American Eagle Silver Dollar collectors are angry. And with good reason. In March, the mint of the United States suddenly stopped taking orders for silver bullion coins. And in late May, has imposed limits on the purchase of its 13 authorized buyers worldwide.

The U.S. Mint has limited silver purchases before the end of 1990. Investors loaded on the precious metal, fearing that the economy would be paralyzed by the inability of computers’ to adapt to the new millennium. The U.S. Mint said the rationing as a necessary decision, due to unprecedented demand for silver American Eagles.

In 2008, the U.S. Mint has sold 6.8 million American Eagle Silver Coins. This is twice the amount that was sold in 2007. In March alone, sales of silver eagles has risen to € 1.85 million, nine times the amount sold during the month of February! Clearly, the mint of the United States miscalculated the strength of the silver bull market and the demand for American Eagle Silver Dollar coins.

But what has caused this unprecedented demand for these silver bullion coins? Here are some possible reasons:

The silver price is rising. On 3 January 2000, the first trading day of the new millennium, the spot price of silver traded at $ 5.41. Recently, the spot price of silver has traded as high as $ 20 an ounce, a 386 percent return on investment!
Traditionally, more silver is mined every year than gold. Therefore, silver is much cheaper and more convenient for individual collectors to buy gold.
The American Eagle silver coin is the only American silver coin that can be invested in an IRA. Therefore, the purchase of Silver Eagles are a popular way for a small investor to participate in the bull market in silver.

But this increase in demand is the only reason for the rationing of Silver Eagle coins these?

Rumor Has It that the U.S. mint ran out of logs used to create coins. A Planchet, or vacuum as they are sometimes referred to, is a round metal disk that is ready to be struck into coins. These logs are used to create other coins and Silver American Eagles, and the companies producing the blanks are busy, limiting the offer received from the U.S. Mint.

The Silver Institute, a nonprofit industry association based international in Washington, DC, wrote a letter to U.S. Mint Director, urging him to take immediate steps to increase production of the popular Silver Eagles. With silver bullion on the rise, the Silver Institute asked the U.S. Mint to consider alternative methods to streamline the production process of the American Eagle Silver Dollar coin.

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