The United States Mint has issued the American Silver Eagle coins since 1986. The one ounce silver coins are issued in two different versions for both precious metals investors and coin collectors. Last year the high demand for precious metals caused the cancellation of the collector versions. The situation has continued, bringing doubts to the status of the 2010 collector coins.
The bullion version of the coin is distributed by the United States Mint through their authorized purchaser network. These large scale buyers purchase the coins directly based on the price of silver plus a fixed mark up. The authorized purchasers distribute the coins to other bullion dealers and sell the coins to the public, and provide an outlet for resale.
The American Silver Eagle collector coins have recently been offered in two different versions, proof or uncirculated. The proof coins feature a cameo like appearance created through a specialized minting process. The raised design elements are frosted and the background fields are mirrored. The uncirculated coins are struck on burnished blanks and carry the "W" mint mark for West Point.
Legally, the United States Mint is required to produce the bullion coins in quantities sufficient to meet full public demand. Unfortunately, there is no such legal requirement to produce the collector versions of the coins. Due to the limited number of precious metals blanks, the US Mint was forced to prioritize the production of the bullion coins.
An official announcement was made in October 2009 that the US Mint would not be producing the collector versions of the American Silver Eagle for 2009. The reason cited was the legal obligations which favor the production of bullion coins. The US Mint announced that they were working to secure greater supplies of precious metals in the future, so that hopefully production of collector coins could resume.
In recent months, American Silver Eagle bullion coin sales were suspended at the authorized purchaser level. This suspension was followed by a resumption of sales on a rationed basis. Since the supply is begin rationed, the US Mint is obviously not meeting full demand, causing collectors to doubt the status of collectible versions of the coins for 2010. - 23204
The bullion version of the coin is distributed by the United States Mint through their authorized purchaser network. These large scale buyers purchase the coins directly based on the price of silver plus a fixed mark up. The authorized purchasers distribute the coins to other bullion dealers and sell the coins to the public, and provide an outlet for resale.
The American Silver Eagle collector coins have recently been offered in two different versions, proof or uncirculated. The proof coins feature a cameo like appearance created through a specialized minting process. The raised design elements are frosted and the background fields are mirrored. The uncirculated coins are struck on burnished blanks and carry the "W" mint mark for West Point.
Legally, the United States Mint is required to produce the bullion coins in quantities sufficient to meet full public demand. Unfortunately, there is no such legal requirement to produce the collector versions of the coins. Due to the limited number of precious metals blanks, the US Mint was forced to prioritize the production of the bullion coins.
An official announcement was made in October 2009 that the US Mint would not be producing the collector versions of the American Silver Eagle for 2009. The reason cited was the legal obligations which favor the production of bullion coins. The US Mint announced that they were working to secure greater supplies of precious metals in the future, so that hopefully production of collector coins could resume.
In recent months, American Silver Eagle bullion coin sales were suspended at the authorized purchaser level. This suspension was followed by a resumption of sales on a rationed basis. Since the supply is begin rationed, the US Mint is obviously not meeting full demand, causing collectors to doubt the status of collectible versions of the coins for 2010. - 23204
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Looking to find more information on the 2010 Silver Eagle, then visit www.silvereagleguide.com to find all the details on coins of the Silver Eagle coin series.
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