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US Mint sold out of 2013 silver eagles - 6,000,000+ sold!
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<p>[QUOTE="InfleXion, post: 1618413, member: 29012"]I'm not really paying mind to the US Mint in particular. I don't buy from them, and I prefer 9999 Canadian silver anyway. I'm just looking at it from a demand standpoint which is independent of how many the US Mint decides to make. Less than 2 weeks into 2013 they sold as many as they did in all of January 2012. If people aren't willing to pay the premiums then these are going to sit in dealer inventory. Nobody who is an avid silver collector is going to overpay for an SAE which is a government minted round. Personally I have never bought from the US Mint and I've never paid more than $4 over spot for one. These premiums are outrageous and I doubt they will sell unless Joe Sixpack makes an appearance.</p><p><br /></p><p>Something else to consider. Maybe they can't make enough because they don't have enough silver. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> We haven't identified the reasons why, only speculated, but it is a fact that yearly SAE demand exceeds silver pulled out of the ground in the US. SAE demand alone requires buying foreign silver.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1618413, member: 29012"]I'm not really paying mind to the US Mint in particular. I don't buy from them, and I prefer 9999 Canadian silver anyway. I'm just looking at it from a demand standpoint which is independent of how many the US Mint decides to make. Less than 2 weeks into 2013 they sold as many as they did in all of January 2012. If people aren't willing to pay the premiums then these are going to sit in dealer inventory. Nobody who is an avid silver collector is going to overpay for an SAE which is a government minted round. Personally I have never bought from the US Mint and I've never paid more than $4 over spot for one. These premiums are outrageous and I doubt they will sell unless Joe Sixpack makes an appearance. Something else to consider. Maybe they can't make enough because they don't have enough silver. ;) We haven't identified the reasons why, only speculated, but it is a fact that yearly SAE demand exceeds silver pulled out of the ground in the US. SAE demand alone requires buying foreign silver.[/QUOTE]
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US Mint sold out of 2013 silver eagles - 6,000,000+ sold!
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