US Mint Suspends Production of ASE's

Discussion in 'Bullion Investing' started by Cascade, Aug 24, 2016.

  1. Cascade

    Cascade CAC Grader, Founding Member

    Apparently the mint is halting production of 2016 Silver eagles...

     
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  3. galapac

    galapac Seeking Knowledge

    JJK78 likes this.
  4. Blissskr

    Blissskr Well-Known Member

    Don't they periodically start and stop production anyway based on inventory levels?
     
  5. Cascade

    Cascade CAC Grader, Founding Member

    I just picked it up from another forum for here. I was thinking it may be a rumor how their source is just one AP and the story was coming from coindoctors
     
  6. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I wouldn't be surprised if the Mint intentionally leaked false information to spur sales.

    Chris
     
    Evan8 likes this.
  7. Comixbooks

    Comixbooks Active Member

    The stuff was selling crazy like last year no surprise I see silver has dropped alot in the past two days back down no 18.65 or so.
     
  8. Smojo

    Smojo dreamliner

    And they were hoping the special edition anniversary edge stamp would increase the popularity & more sales. Which are due out Oct or Sept don't remember.
     
  9. Bman33

    Bman33 Well-Known Member

    Don't they mint about 50,000,00 a year now?
     
  10. Speedbump

    Speedbump Not a New Member

    If the Mint has amassed a standing inventory of about 10 million silver eagles, I would say it is possible they have stopped for the year, expecting that what they have on hand will be enough supply to last through December. However, unless they have improved output from the past couple years, I do not believe they could be that far ahead at this point. But who knows.

    I'm not sure why it matters either way.
     
  11. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    SELL!!! SELL!!! GET BACK IN THERE AND SELL!!!

     
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  12. SilverTracker

    SilverTracker Well-Known Member

    Again. This is typical
     
  13. baseball21

    baseball21 Well-Known Member

    From reports they had several months where they didn't even sniff selling what they were making. If they did suspend production I am actually more surprised it too them so long to do so if the reports were accurate
     
  14. COCollector

    COCollector Well-Known Member

    Maybe they're temporarily shifting to Proof & Uncirculated ASE production? Just thinking out loud, I really haven't heard anything definite.
     
    Garlicus likes this.
  15. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    I've heard of "shortages" due to sheer buying capacity but never heard of them halting production.
     
  16. Cascade

    Cascade CAC Grader, Founding Member

    Guys, its a hoax. They never stopped production.
     
    xCoin-Hoarder'92x likes this.
  17. green18

    green18 Unknown member Sweet on Commemorative Coins

    And yes Virginia, there is a Santa Clause.............
     
    charlietig likes this.
  18. Cascade

    Cascade CAC Grader, Founding Member

    Well I just rang a bell and killed an angel
     
  19. dwhiz

    dwhiz Collector Supporter

    September 16th for the Proof
     
    Smojo likes this.
  20. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Scammers scam precious metals coin buyers because they're sufficiently gullible to fall for nearly anything.
     
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