Thursday, January 17, 2013

U.S. Mint Runs Out of 2013 Silver Coins, Suspends Sales

U.S. Mint has suspended sales of its 2013 American Eagle silver bullion coins after running out of stock due to soaring investor demand for the newly minted coins in the first two weeks of the year, reports Reuters.

Sales to authorized dealers will resume on or about the week of Jan. 28 after the U.S. Mint has replenished its inventory, it said in an email to authorized dealers on Thursday.

Reuters continues:

While it is typical for collectors to snap up newly stamped coins, interest this year has ballooned due to investors seeking refuge from U.S. economic uncertainty.
Silver Eagle sales to Jan. 15 exceeded 5 million ounces and were on track to surpass the all-time monthly high of 6.1 million ounces, set in January 2012.
I wonder here the money is coming from to buy up all these coins.


  1. People waking up to the ponzi perhaps?

  2. So ask yourself this simple question: If the US Mint has announced they are out of silver coins why have we not seen a big move upward this morning in the price of silver?

    Go ahead, call me a conspiracy theorist....I deserve it.

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