This is my first blog and it is on the beautiful American Silver Eagle U.S. Mint Program. The Eagles (Silver and Gold) began 24 years ago in 1986. The Platinum Eagles (1oz size $100 face value, 1/2oz $50 face, 1/4oz $25 face and 1/10oz $10 face) began in 1997 and may have ended in 2008 for good. Zero have been produced in 2009. This year the Gold Eagles have only been minted in the 1oz size $50 face value bullion coin. No fractional sizes minted (1/2oz $25 face, 1/4oz $10 face and 1/10 oz $5 face). Will they mint Gold Eagles in the future (past 2010 which would be a quarter century)??
But let me get back to the 1oz only Unc. Silver Eagles, they have ranged in mintage numbers from a low in 1996 of 3.4 million (U.S. Mint web site) to a high this year of 22.7 million and counting. Did you know this has put total minted production of Unc only no proofs, no burnish W unc, or reverse proofs to a whopping 200+ million bullion coins (that's 200,000,000 ounces of silver). I believe it is a milestone that may be coming to an end in the near future. Where's the mint going to get the needed supply from U.S. Silver sources (by law the Eagles must be produced from silver mined on U.S. lands) to continue to statisfly the growing demand for more Eagles for the investing and collecting public that seems to want hard assets instead of fiat paper back by nothing??
Eagles are my favorite bullion coin and I would like general comments on future investment ideas about them. What are your thoughts on the U.S. Mint Eagle program or anything else that relates to investing and collecting SILVER coins and bullion.
Thanks,
Charles
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