US Mint Ends American Silver Eagle Rationing

From CoinNews.net: American Silver Eagle rationing has ended, the United States Mint announced today in a memo sent to its network of bullion distributors called "Authorized Purchases."

AP’s consist of major coin and precious metals dealers, brokerage companies, and other participating financial intermediaries who buy U.S. Mint bullion coins in bulk and then resell them for a small premium above their melt value.

2014 American Silver Eagle bullion coins debuted on Jan. 13, 2014 under a limited sales system. This allocation policy was implemented, similar to past years, to keep enough inventories in place to supply AP’s with some Silver Eagles instead of halting sales entirely. The U.S. Mint now has the production capacity to strike coins to meet demand, but it has not always had sufficient quantities of silver blanks.

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