U.S. Mint Sells out of 2014 Silver Eagles
The United States Mint has announced that due to the tremendous demand
they have temporarily sold out of American Eagle Silver
Bullion Coins. “We continue to produce 2014-dated coins and will advise
you when additional inventory will be available for sale." Said Michael
White. The Royal Canadian Mint made a similar
statement last week regarding their one ounce Maple Leaf coins. The
current shortage in the market will most likely lead to higher premiums.
Higher premiums and product shipment delays often leads to a pick up in
the sale of Silver Bullion Rounds, which have
lower premiums and faster delivery.
Privately
minted silver coins are commonly called "silver rounds" or "generic
silver rounds". These coins usually have a set weight of 1 troy ounce of
silver (31.103 grams of 99.9% silver). These carry all sorts of
designs, from assayer/mine
backed bullion to engravable gifts, automobiles, firearms, armed forces
commemorative, holidays, etc.
Some
hard money enthusiasts use .999 fine silver rounds as a store of value.
A cross between bars and coins, silver rounds are produced by a huge
array of mints, generally contain a troy ounce of silver in the shape of
a coin, but have
no status as legal tender. Rounds can be ordered with a custom design
stamped on the faces or in assorted batches.
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