Wednesday, March 9, 2011

U.S. Mint - NO 2011 Silver Eagles Until FALL! They have not sold ONE Silver Eagle in March - No Silver for them to?

You make up your own mind what is going on. Also see how they now have on their site: they will not be minting any Silver Eagles until Fall 2011!?
U.S. Mint numbers
2011 Silver Sales Totals (in ounces / number of coins)
Month One
( oz. / #coins )
January 6,422,000
6,422,000
February 3,240,000
3,240,000
March 0
0
Total 9,662,000
9,662,000


So the U.S. mint has not sold a single Silver Coin in the month of March. Wow, guess they haven't had a single person wanting to buy one so they have not minted any? Geez, what a shame. That has to be the case right? It wouldn't be they haven't been able to get any silver, especially since JP Morgan has hundreds of millions of ounces of silver for sale. They even put millions more up for sale over the weekend. JP Morgan obviously has silver everywhere, in fact so much of it they keep putting more and more offers/shorts on the Comex to try and get rid of it.


Hmm.... yet the U.S mint has not sold nor minted any coins so far for the month of March.

The below is a new message up on the U.S. Mint site. They had a different message with the 2010 coins on it last week when I looked. So I am assuming they mean this 2011 fall and not 2010 fall, since the page information has changed.

This is what the U.S. Mint has on it's site now for 2011 Silver Eagle Coins - They will not mint them until fall!? Really?




U.S. Mint -what it says about the Silver Eagles

American Eagle Silver Uncirculated Coin
American Eagle Silver Uncirculated Coins offer silver precious metal purchasers an additional collectible version of the popular American Eagle Silver Bullion Coin. These coins feature a finish similar to its bullion coin counterpart, and they are struck on specially burnished blanks at the United States Mint, West Point, N.Y. The classic Walking Liberty design by Adolph A. Weinman featured on the coin’s obverse has long been a collector favorite.
Coin Specifications
Condition: Uncirculated
Composition: 99.9% silver
Edge: Reeded
Facility: West Point
Mint Mark: W
For investors, please click on the appropriate link for information on United States Mint American Eagle Bullion Coins or to locate a bullion coin dealer near you.
On-Sale: The United States Mint is currently scheduled to release the 2011 American Eagle Silver Silver Uncirculated Coins in the early fall. Please continue to check our schedule product listing page for any additional updates.

___________________________________________________________________________


Also I read on a forum today someone claiming they have been standing for delivery of Silver off the Comex and JP Morgan has offered them 50% premium not to stand to take physical. They have turned that down as they want the physical. Now, my question is..... if 50% to 80% premiums are real, that JP Morgan is paying for people not to take physical silver and those premiums are based on paper silver...............than shouldn't physical silver start getting those type premiums at the very least??

Here is a post from last week with information from Harvey Organ about JP Morgan paying 80% premiums to those who stood for March Silver delivery.

At what point will the physical premiums match the paper premiums being given? I would say those that have physical silver for sale needs to take a close look at what premium should be charged if paper is getting 50 to 80% premiums!

No comments:

Post a Comment