2009 Silver Eagle Proof Updates
Here is a link to what the mint has to say about the proofs. Temporarily suspended. At least they are saying something. Here is the link
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay...
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay...
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Replies to This Discussion
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Permalink Reply by Jim on -
Wow. That sucks. Not sure what else to say about it.
If they do eventually release a 2009 Proof and/or Burnished Uncirculated Coin, the total mintage might be crazy low (which would be very good), but from that message, it doesn't sound good that either will ever see production.
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Permalink Reply by jraytinkey on -
I have a feeling that the mintage of this coin will be quite high if it ever goes on sale in the next few months. Since so many people are convinced that this will be a rare date, people will be ordering extras so that they can turn a quick profit. I for one would probalby order double of what I normally do just in case...
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Permalink Reply by CraigL on -
It is still only March. I would think they would try to sneak them in at some point so they don't interrupt the series. It might be a good idea to get on the subscription lists, however, as they may go real quick
Jim said:Wow. That sucks. Not sure what else to say about it.
If they do eventually release a 2009 Proof and/or Burnished Uncirculated Coin, the total mintage might be crazy low (which would be very good), but from that message, it doesn't sound good that either will ever see production.
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Permalink Reply by Dave on
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Why is it that the Mint is allowed to allocate silver for commemorative coins but not numismatic coins? I guess those surcharges we pay on the commemoratives talk.
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Permalink Reply by FiremanDev on -
Just one more thing to add to the woes of The Mint...and of the collecting public.
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Permalink Reply by Jim on
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Dave said:Why is it that the Mint is allowed to allocate silver for commemorative coins but not numismatic coins? I guess those surcharges we pay on the commemoratives talk.
I think the Mint is bound by law to make the Commemoratives. They aren't required to make the Proof or Burnished Eagles, only the standard Bullion version. They choose to make the others because they're profitable. So, technically, the mint is doing what's required of it.
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Permalink Reply by Dave on
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Jim said:Dave said:Why is it that the Mint is allowed to allocate silver for commemorative coins but not numismatic coins? I guess those surcharges we pay on the commemoratives talk.
I think the Mint is bound by law to make the Commemoratives. They aren't required to make the Proof or Burnished Eagles, only the standard Bullion version. They choose to make the others because they're profitable. So, technically, the mint is doing what's required of it.
Agreed Jim. Just seems strange that the law would be written that way. Why aren't silver proofs considered an investment in bullion? I would think producing them would still be satifsying the law but that doesn't appear to be the case.
Craig - Good advice on the ASE proof subscription. I did that. But I'll still order some the old fashion way since some speculate that the subscribers go to the end of the line.
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