US Mint to Cease Production on 2013 Coins on Dec. 9th; Introduce 2014 Coins on January 14th
In an effort to build up inventories for the inevitable silver eagle demand in January, the US Mint will cease production of the 2013 coins on December 9th to begin minting the 2014-dated coins. Annually, the US Mint sells more coins in January than any other month of the year, as collectors, dealers, and enthusiasts scramble for First Strike and Early Release coins. Additionally, with consistent demand in the certified coin (graded) market, a large percentage of these coins will make there way to grading companies PCGS and NGC.
January 2014 figures to be a record sales year, especially with the steady drop in silver prices. The 5-week lull in silver eagle supply in the interim will inevitably create supply constraints as we head towards the end of the year. Investors should expect higher premiums on the 2013 Silver Eagles as inventories deplete between now and January.