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History of the Silver Eagle Dollar
Rare 2008 American Eagle silver dollars discovered
Articles about Silver Eagles and Coins:
Types of Silver Eagles minted in 2008 : Other sites:
Where to buy 2008 American Silver Eagles
American Silver Eagle $ Mintages Mint Marks on Silver Eagle dollars
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Proof American Silver Eagle coin production Stopped!
August 2008
Why stop minting proof 2008 silver eagles?
An unidentified US mint spokesman said
that the mint is experiencing extreme problems in obtaining silver coin
blanks. (Silver coin blanks
are the punched out 1 ounce round pieces of silver that the mint uses to
make 1 oz silver coins.)
According to this spokesperson the
mint contracts with various refineries and suppliers to provide coin
blanks that meet government required purity and weight.
The recent volatile precious metal prices have caused disruptions
in the supply chain and backed up refinery capacity.
Coin delays abound
For several months large coin dealers
have postponed delivery of 2008 silver eagle dollars to their customers
because the mint is behind on delivering them to the coin dealers.
Some dealers have reported delays of over a month or two.
Many collectors and investors have reported discouragement and
concern in promptly receiving their orders from coin dealers.
Additionally, the buy and sell prices for 2008 US silver coins
have jumped considerably due to the low supply in the market place.
Some coin dealers are buying 2008
American Eagles at more than their original costs from other dealers,
just to be able to supply their customers with inventory.
Proof American Silver Eagles vs. bullion coins
The US mint spokesperson said that
they have decided to stop production and sales of the Proof version of
the 2008 American Eagle silver coins in order to devote their limited
silver coin blank inventory to fulfilling the orders for the bullion
(Uncirculated) versions of the 2008 silver eagle dollars.
Proof 2008 US silver eagle coins are no longer for sale at the
mint.
The spokesperson also implied that
if the mint is not able to quickly purchase more silver eagle coin
blanks, then sales of the 2008 bullion American silver coins may also
have to cease.
Gold Eagle coins also affected
Sales of the 2008 American Eagle 1
ounce Gold Bullion coins have also been stopped, due to the same
reasons. Inventory of 1 oz
Gold coin blanks are in short supply at the mint.
No word from the mint on whether they will resume 2008 coin
production this late in the year or not.
Perhaps 2008 will be a good year for
investing in American gold and silver eagle dollars.
If nothing else, it proves to be an interesting year.
Disclaimer Articles on this page and website are the opinions of the respective writers, and do not necessarily reflect opinions or advice of 2008SilverEagle.com
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