US Mint 2019 Silver Eagles Currently Sold Out
The comments below are an edited and abridged synopsis of an article by Rory Hall
The United States Mint announced on February 21 that, due to market conditions, they were unable to meet demand from Authorized Purchasers. This will create a spike in premiums on American Silver Eagles (ASE) for a time. This shortage should end within the next two to three weeks or as soon as the Mint replenishes the planchets used to create the ASEs.
“Market fluctuations have resulted in a temporary sellout of 2018 and 2019 silver bullion. Production at the Mint’s West Point facility continues and when sales resume, silver bullion will be offered under allocation,” United States Mint spokesman Michael White said in an email statement. “The Mint is working closely with its suppliers in order to meet the demand of its authorized purchasers.”
The US Mint has sold 2,057,500 coins so far in February, on top of selling 4,017,500 coins in January, and these numbers were higher than in 2018. With the Mint creating projections using previous years’ numbers, they were caught off guard with the upswing in sales.
