No silver Eagle rationing. Fractional gold Eagles at a discount. What’s gotten into the U.S. Mint in 2012?
No rationing will be required for silver American Eagle one-ounce bullion coins – at least as it applied to initial orders for 2012-dated coins that were to be delivered to Authorized Purchasers Jan. 6, 2012.
For much of the time since the financial crisis of 2008, demand for silver Eagles has run ahead of supply. To fairly distribute what it produced, the Mint used an allocation system, which is another term for rationing.
The most recent allocation system ended Aug. 8, according to the U.S. Mint.
In fact, the Mint has a surplus of 2011 coins. APs were to take any remaining supply of 2011-dated silver bullion Eagles at a ratio of 4:1, or one old Eagle for every four new ones ordered for delivery in early 2012.
The Mint has such a large supply of 2011 half-ounce and quarter-ounce gold Eagles that it will discount them. The premium’s charged were to be lowered to 2 percent and 3 percent, respectively, compared to the usual 5 percent and 7 percent.
Remaining 2011 tenth-ounce gold Eagles were to be sold to APs at the same 4:1 ratio as applied to the remaining 2011 silver Eagles.
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2012 Buffalo gold bullion coins will not be available until March. Supplies of 2011 coins were still available as 2011 ended.
See Mint Statistics for the latest Eagle sales figures.