ASE production suspended due to demand?
CaptMorgan
Posts: 145
0
CaptMorgan
Posts: 145
CaptMorgan
Posts: 145
Comments
This is not the bullion version and refers to the 2010 uncirculated / burnished collector version of the silver eagle.
There are two different types of uncirculated ASEs:
1. Bullion variety produced in masses and distributed through authorized purchasers.
2. Collector's variety featuring the W mintmark and sold directly from the US Mint (encapsulated, in Mint packaging).
(Note that there is also a proof version. In 2006, 07, and 08 there were all three options available.)
It is old news that the 2009 and 2010 W-unc collectors versions were not made. These were not made because they had to meet the demand for bullion.
We might see the unc. W versions return this year due to changes in Law.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It if is, in fact, new, maybe it is a typo. Still, I'd think the Mint would wait for a little more of the year go by before making a decision on the 2011s.
And the 2010 Coin Modernization Act does say...
"Produce collector proof and uncirculated Gold and Silver Eagles even if that cuts into the production of the bullion versions which the Mint is currently required to strike in quantities to meet demand."
TBD American Eagle Silver Uncirculated Coin
<< <i>ASE production
Anyone have any thoughts on this? Is this normal? >>
That came out last fall, as they were announcing that they would be selling 2010-W Proof silver eagles but not the 2010-W "Burnished Uncirculated" single coins.
TD