The SAE Mystery Continues posted by moondoggy

[CSJournals-migration]

Will they or won't they ?

 

Placed a call to the Mint tonight to straighten out a shipping problem and during my conversation, I asked about the ship date of Silver American Eagles (Proof) The customer service rep whom I was talking to laughed (she then said, "excuse me I forgot to push the mute button") and told me she too is a collector of these fantastic coins. I then asked if there was STILL a shortage of Silver for the program and she said YES !!! My next question was when will the "Official" word come out about it. She advised me to call back this Wednesday or Thursday evening and they would at that time probably have the official word. So, to me it looks like everyone can forget about SAE Proofs again this year. I will post any updates I hear of.

 

Just a thought......Will suspending the production of these again increase the "value and market presence" more so than normally experienced ? Just a thought......

 

See more journals by moondoggy

[DC Dawg]

When the U.S. Mint Director Ed Moy testified before congress in July, he said that the Mint would try, but it is their interpretation of their statutory requirements that they produce enough bullion coins to meet market demands first. Moy suggested that congress pass a law to require the striking of the proof Eagles to ensure there is a population. The committee was non-committal on that request.

 

Scott

 

[jtryka]

If this is true, I would expect nothing less from a branch of our government than to forgo the striking of coins that have been produced and collected by numismatists for 25 years and instead use whatever silver we can find to make some nice solid silver national parks coasters that no one ask for, no one wants and will no doubt eventually be sold by the mint for scrap...