U.S. Mint temporarily sold out of Silver Eagles
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Posted On: 11/06/2014 3:21:56 PM
U.S. Mint temporarily sold out of Silver Eagles amid huge demand
Reuters
November 5, 2014 1:23 PM
By Frank Tang
NEW YORK, Nov 5 (Reuters) - The U.S. Mint said on Wednesday it has temporarily sold out of its American Eagle silver bullion coins following "tremendous" demand in the past several weeks.
In a statement sent to its biggest U.S. coin wholesalers, the U.S. Mint says it will continue to produce 2014-dated coins. The Mint will advise when additional inventory will become available for sale without providing further details.
The announcement has not been made available to the public, but a U.S. Mint spokesman confirmed that it has sent the statement to its authorized participants.
A sharp break in gold prices to their lowest in more than four years last week has unleashed a surge in demand for silver and gold coins in North America and Europe.
(Reporting by Frank Tang; Editing by Nick Zieminski)
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