March 28, 2024

2010 Silver Eagles Arrive Late

Usually, the United States Mint will begin production of the American Silver Eagle bullion coins bearing the following year’s date in late November or early December. This allows the US Mint to begin accepting orders in December for delivery of the coins in early January. This system has allowed bullion and coin dealers to get a jump on the demand for newly dated coins.

This year, the 2010 dated American Silver Eagles will be arriving a bit later. The US Mint recently announced that they would begin taking orders from authorized purchasers on January 19, 2010.

This is the latest in a number of changes to normal procedures for United States Mint precious metals coin offerings that began in 2008. Back then the first of many sales suspensions was put into place first for Silver Eagles and later for Gold Eagles and Gold Buffalo coins. The suspensions were generally followed by availability of coins under a rationing program.

Eventually, the collector versions of the Gold and Silver Eagles were impacted when the US Mint began sourcing precious metals blanks exclusively to the production of bullion coins. The 2008 Proof Silver Eagle sold out very early in the year, never to return. The 2009 collectible Gold and Silver Eagle offerings were canceled.

The delay of 2010 Silver Eagle coins seems to indicate that the US Mint may be falling even further behind the curve on fulfilling public demand. As it stands, the silver bullion coins are fresh off of a recent suspension and reimplemented rationing program.


Comments

  1. This makes no sense to me. I just don’t get how they could have this problem. Either they are terribly incompetent, short metal, or attempting to manipulate markets. Perhaps all three.

  2. carol anderson-dixon says

    Something is going on at the Mint. I wonder if it has any relation to a flood of companies popping up to buy your old gold. I believe this is being manipulated to increase the cost of coin collecting. Which is a market that even the least fortunate of our population can participate.

  3. The sky is falling and it is raining silver blanks. Buy your shiny now! Check out Bob Chapman’s “International Forecaster.” It is later than you think.

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