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Silver Wheaton Corp. Message Board

  • unorleans unorleans Dec 29, 2010 3:54 PM Flag

    The U.S. Mint Has Suspended Production Of Silver Eagles - Again


    The U.S. Mint Has Suspended Production Of Silver Eagles - Again
    I was not aware of this until today, but the press release reads like silver eagle production has been suspended for awhile. Here's the press release: LINK

    I was told a while ago by someone who is in a position to know that the Mint was under instructions to produce as many gold and silver eagles as possible this year in order to avoid the perception that silver supplies are tight. This is why big coin dealers like Tulving seem to have an endless supply of silver eagles.

    However, this same source also said that he expected, based on thorough knowledge of the entire industry, that there would be a severe silver shortage starting sometime in 2011.

    I guess that shortage may have started a bit early...

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21.31+0.64(+3.10%)Nov 20 4:04 PMEST

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