4:11 PM U.S. Mint Sells Out of Silver Eagles, Gold Buffalos | |
Perpetually plagued by shoddy production planning, the U.S. Mint announced last week the government agency is temporarily sold out of silver American Eagles and gold Buffaloes. Premiums for those coins moved higher almost immediately, especially on Silver Eagles. The government-run “enterprise” typically operates with little room for error and does not maintain a large supply of unstruck planchets. This means it can’t handle moderate to large fluctuations in demand. It’s not unusual for the U.S. Mint to fail in its statutory mandate to produce sufficient coins to meet public demand. There is some pressure building on premiums for other sovereign coins, rounds, and bars. Those inclined to buy metals in this price range should consider moving quickly.
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