American Eagle Silver Coins Suspended
Before they even went on sale, uncirculated and proof 2009 American Eagle Silver Coins are temporarily suspended, according to a new United States Mint statement at its online store.
The popular silver coins are minted specifically for collectors, bearing the “W” mintmark to denote their striking at the Mint’s West Point facility.
2009 dollar coins are on hold for the same reasons sales of American Eagle Silver coins were canceled in 2008 (”unprecedented demand”) and the Mint’s need to focus on bullion versions of the coin, without “W” mintmark; bullion versions are intended for investors, although coin collectors buy them as well.
By law, the United States Mint is required to produce bullion versions in sufficient quantities to meet public demand. The collector proof and uncirculated versions, therefore, take a back seat when the Mint’s silver blank inventory is low or depleted.
Blazing hot Lincoln Silver Dollar sales likely account for snapping up a portion of the inventory normally used for silver eagles.
The following is the statement located on the Mint proof and uncirculated silver eagle pages:
Production of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Currently, all available silver bullion blanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand…”
The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products.
2008-W uncirculated American Eagle silver coins are still available from the Mint as part of the Annual Uncirculated Dollar Coin Set for $37.95.
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