US Treasury Mint production of “ASE” (American Silver Eagle) falls despite soaring premium—especially since former Mint Director Ryder’s resignation; now roughly half of former production

Posted by bubah1mau 4 months, 2 weeks ago to Business
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Analyst points out re ASE there are two premiums: Mint premium and dealer premium, so—as few individuals can buy directly from Mint—a typical buyer pays a total market premium that reflects both these factors.

At the time of this writing, eBay lists several dealers offering ASEs (not 2023 dates) at about $32/coin. As today’s commodity price of silver is about $25/oz, this would mean a total (final or market) of $7/coin premium, 28%. (Most of these eBay listings claim “last one” or diminishing availability, suggesting they may not honor the listed price. Also, there are a number of listings of lower prices stating that the source is in PRC, but claiming the items are genuine. One can only wonder about that.)

For the sake of comparison, $1000 face in US circulated silver coins not including “silver dollar” or “commemorative” coins (all US Mint date prior to 1965) now commands approximately $22,000 in US currency according to WSJ daily listed cash prices. As it takes $1.39 in these to contain 1 troy ounce of fine silver, the price per troy ounce silver contained in circulated US silver coins is now approximately $30.60 in US currency, reflecting a market premium of 22.4%. These premiums of course do not reflect sales tax(s)/shipping costs added at the dealer’s store or place of business.

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  • Posted by $ BobCat 4 months, 2 weeks ago
    They stopped the 1 Toz Bison supposedly for a shortage blanks ... slowing the minting of Silver Eagles for supposedly high Metal Prices....

    Can anyone remember the "coin shortage" during the plandemic?? I never fully understood their reasoning for that one either.

    I'm just waiting until they run out of paper or ink and won't print bills....

    Sign of the coming downfall...
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    • Posted by 4 months, 2 weeks ago
      I believe the Bison issue you're referring to is a private mint issue, not a US Treasury Mint product. There is a US Mint "American Bison" one-ounce gold issue struck with a face of $50.

      What's interesting to me about this situation is that the author of the linked article seems to think the US Mint is under legal obligation to satisfy demand. The way I read the Silver Eagle authorizing Act is that production is left to the Mint Director's discretion, and that the new Mint Director (since Ryder) just decided to reduce production--maybe because new Mint (Treasury Dept. under Yellen/Buythem) policy is not to disrupt the market in such a way as to put pressure on market supply of silver.
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