2003 SILVER EAGLES - LOW MINTAGE?

APA1709

Hey all,

I read in coin world that 2003 silver eagles would most likely be a low mintage because of the 2-1 buyback established by the MINT. However, based on their availability, it seems as if this simply isn't the case....any comments on that?

Tootawl

I read it was a 3 to 2 buy program in order to get rid of the 2002s.

dakra

Perhaps I am missing something... If I go to the US Mint website, the 2002 are unavailable. They have more in stock?...Just Curious...

-Dave

Mikey

You cannot buy the uncirculated 2003 silver eagles directly from the mint. These are sold through distributors because they are considered bullion. You can buy the silver proofs from the mint, when they are available.

APA1709

Yes, I was speaking of UNCIRC, not PROOF eagles, and you're right tootawl, it was a 3 for 2 buyback program.

Conder101

The year is only 15 days old and we are speculating that a 2003 mintage will be low? They have about 320 more striking days for this coin! The extra 2002's will be absorbed and the striking of the 2003's will continue. Even if the mintage is lower than normal, it will still be high enough to make them common coins.

Steve27

Could someone explain what the buy-back program is?

BillJones

Yes, predicting that 2003 silver eagles will have a low mintage in mid January 2003 is pure foolishness. It's the kind of stuff you hear from the demented salesman on Shop at Home as advice the mentally challenged and the emotionally gullible.

baccaruda

if you think the mintage is low check ebay - you can buy them by the wheelbarrow full at pre-sale. of course all the dealers and shop-at-home carnival barkers are screaming to the contrary.

Coulport

I think you can safely say the 2002 mintage will be quite large.
The 2003 mintage will depend on demand from the distributors.
I suspect once the pipeline is full, both will sell at the same price. (The 2003s are more in my area)
And to Steve, there is no buy-back program. The mint is just one way. The distributors are supposed to make a two way market in bullion but theirs is mostly one way also. Most dealers do the buying and selling.

laserart

Steve ,I believe the buy back program is for dealers that want to buy 2003 SAE, they have to buy 2, '02's for every 3 of the '03's. Buying back dates, that's what I interpreted when I read it.

gmarguli

I got one of those flyers with my credit card bill. It was for a 2003 SAE from Littleton Coin for $7.95. If mass crap retailer Littleton is selling these for $7.95, then you know they aren't rare.

dlshaw

Maybe they could punch a Three over some of the extra 2002's and create a repunch date.

dakra

Does anyone know how many Hess Trucks were produced for 2002?... opps, sorry, wrong forum.

-Dave