American Eagle Silver Dollar collectors are angry. And with good reason. In March, a sudden U.S. mint stopped taking orders for silver bullion coins. And at the end of May, it imposed purchase limits on its 13 authorized purchaser in the world.
The U.S. Mint has limited purchases of silver before the end of 1990. Investors dumped the precious metal, for fear that the economy will be through the computer, the inability to adapt to the new millennium will be paralyzed. The U.S. Mint says rationing as a necessary decision, due to unprecedented demand for American Silver Eagles.
In 2008, it sold 6.8 million U.S. Mint American Eagle Silver Coins. This is double the amount sold in 2007. In March alone, sales of silver eagles to 1.85 million, nine times the amount sold during the month of February! It 'clear that the U.S. Mint, had misjudged the strength of the bull market in silver, and the demand for American Eagle Silver Dollar> Coins.
But how this unprecedented demand for this gold, silver coins, which have caused? Here are some possible reasons:
The price of silver is increasing. January 3, 2000, the first day of the new millennium, the spot price of silver traded at $ 5.41. Recently, the spot price of silver traded as high as $ 20 grams, a return to 386 percent!
Traditionally, the silver mined each year of gold. Therefore, silver is veryless expensive and more convenient for individual collectors to buy gold.
The U.S. Silver Eagle coin is the only American silver coins in an IRA can be invested. Then buy silver eagles are a convenient way for small investors to participate in the silver bull market.
But this increase in demand is the only reason for the rationing of Silver Eagle coins?
Rumors have a way that the U. S. Mint ran out planches to make use of coins.A Planchet, empty, or because they are sometimes referred to, is a round metal disk that is ready to take the coins. Planches They also used to create coins, unlike the American Silver Eagles, and companies that produce their busy planches limiting the input received from the U.S. Mint.
The Silver Institute, a profitable international industry association headquartered in Washington, DC, wrote a letter to the Director of U.S. Mint wrote, callingtake immediate steps to reduce the production of the popular silver eagles increased. Silver, gold off the Silver Institute asked the U.S. Mint to consider alternative solutions to simplify the production of the American Silver Eagle dollar coin.