26 votes

Update:Looks like a shortage in Physical Silver is shaping up

Here is the original post and status as of April 12. I've updated to reflect activity as of April 15
You can see the record sales at the US Mint site:

http://www.usmint.gov/mint_programs/american_eagles/index.cf...

As of April 15 the mint has not yet updated its sales to reflect Friday and Monday's action

In spite of record sales and production online sites seem to have trouble keeping up with orders
Here is a quick survey of some online precious metal sites:

JM bullion: 15 business delay on silver eagles
http://www.jmbullion.com/2013-american-silver-eagle/

April 15:the delay warning is across the top of the page but what is interesting they are selling individual 2013 silver eagles for $30.36 while the spot price right now is $22.41-nearly an $8 an ounce premium

Provident:looks like most of its silver products are out of stock. I could only find a 2011 silver eagle for sale at $5+over spot price
http://www.providentmetals.com/coins/us-silver-coins.html?li...

http://www.providentmetals.com/2011-american-silver-eagle-br...

April 15: the front page features a product called Wise Fire, an eco friendly fuel source! That's right a Precious metal company selling fuel.
and the 2011 silver eagle reference on April 12 is now unavailable

Apmex: Random year silver eagles are sold out. The 2013 contains a note that they are being sold on a limited basis
http://www.apmex.com/Category/160/Silver_Eagles___Uncirculat...

April 15: now charging $29.28 for the 2013 Silver eagle and the limited basis language is now gone and a delayed till April 24 notice is included.

Golden Eagle Coin: Has a delay on silver eagles to April 19
http://www.goldeneaglecoin.com/Buy_Silver/Silver_American_Ea...
April 15:increased their delayed shipping date till May 3

Bullion direct: Surprisingly seems to have inventory and the best price!
http://www.bulliondirect.com/catalog/lp/US_Mint_American_Eagle_Silver_Coin_(1.00_oz).html

April 15: claims to have silver eagles for $25.83!

Northwest Territorial Mint: Has eagles if you buy 60 or more http://bullion.nwtmint.com/silver_americaneagle.php

April 15: still has eagles if you buy 60 or more and the price is $27.50

Gainesville coins says allow 5-7 days to ship- not sure if that means it will take 5-7 days to get your order or that they won't send out your order for 5-7 days after they receive it:
http://www.gainesvillecoins.com/products/162421/2013-1-oz-am...
April 15 delay is explicit till April 30
Selling silver eagles for $28.47 if you do a bank wire, $29.31 by credit card

Kitco
https://online.kitco.com/?utm_source=New_Store_Tab_Top_Nav&u...
Wasnt covered in the original post.
Status as of April 15:now running a big banner noting high volume and delays




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Yes i did the same and yet

The spot price has dropped but the cost per coin has increased

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Go to provident metals and try and find something to buy

other than wise fire fuel LOL

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Saw on twitter- supposedly no one wants gold anymore BUT..

@smaulgld https://twitter.com/Smaulgld
No one wants gold any more yet:Mint Sells Record 63,500 Ounces Of Gold In One Day | Zero Hedge http://www.zerohedge.com/news/2013-04-17/us-mint-sells-recor...

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Cyril's picture

"Only" $85.7 millions.

Quick math... at gold (literally) SMASHED DOWN at $1,350/oz...

... that's, what? 63,500 x 1,350...

oh, "only" $85.7 millions.

Pfft. Only a thousandth of what the Fed "prints" each month. (Well, spits as binary digits on some box and over wires, anyway.)

Their good buddies just couldn't be interested in buying that, up to 30 times a day? Could they?

Nah, gold "isn't" money, as we all know and thanks to uncle Ben Bernankster.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Clearly something wrong with this picture

Gold and silver dealers running out of inventory, US mint hitting record sales and the price is dropping because someone is selling silver and gold that they dont have in amounts greater than the amount of production.

