2012 Bullion American Silver Eagles Released

in American Silver Eagle News

The United States Mint today, January 3, began accepting orders from its Authorized Purchasers, or AP’s, for its 2012 bullion coins, including its American Silver Eagles.

The United States Mint does not sell bullion products directly to the public, but instead uses a network of AP’s who purchase the coins for a small amount over their precious metal content and then resell them to others. In the case of American Silver Eagles, the United States Mint charges a $2 premium above spot.

Since an amount of 2011-dated American Silver Eagles remain, the Mint needs to sell them as well. As a result, they will be sold with the new issues.

"Any remaining inventory of 2011-dated coins going into January 2012 will be sold on a 4:1 ratio basis when ordering 2012-dated American Silver Bullion Coins," the United States Mint stated in a memorandum sent to its AP’s December 28.

While orders are being accepted for this year’s, it will take some time before they hit the market since AP’s can not get them until Friday at the earliest.

"There will be no early pick-ups that week. All coins ordered on Tuesday, January 3, will be available for pick-up on Friday, January 6," the Mint stated.

The bullion American Silver Eagles will not be rationed as they have in recent years, as the Mint indicated they have "sufficient quantities of all coins available." Enormous demand in the past resulted in an allocation system where AP’s were limited in the number they could order, depending on the Mint’s inventory.

No release details have been offered yet for the collector versions of the 2012 issues in proof and uncirculated qualities. The 2011-proof Eagles sold out last year. The Mint continues to offer the 2011 Uncirculated American Silver Eagle for $45.95. Its price was reduced Tuesday, December 27, as a result of falling silver prices.

This Tuesday, the United States Mint also started accepting orders for its 2012 Bullion American Gold Eagles, including the fractional one ounce, half-ounce, quarter-ounce, and tenth-ounce sizes. To help reduce its inventory of the 2011-dated versions, the Mint is offering AP’s a discount on the one-half ounce and quarter-ounce versions.

"The United States Mint sells the one-half ounce and one-quarter ounce gold bullion coins at premiums of 5% and 7%, respectively. The 2011 dated one-half ounce gold bullion coins will be offered for sale at a 2% premium, and the 2011 dated one-quarter ounce bullion coins at a 3% premium," the Mint explained.

The one ounce and one-tenth ounce issues are being sold on a 4:1 ratio basis like the American Silver Eagles until they sell out. Their premiums remain the standard 3% and 9%.

The Mint said it expects to offer the 2012 Bullion American Buffalo Gold pieces in March.


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