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Nov 21, 2016 11:16:43 AM / by Mike Joyce

NEWS FLASH:

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Mike Joyce:
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As is usually the case during the last six weeks or so of the calendar year, the U.S. Mint is nearing the point where it will halt production of its premier silver bullion coin, the American Silver Eagle.


As we approach Thanksgiving, the end-date for production of 2016-dated Silver Eagles nears. Michael White, spokesman for the United States Mint’s Office of Corporate Communications, could not provide a definitive timeline for when this year’s production run will cease. Mint officials are typically mum about the exact date; as such a decision is not necessarily made public in advance.

However, it’s worth noting that 2015 ASEs ended production by December 11th of last year. They sold out on December 15th. This gives the mint time to get a head start on the next year’s Silver Eagle production. These coins typically become available to distributors in the second week of January.

The U.S. Mint doesn’t sell its bullion coins directly to the public. Instead, it allows the authorized dealers like Gulfcoast Coin & Jewelry to purchase the coins, and then sell them to consumers.

There will probably be one last production burst of Silver Eagles before the end of the year. After this point, ADs will only be able to replenish their inventories of the 2016-issue coins through the secondary market. If demand remains strong at this late date in the year, we could see supply shortages reminiscent of moments in 2015 and especially in late 2014.

Silver American Eagles are very popular gifts during the holiday season. Make sure you stock up early at Gulfcoast Coin & Jewelry and before the expected premium increases hit.  Contact our Bullion & gift experts at Gulfcoast Coin & Jewelry now while supplies are still good and before premiums increase.

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Call Gulfcoast Coin & Jewelry Bullion Hotline
(800) 465-3909


Don't forget, as we near the end of 2016, other popular US Mint Coins will experience shortages and depleted stock. Coins such as the 0.01oz Gold American Eagles will be in shorter supply. Act early, act now!


 

Topics: Bullion, US Mint, 2016 Silver American Eagles