Posted on the web an hour ago re: Eagles
bumanchu
Posts: 1,383 ✭✭✭
bumanchu
Posts: 1,383 ✭✭✭
bumanchu
Posts: 1,383 ✭✭✭
Comments
therefore only 1 troy ounce blanks are easily available in both silver and gold.
the mint cannot get enough of the smaller blanks so they are wisely stopping
production of those types.
eventually their suppliers will catch up and all will be well again.
nothing to see here. move along.
<< <i>it seems the companies that deliver blanks are doing a lot of business.
therefore only 1 troy ounce blanks are easily available in both silver and gold.
the mint cannot get enough of the smaller blanks so they are wisely stopping
production of those types.
eventually their suppliers will catch up and all will be well again.
nothing to see here. move along. >>
The Mint make it's own blanks in Gold....
q]the mint cannot get enough of the smaller blanks so they are wisely stopping
production of those types. >>
I don't think wisdom is required to stop making something you don't have the "raw material" for.
<< <i>
<< <i>it seems the companies that deliver blanks are doing a lot of business.
therefore only 1 troy ounce blanks are easily available in both silver and gold.
the mint cannot get enough of the smaller blanks so they are wisely stopping
production of those types.
eventually their suppliers will catch up and all will be well again.
nothing to see here. move along. >>
The Mint make it's own blanks in Gold.... >>
Interesting. I thought companies like silvertowne and sunshine made them.
I guess it is only clad and silver then?
I read gold blank supplies to mean they get them from a supplier. I guess the mint
did not expect so many people, read american citizen speculators, to want to get in
at costs lower then an ounce.
thanks for the info.
<< <i>q]the mint cannot get enough of the smaller blanks so they are wisely stopping
production of those types. >>
I don't think wisdom is required to stop making something you don't have the "raw material" for. >>
Now that I disagree with. They have the material.. after all, if it was gone.. how could they still be
producing larger 1 oz rounds? Still have supplies of blanks I suppose. But larger players in the metal
can still get quantity as far as I know. Dont confused little guys wanting small amounts versus the
companies that buy 1000s of ounces at a time for gold and 10000s of ounces of silver.
If they ran the place like a business to maximize profit.. those smaller coins would fetch them more
money overall. But the mint acts in mysterious ways ;-)
"raw materials" in this case would be the blanks for a particular denomination.
Of course the mint will do as it sees fit. It could easily produce whatever it wished.
Apparently, at this time, it wishes to produce 1 ounce bullion coins only.
<< <i>If demand is so strong why aren't the metal prices sky high like they were a few months ago? >>
that is the million dollar question right now.
Gold has soared as much as $200 in the last 30 days as
panic investors flocked to gold as a worsening global financial
crisis prompted people to seek a safe haven
????? Gold has soared $200 in the last 30 days ?
They probably won't strike anymore 08-W ASEs either if they can ever resell all of the returns they have at 25 bucks each.
Regards, John
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>
<< <i>it seems the companies that deliver blanks are doing a lot of business.
therefore only 1 troy ounce blanks are easily available in both silver and gold.
the mint cannot get enough of the smaller blanks so they are wisely stopping
production of those types.
eventually their suppliers will catch up and all will be well again.
nothing to see here. move along. >>
The Mint make it's own blanks in Gold.... >>
False. They have no refineries anymore. All of its blanks are purchased from vendors.
TD
thanks for verifying that.