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US Mint temporarily halts silver coin sales

 
Tazwell Wellington
User ID: 32532434
United States
01/21/2013 08:49 AM
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US Mint temporarily halts silver coin sales
I know this has probably been covered but the Bolded part really caught my eye


From: [link to money.msn.com]


"Is there a real silver shortage, and are we seeing a modern silver rush? The answers to those questions might depend on who you listen to.


Last week, the U.S. Mint halted sales of its 2013 American Eagle silver bullion coins.


The Mint website says the coins, with a face value of $1, contain a minimum of one troy ounce of 99.9% pure silver. According to Reuters, they are worth around $63 each.


Reuters quotes an email sent by the Mint to authorized dealers on Thursday saying that sales of coin will resume at the end of the month after inventory has been restocked."



WTH?, Over twice current spot price???

Shortage????
MaxMad

User ID: 13864401
United States
01/21/2013 08:54 AM

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Re: US Mint temporarily halts silver coin sales
I know this has probably been covered but the Bolded part really caught my eye


From: [link to money.msn.com]


"Is there a real silver shortage, and are we seeing a modern silver rush? The answers to those questions might depend on who you listen to.


Last week, the U.S. Mint halted sales of its 2013 American Eagle silver bullion coins.


The Mint website says the coins, with a face value of $1, contain a minimum of one troy ounce of 99.9% pure silver. According to Reuters, they are worth around $63 each.


Reuters quotes an email sent by the Mint to authorized dealers on Thursday saying that sales of coin will resume at the end of the month after inventory has been restocked."



WTH?, Over twice current spot price???

Shortage????
 Quoting: Tazwell Wellington 32532434



Thank you for the BREAKING NEWS! Moran!
MaxMad

User ID: 13864401
United States
01/21/2013 08:55 AM

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Re: US Mint temporarily halts silver coin sales
I know this has probably been covered but the Bolded part really caught my eye


From: [link to money.msn.com]


"Is there a real silver shortage, and are we seeing a modern silver rush? The answers to those questions might depend on who you listen to.


Last week, the U.S. Mint halted sales of its 2013 American Eagle silver bullion coins.


The Mint website says the coins, with a face value of $1, contain a minimum of one troy ounce of 99.9% pure silver. According to Reuters, they are worth around $63 each.


Reuters quotes an email sent by the Mint to authorized dealers on Thursday saying that sales of coin will resume at the end of the month after inventory has been restocked."



WTH?, Over twice current spot price???

Shortage????
 Quoting: Tazwell Wellington 32532434



Wonder where the get the $63/0z number??
Anonymous Coward (OP)
User ID: 32532434
United States
01/21/2013 08:56 AM
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Re: US Mint temporarily halts silver coin sales
I know this has probably been covered but the Bolded part really caught my eye


From: [link to money.msn.com]


"Is there a real silver shortage, and are we seeing a modern silver rush? The answers to those questions might depend on who you listen to.


Last week, the U.S. Mint halted sales of its 2013 American Eagle silver bullion coins.


The Mint website says the coins, with a face value of $1, contain a minimum of one troy ounce of 99.9% pure silver. According to Reuters, they are worth around $63 each.


Reuters quotes an email sent by the Mint to authorized dealers on Thursday saying that sales of coin will resume at the end of the month after inventory has been restocked."



WTH?, Over twice current spot price???

Shortage????
 Quoting: Tazwell Wellington 32532434




BTW, Current spot is $31.90

This has to be a typo on Reuters part, has too be.
MaxMad

User ID: 13864401
United States
01/21/2013 08:59 AM

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Re: US Mint temporarily halts silver coin sales
I know this has probably been covered but the Bolded part really caught my eye


From: [link to money.msn.com]


"Is there a real silver shortage, and are we seeing a modern silver rush? The answers to those questions might depend on who you listen to.


Last week, the U.S. Mint halted sales of its 2013 American Eagle silver bullion coins.


The Mint website says the coins, with a face value of $1, contain a minimum of one troy ounce of 99.9% pure silver. According to Reuters, they are worth around $63 each.


Reuters quotes an email sent by the Mint to authorized dealers on Thursday saying that sales of coin will resume at the end of the month after inventory has been restocked."



WTH?, Over twice current spot price???

Shortage????
 Quoting: Tazwell Wellington 32532434




BTW, Current spot is $31.90

This has to be a typo on Reuters part, has too be.
 Quoting: Anonymous Coward 32532434


This what happens when they suppress the paper price-LOL! There is a shortage of silver as investors will gladly pay $30-$40 for an ounce..
Anonymous Coward (OP)
User ID: 32532434
United States
01/21/2013 09:00 AM
Report Abusive Post
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Re: US Mint temporarily halts silver coin sales
I know this has probably been covered but the Bolded part really caught my eye


From: [link to money.msn.com]


"Is there a real silver shortage, and are we seeing a modern silver rush? The answers to those questions might depend on who you listen to.


Last week, the U.S. Mint halted sales of its 2013 American Eagle silver bullion coins.


The Mint website says the coins, with a face value of $1, contain a minimum of one troy ounce of 99.9% pure silver. According to Reuters, they are worth around $63 each.


Reuters quotes an email sent by the Mint to authorized dealers on Thursday saying that sales of coin will resume at the end of the month after inventory has been restocked."



WTH?, Over twice current spot price???

Shortage????
 Quoting: Tazwell Wellington 32532434



Wonder where the get the $63/0z number??
 Quoting: MaxMad



Got to be a number inversion 63=36

round here they trade at about 34-38 each....so 36 would be bout right.

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