US MINT SELLS NEARLY 1 MILLION SILVER EAGLES MONDAY, BEGINS RATIONING SALES!

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The US Mint has updated April sales statistics for the first time since last week, and to no surprise, the Mint again reported more massive sales, with another 833,000 silver eagles reported sold Monday!   The April total through 6 business days is now 1.645 million ounces, bringing the 2013 total to a massive 15.868 million ounces. 

In response to the continued massive demand for silver eagles, the mint also has begun rationing sales of silver eagles to primary dealers resulting in supply delays!

Just as was seen in January, tight physical supplies have seen premiums on ASE’s skyrocketing over the weekend and throughout the day, as ASE’s are rapidly becoming as scarce as 90%!

April ASE sales as of Friday: 

2013 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 7,498,000
7,498,000
February 3,368,500
3,368,500
March 3,356,500
3,356,500
April 812,000
812,000
Total 15,035,000
15,035,000

And Monday’s report via the US Mint:

2013 Silver Sales Totals
(in ounces / number of coins)
Month One
( oz. / #coins )
January 7,498,000
7,498,000
February 3,368,500
3,368,500
March 3,356,500
3,356,500
April 1,645,000
1,645,000
Total 15,868,000
15,868,000

 

So much for the US Mint producing ASE’s in sufficient quantity to meet public demand! 
Look for supply constraints to continue to tighten and premiums to continue to skyrocket as long as silver stays under $28 and the US Mint continues rationing supplies.

APRIL 8, 2013 BY  – Silver Doctors

http://www.MissionMining.com 

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One Response to US MINT SELLS NEARLY 1 MILLION SILVER EAGLES MONDAY, BEGINS RATIONING SALES!

  1. Pingback: Run On Silver: No Wonder The Silver Chart Price Is Down, Nobody Wants Any: Oh Wait! US Mint Sells 1 Million Silver Eagles On Monday Alone ~ U.S. Mint Runs Short! « Political Vel Craft

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