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Cyril's picture

(Indeed and obviously)

(Indeed and obviously)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Oh, d'ya like pictures? Enjoy :

Oh, d'ya like pictures? Enjoy :

http://dotxml.brinkster.net/2012/Misc/G4_Charts.pdf

You're welcome!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

oui, it seems as if people are now

complacent -there is a recover, there is not debt crisis, Korea is not a threat, housing and the stock market are up-what can go wrong?

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Cyril's picture

Well, yeah... what can possibly go wrong? Nothing!

Well, yeah... what can possibly go wrong? Nothing!

The DJIA is super strong, Dollar the same, NASDAQ the same, all green lights, man! They've fixed '2008 crash, sure, it's just bad memory, now.

We're all good! Plus, it's not like something lasting longer has happened before, c'mon!

http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

UPDATE: US Mint reports soaring GOLD & Silver eagle sales

Silver continues its march towards a record month again while Gold sales surged to what might also be a record month
http://www.usmint.gov/mint_programs/american_eagles/index.cf...

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ecorob's picture

I wouldn't just tell everybody this but...

mercury dimes are 90% silver and a good bargain on ebay right now.

If you can get them for less than 2.00 a piece, or less, jump on it!

Most times they are 2.50 but they will increase in price soon, believe me.

Six moths ago they were 3.00 each, and more.

Go to coinflation.com to see their actual melt value...as of this writing they are 1.67 each and in times of crisis they will each feed your family for one day.

http://goarticles.com/article/The-Historical-Significance-of...

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

ecorob's picture

Just checked with my coin dealer here in Tennessee...

I can buy them all day long at 28.95 + tax so, thats about $32 bucks a piece.

Question? Is that a good deal? I quit buying when they went above $20 as I thought that was too high to buy and I had enough.

I still think I have enough but am interested in the DP community's beliefs.

UPDATE: Looks like my guy is following these prices and pricing his stock accordingly.

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

I bought 100 oz today at $27.15

No sales tax when you spend over $1000, at least in California. Bought at Liberty Coin Galleries in Signal Hill CA. They do have the best prices I've found in Southern CA. They were limiting sales -- I wanted to buy more, but the dealer said he had too much cash in his safe already, and not enough inventory coming in?!? What's up with that?

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...

Cyril's picture

There we go. Uhoh.

There we go. Uhoh.

Thanks for the update.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

The US Mint has updated its sales figures

I wonder how well Provident Metals sales are going

With the Wise Fire fuel they are selling http://www.providentmetals.com/

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April 16: Jm bullion now estimates 15-20 days delay

Up from 15 days amd is selling silver eagles for $31.19

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Does not look like we will

Does not look like we will break January's record of 7 million silver ounces as there probably aren't that many on hand at the mint right now. They had all of 2012's 4th quarter to mint 2013 ASEs and we burned through that fairly quick. The month's rate of sale here on out will be how many they can make in a month and ship to dealers. Hope they have some coolant for those presses...

Southern Agrarian

Maybe not but

The us mint in april will break all april records and month to date will have sold more than any other year

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Cyril's picture

Is it just my impression or has the OP called it right

Is it just my impression or has the OP called it right 3 days ahead?

Rephrased:

does anyone know whether or not one can still buy silver bullion (and more than a couple ounces, of course) in the US with under a two week-long wait for delivery?

Asking genuinely/just curious.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

What is the OP?

I havent found one-maybe bullion direct-it has a low price and says nothing about a delay

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Cyril's picture

The Original Poster is you, I suppose. :)

The Original Poster is you, I suppose. :)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

im bad with abbreviations

Ok i am the OP
Thanks

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took me a while to figure out

took me a while to figure out what the heck people meant by OP, too, lol

Cyril's picture

And same here, matter of fact...

And same here, matter of fact...

... years ago. ;)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

The silver shortage post has been updated

See above for prices and availability as of the evening of April 15

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Recheck all the above silver seller links above

you'll see they all now have delayed shipping dates and the ones that already had delayed shipping dates have extended them

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The silver shortage is here

Check out provident metals-their front page feature product is WISE FIRE- that's right a precious metal seller featuring some type of eco friendly fire
http://www.providentmetals.com/

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Cyril's picture

.

.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius