February 21, 2019.
As a result of the announcement today, silver coin price premiums on Silver Eagle Coins are inching higher above the fluctuating silver spot price given that the US Mint was ambiguous about when new Silver Eagle Coin supplies will return to market.
The following is the exact statement by the Branch Chief of the US Mint:
February 21, 2019
2019 American Eagle Silver Bullion Coins
This is to inform you that we have temporarily sold out of our inventories of 2019-dated American Eagle Silver Bullion Coins. In addition, all remaining 2018-dated inventories have been sold too.
The West Point Mint is busy producing additional 2019-dated American Eagle Silver Bullion Coins. We hope to be able to re-launch the 2019-dated coins in a few weeks.
Please let me know if you have any additional questions.
Jack A. Szczerban
United States Mint
For seasoned silver bullion buyers, these occasional sell outs and supply disruptions in newly struck American Silver Eagle Coin supplies is nothing new
Since the 2008 Financial Crisis, there have hardly been any years in which the US Mint has not had to ‘temporarily’ halt bulk silver bullion sales of newly struck American Silver Eagle coins for various reasons.
Currently some of the largest and most easily identifiable market supply constraints for the US Mint American Silver Eagle Coin program are as follows:
- A recent uptick in Silver Eagle Coin buying.
- The ‘just in time’ delivery nature of the US Mint Bullion Coin Program.
- Silver Eagle coin planchet supplier constraints have worsened recently.
Who is the person in charge of determining if this US Mint program is indeed failing at its charge or not?