ASE production suspened

[Ardent Listener]

American Eagle Silver Uncirculated Coin
http://catalog.usmint.gov/webapp/wcs/st ... gory=10191
Production of United States Mint American Eagle Silver Uncirculated Coins continues to be temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Until recently, all available silver bullion blanks were being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .”

Although the demand for precious metal coins remains high, the increase in supply of planchets—coupled with a lower demand for bullion orders in August and September—allowed the United States Mint to meet public demand and shift some capacity to produce numismatic versions of the American Eagle One Ounce Silver Proof Coin.

However, because of the continued demand for American Eagle Silver Bullion Coins, 2010-dated American Eagle Silver Uncirculated Coins will not be produced.

The United States Mint will resume production of American Eagle Silver Uncirculated Coins once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.

[Thogey]

This is typical of a government operation.

The demand it too high.... so suspend production?

WTF?

[Neckro]

Who cares, ASE are too costly as it is, and they're ugly. I rather the Canadian maple.

[agmoose]

Suspended while they look for a way to make more profit off of them..............

[Beau]

.
everyone check with your dealers the mints website has said the same thing in 2009, and 2010.

maybe they will still make them in 2011.

.

[Market Harmony]

You absolutely MUST watch this. It also refers to the Silver Eagles:

[aristobolus]

The nice thing about Canadian Maples is that they are denominated as Five Dollars; whereas the U.S. Silver Eagles are only One Dollar. In a reverse nightmare scenario of PM bottoming out, the Maple will at least retain five times as much value.

[totalcount]

This is referring to the mint's "numistic" uncirculated ASE's that the sold one at a time from the mint web site, not the bullion ones you can buy by the tube. They didn't produce any of these last year either.

They are still minting ASE's, just not that particular variety.

[argent_pur]

Yeah, there seems to be some confusion over on another silver forum as well as to the three different ASE types:

1.) Bullion
2). Uncirculated (a.k.a. "Burnished" with a "W" Mintmark)
3.) Proof

[didou]

You absolutely MUST watch this. It also refers to the Silver Eagles:

Thanks for the video, that nice to seem someone thinking there and asking some real question.

[Devil Soundwave]

The law is kinda flawed anyway - I mean surely a proviso to cover "public demand" for US coins should only take into account public demand in the USA. But how do they propose to measure this? Monster boxes are available over here in the UK and, I would imagine, worldwide. I would imagine this annoys US numismatic collectors a lot.

Surely it would make more sense to guarantee a set percentage of each years planchets to the manufacture of proofs to at least attempt to keep everyone happy; because all they are doing currently is neglecting the numismatic collectors whilst simultaneously not satisfying the global demand for the bullion coins anyway...