United States Mint Announces ‘Global Silver Shortage,’ Shuts Down Orders for Silver Coins – IOTW Report

United States Mint Announces ‘Global Silver Shortage,’ Shuts Down Orders for Silver Coins

Western Journal

Citing what it called a “global silver shortage,” the U.S. Mint is not going to take orders next month for certain silver coins.

“The global silver shortage has driven demand for many of our bullion and numismatic products to record heights. This level of demand is felt most acutely by the Mint during the initial product release of numismatic items,” the Mint said on its Facebook page.

Demand has led to complications ordering the coins online, the Mint said.

“Most recently in the pre-order window for 2021 Morgan Dollar with Carson City privy mark (21XC) and New Orleans privy mark (21XD), the extraordinary volume of web traffic caused significant numbers of Mint customers to experience website anomalies that resulted in their inability to complete transactions,” the release said.

19 Comments on United States Mint Announces ‘Global Silver Shortage,’ Shuts Down Orders for Silver Coins

  1. I thought the Hunt Brothers were long dead. Plus, I got all sorts of these brass and lead lipstick looking thingy”s that are more desirable then silver and could help get me all the silver I need……AAARRRGH!…

  2. Spot prices are pretty high after a bump over the weekend. Silver is over $28/Toz. and gold over $1,900/Toz.

    Aren’t you glad you bought those Krugerrands 20 years ago when an ounce of gold was in the $400 range? And that $500 face value bag of pre-1965 junk silver? Sweeeeet!

  3. How’s there a “global shortage” when silver’s going for $28/oz and there wasn’t when it was going for $49/oz back when the Hunt Bros. were playing with it?

    I smell BULLSHIT!

    izlamo delenda est …

  4. Most of the worlds shortages are artificially caused by lockdowns and people getting paid to stay at home.

    Toronto is STILL in Lockdown Since December 26th (boxing Day)
    My Fuckin hair is a Brown Joe Dirt Mullet.

    No pussy shaving either. (curbside would be fun to watch though)

    The HVAC Industry is currently experiencing a copper shortage. It would be much worse if it were not that plumbers use plastic based Crimp pipe for water supply now.

    Home Depot, Staples, shoe stores, bike shops, clothing, dishes & Glassware, electronics, are still Curbside only.

    No summer student jobs either.

    As Turdeau/Biden pay people to stay home.

  5. If you have a lot of bank savings, the best thing to do now is buy gold before it reaches $2,100/oz, and to invest in the the Kitco Gold pool. That’s what I would do.

    Wish I had done that many years ago.

  6. I read something to this effect several months ago. Too much “paper” selling and holding by distant brokers. Now people are wanting all that paper converted to physical silver and sent to their homes. Oops! Long on empty promises paper and short on actual physical silver. Brokerages are scrambling to fulfill orders.
    As my budget allows monthly I’ve been buying 1 oz “rounds” from a local coin shop…..with cash.

  7. There’s a silver shortage?
    But the price of silver is miraculously pinned below $28 but a one-ounce Eagle has been over $40 for more than 4 months (if you could get one).

    No widespread evidence of manipulation or fraud to be seen anywhere. Nope, none.


Comments are closed.