This makes them more widely available than the high-demand Eagles. Mint, while silver bars are produced by any mint, private and otherwise. Silver Eagles are only produced by the U.S. For one, they are valued and priced at only their silver value, whereas Eagles face government markups since they’re government-backed. Silver bars are very different from Silver Eagles in several ways. In addition, these rectangle-shaped metals can be easily stacked and stored away with ease. Silver bars are ideal for investors who want to buy as much silver as their budget allows because they offer the lowest premium over spot. If you are looking for the best bang for your buck, there are other more affordable silver investment options to consider. High premiums may be a non-starter for value-oriented investors or stackers. This could be an excellent time to purchase Eagles from the years the Mint is on allocation despite our expectation that premiums will remain high. As the years pass by, it will be more and more difficult to get your hands on a 2023 Eagle. Eagles dated 2023 are likely to be more valuable because of their scarcity. We expect supply challenges to persist through 2023 for the American Silver Eagle program. There is only one supplier of silver blanks for silver Eagles today, compounding the problem. With difficult-to-meet requirements and economic incentives to sell silver elsewhere for higher profit, sourcing additional suppliers have been challenging for those in charge of the silver Eagle program. Signing on with the Mint might mean they lose out on potential profits they could make elsewhere. When demand is high, it can be difficult for suppliers to bind themselves to a long-term agreement when they can earn more money selling silver elsewhere. Mint entered into long-term agreements with select suppliers, offering fixed prices for the necessary blanks. Outsourcing silver blank manufacturing was deemed the most cost-effective approach.
Mint has restructured its operations so that they are more efficient and save money. Since Silver Eagle demand has its ups and downs the U.S. The Mint quickly realized that manufacturing these items internally was not a viable financial option so they now must purchase them from other mints at a set cost. Mint has been directed by the government to procure blanks or planchets from an approved third-party provider. Mint has made a strategic move to produce fewer coins than usual – and there is a good reason behind this decision. As the demand for Eagles skyrockets in 2022, the U.S. Unfortunately, these high premiums are expected to remain through 2023. Over the past two years, Silver Eagle collectors have been hit hard with rising premiums.
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