The Perth Mint just released its new Wedge Tail Eagle. Now I have bought some of these in the past with no problem. The new one is silver. One ounce and the mintage is 2000. The price over 500.00. Why? The last one I bought was also curved. And allot less money and plenty to go around. Are they feeling this also. I don't know but to limit such a popular series to 2000 tells me something is up!1 year ago
There Has To Be A Silver Shortage. .
I know the U. S. Mint was planning on doing 2022 Morgan and Peace proof dollars this year, but cancelled plans for that due to a lack of silver. Might be more truth to the silver “shortage” than people realize.1 year ago
I just don't see any problem on silver coins anywhere but our mint. Mike did a fine blog on the reasons behind that. BUT...Who knows. I just bought 2022's from Fiji and Perth. No problem no crazy prices.1 year ago
Then why the montage on the new coin. . 2000. The mintage on the others were 50,000 and more.Now 2000. Doesn't make sence1 year ago
Looking at the market over the previous year, silver was at a high of 28.19 in May of 2021. From there it dropped steadily into September to just under 22.00 and stabilized somewhat between the 23/25 range since. With silver at a steady low this would indicate that the metal is not of short supply. The issue then becomes a supply. As I've previously mention on another post, the United States Mint buys the silver blanks directly from the Sunshine Mint in Coeur d'Alene, Idaho. Every ASE blank comes from here, not from the U.S. Mint itself. A visit to the corporate headquarters produced a quarterly report showing that orders placed by the U.S. Mint were overwhelmingly high and they were struggling to keep pace. Also, Sunshine produces bullion blanks and sheets for several other various world mints. To complicate matters, they employ roughly 200 employees despite a massive ongoing hiring campaign. Perhaps I'll relocate to Idaho. I absolutely love nearby North Fork!1 year ago
They don't have the same laws we do. Its the statues that are tying the mints hands . My blog is still up and its in black and white. I didn't write the article. So the other mints can make and sell all the coins they want we cant!1 year ago