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U.S. mint having trouble sourcing silver blanks

SilverBuyer

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#1
http://www.coinnews.net/2015/09/21/us-mint-silver-eagle-allocation-drops-to-750k/

For a second week in a row, the United States Mint reduced its weekly allocation of American Eagle silver bullion coins. The agency has limited sales of the one-ounce, 99.9% pure silver coins since their return after temporarily selling out in July.

This week’s allocation fell to 750,000 coins, marking a 7.4% reduction. Last week’s allocation dropped 19.1% to 809,500 coins from the prior week’s supply of 1 million coins. The opening week of September also saw a rationing level of 1 million coins.
 

SilverBuyer

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#2
Monster box pricing on silver eagles:

Provident Metals $5.19 over spot
JmBullion $4.69 over spot
Apmex $4.99 over spot
 

HistoryStudent

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#3
00Silver and now platinum per Coin World News.

US Mint does not have enough (probably any) of the planchets to make the PT proof approved 2015s.

Why can't they find their inventory?

Go to Fort Knox, right?

Next it will be gold...

***********************

Old Rhyme...

The lyrics originally published in 1805 have remained largely unchanged.
1819 United Kingdom depiction

Illustration from Felix Summerly Traditional Nursery Songs of England with Pictures (1843)
An undated depiction of the rhyme from the late nineteenth century
1889 United States depiction
An 1897 Judge cartoon shows President William McKinley as Old Mother Hubbard, and her dog as Uncle Sam's...




Old Mother Hubbard
Went to the cupboard,
To give the poor dog a bone;
When she came there,
The cupboard was bare,
And so the poor dog had none.

She went to the baker's
To buy him some bread;
When she came back
The dog was dead!

She went to the undertaker's
To buy him a coffin;
When she came back
The dog was laughing.

She took a clean dish
to get him some tripe;
When she came back
He was smoking his pipe.

She went to the alehouse
To get him some beer;
When she came back
The dog sat in a chair.

She went to the tavern
For white wine and red;
When she came back
The dog stood on his head.

She went to the fruiterer's
To buy him some fruit;
When she came back
He was playing the flute.

She went to the tailor's
To buy him a coat;
When she came back
He was riding a goat.

She went to the hatter's
To buy him a hat;
When she came back
He was feeding her cat.

She went to the barber's
To buy him a wig
When she came back
He was dancing a jig.

She went to the cobbler's
To buy him some shoes;
When she came back
He was reading the news.

She went to the sempstress
To buy him some linen;
When she came back
The dog was spinning.

She went to the hosier's
To buy him some hose;
When she came back
He was dressed in his clothes.

The Dame made a curtsy,
The dog made a bow;
The Dame said, Your servant;
The dog said, Bow-wow.

This wonderful dog
Was Dame Hubbard's delight,
He could read, he could dance,
He could sing, he could write;
She gave him rich dainties
Whenever he fed,
And erected this monument
When he was dead.[1]


Old Uncle Sam went to his Fort Knox
to feed his mint a bone...

Humpty Dumpy sat on a wall,
Humpty Dumpty had a great fall...
 

HistoryStudent

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#6
https://www.coinworld.com/news/prec...het-supplies-could-delay-2015-production.html

I agree :party30:

Best to wait until the prices go way up to know for sure they were not "crying WOLF in the cupboard."

However, that said, it sure is funny that the COMEX and the MINTS around the world are SUPPLY worried, right?

Well that's not all true. The COMEX said that the price would settle the shortages per Sinclair site.


It must be those trillions upon trillions of $ derivatives in US dollars that are bidding the paper prices down.

Best to wait, but never be a minute too late. Look at those 500 point down DOW dog days. xxx1
 

Foxwoods Man

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#7
This silver blank supply shortage comes up frequently. It is not a shortage of the metal but a shortage of the blanks used to make the bullion coins....
 

earplugs

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#8
This silver blank supply shortage comes up frequently. It is not a shortage of the metal but a shortage of the blanks used to make the bullion coins....
so why not make more blanks? i heard they had to go so far as australia and perth mint to get some blanks. the us mint not paying enough or sumpin?
 

Cigarlover

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#9
so why not make more blanks? i heard they had to go so far as australia and perth mint to get some blanks. the us mint not paying enough or sumpin?
Sunshine is one of the suppliers and they are at capacity running 24/7. I imagine all suppliers are dealing with similar issues. Once your maxed out you can only add capacity and that isnt cheap or quick. New machines are minimum 6 months out.
 

Mr Paradise

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#10
I'm surprised Peter Schiff & that Maloney fellow haven't made a YouTube video yet.

"No more silver blanks"

"Mint will only be able to churn out 200 million eagles instead of 300"

"Ben Afflack & Bruce Willis contracted by Mint to land on asteroid and mine for new silver"
 

90%RealMoney

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#12
Monster box pricing on silver eagles:

Provident Metals $5.19 over spot
JmBullion $4.69 over spot
Apmex $4.99 over spot
I remember saying back in the early days of GIM1, that the price we were paying for Silver Eagles then($5 or $6 each) would someday be just the PREMIUMS on the same coins. Well, here we are unfortunately. Or fortunately, if you have as much silver as you need. But, how could THAT ever be?