Coin World/Paul Gilkes/7-31-2020
A dramatic rise in American Eagle silver bullion coin demand is pushing the U.S. Mint to look at producing additional coins at facilities beyond the West Point Mint. … Ryan Valadez, head of sales and trading worldwide for Dillon Gage, said the U.S. Mint is hoping to at least double its output, roughly 400,000 American Eagle silver bullion coins every two weeks, to 400,000 every week. Tom Power, president of the U.S. Mint’s primary vendor for American Eagle silver planchets, Sunshine Minting Inc. in Coeur D’Alene, Idaho, said the firm has no problem supplying the Mint with sufficient silver planchets.”
USAGOLD note: Planchet production – the silver blanks the Mint strikes as bullion coins – has been the problem in past shortages, so this is good news. Also, good to see that the Mint is swinging into action as demand surges among private investors. At USAGOLD, we are experiencing very strong demand for bullion coins, but still not the levels we experienced in 2009 – at least not yet.
