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Where has all the silver gone?

7 posts in this topic

Apparently not to the US Mint!

 

American Eagle Silver Proof Coins

Production of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Currently, all available silver bullion blanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”

 

The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

 

 

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There is no law that says the Mint has to strike proof coins. They can suspend the production of proof coins for any reason. However, they are striking uncirculated coins for distribution as bullion. Many dealers can sell you a 2009 uncirculated American Silver Eagle.

 

Based on some information I was able to obtain (unconfirmed), proof Silver Eagles may be available by August or September.

 

Scott :hi:

 

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