the present you are powerless to change it This article is brought to you by the Charleston Voice E-mail List. To subscribe FREE to the distribution list, send an e-mail to the author with 'SUBSCRIBE' in the subject line.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
State of Failure
11 AprThe Recusant1
My, my...James's article almost sounds as if Trump himself might have gassed the people as a deflection and not Syria at all! Why...why...that's co...
State of Failure
09 AprGypsy
The STOCK MARKET trend has been DOWN. In fact, the word after Friday's Crash was "Standby for Monday." In a Moment of Severe Stress, the so-calle...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
05 Aprsirqitous
Seen realistically, however, this was money well spent for TPTB, even if they never get that loan repaid! As free advertising for the MSM cover st...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
03 Aprprljr
The really really really really unfortunate thing is that there are people and i use that word "people" lightly, are for no other explanation that ...
Flat-Earther FINALLY Launches Himself Into The Air, Crashes, Goes T...
28 Marprblmsolved
The really unfortunate thing about this story; For that kind of money he probably could have hired someone with access to a modern performance ...
East Continues Stacking Gold While The West Stacks Paper Illusions
24 Marprljr
If a countries cartel owned private Central Bank acquires the Gold with cartels bank money for the country it supposedly represents who actually ow...
Russia Did It!
23 Marprljr3
I have not trusted whatever the US government has reported,said,demanded since 911. The government ignored the laws of physics in explaining pretty...
Russia Did It!
23 Markevthorne4
One of the most sensible, level-headed articles I've read on this subject for a long time.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS