![]() ![]() Mint have more of an incentive to stick to minimum contract requirements so they can meet obligations to other-oftentimes more profitable-clients. This is good news, but there’s one significant potential problem: private companies working with the U.S. ![]() Mint was able to negotiate an increase in its supply of silver blanks to boost the production of American Eagle coins. Mint makes the bulk of its profits from its popular line of American Eagle coins, which are sold to authorized dealers. Negotiating to Keep Popular Items Available Mint receives the lowest base amount of silver required by the contracts they have with various silver suppliers. Numismatic News points out third-party suppliers are, in some instances, only able to meet minimum delivery requirements. When silver is in high demand, such as what’s common during times of economic uncertainty, third-party suppliers sometimes have difficulty producing enough physical silver. The problem with relying on outsourced silver is those suppliers have other clients and markets to cater to as well. Mint has primarily outsourced its silver purchases to trim costs. It’s not known exactly when this first happened, but for the last several years, the U.S. Mint is also permitted to offset any shortages with purchases from commodity exchanges. Mint is required to make physical purchases from mining companies based in the United States. Mint are largely guided by federal legislation passed in the 1980s. Gold and silver coin programs involving the U.S. Supplementing Shortages with Commodity Exchange Purchases The precious metals experts from First National Bullion, San Diego collectors’ premier choice for high-quality gold and silver, explore this topic below. ![]() Mint has confirmed having some difficulty obtaining sufficient physical silver, steps are being taken to deal with this concern. With the United States Mint, this was the news reported earlier in 2022 by Numismatic News and other sources. Supply shortages are having an impact on many things these days, including the ability to produce officially minted physical silver. ![]()
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