Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

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
The Fed Has Bankrupted the US In Order to Create Another Bubble
29 AprSilverthumb
I believe this bubble will pop, the big question is when. I underestimated the power of the Fed and monetary policy. I believe that during the We...
The parable of the cards
28 Aprdom1971
Please let me take this a step further if I may... because I see an opportunity to highlight a particular concern of mine. Let us ignore f...
Debate Over Electric Trucks: Let’s Get It On
25 AprJerry82
Thanks Mish, this was a very insightful and thought provoking piece. I've often heard concerns about the weight of these new electric trucks and th...
No, The Junior Mining Stocks Are Not About To Implode - Dave Kranzler
25 AprJerry821
Thank you Dave for this excellent article. I agree with your well thought out critiques that point to junior miners being just fine. Relying on tha...
Gold Bullion Erases $10 Bounce Despite French Election, N.Korea Ris...
25 AprJerry82
I don't know how much I'd trust the listed GLD holdings. I always found GLD's structure to be a bit strange. They so famously claim that they are 1...
The Story of Gold Money, Past, Present and Future, by Edwin Walter ...
18 AprJerry82
Thank you for this very thought provoking piece Nathan. I have not read any literature from Edwin Walter Kemmerer before but I am inclined to pick ...
Gold Prices Slip $10 After Breaking Downtrend as UK's May Seeks Bre...
18 AprSam Maher3
"That left the GLD gold ETF needing a 2017 high of 849 tonnes in bullion backing." I frequently see you make these claims on GLD's holding...
Bombs Away!
17 Aprprljr-1
James tribe owns trump.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS