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
Documents Prove Massive Rigging ...
09 DecThe Recusant
Yes, yes. the PMs are manipulated. Perhaps some bank will have its wrist slapped. Then everything will return to normal. More price fixing and bank...
Silver Demand Ready To Explode
09 DecThe Recusant
Sorry Andy, but I don't believe in Santa anymore either. Believing silver "must" explode is no different than the market "must" implode. I've been ...
Guest Post: How to Trigger a Sil...
09 DecThe Recusant
Well, there you have it. Blatant manipulation and cover up by the CFTC and DOJ. So, what else is new? Let's see what Trump will do to stop this! [s...
Indian demonetization effect: 15...
09 DecJ T.
From reading the comments at the end of the article mentioned above in economictimes.indiatimes, the people who read it, if they actually did, are ...
India Confiscates Gold, Even Jew...
09 DecJ T.
Hopefully the naive, or ignorant, or worse, willfully ignorant, who have swallowed (once again) the MOP's lie (that's the Ministry of Propaganda......
The Rediscovery of Men
07 Decaccording-1
and now bernie has a brand new house. i smelled that the fix was in when he said he was running against filthy hillery. then at the perfect moment...
The Rediscovery of Men
07 Decaccording
i suspect that georgie S and his goons will crash the coin and try to starve our guts and spirits with fears we havnt felt perhaps ever. it will be...
The Deepening Deep State
07 Decaccording
james this is a nice piece of writing. good to see you moving to the Right. its probably safer there for awhile at least.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS