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U.S. Mint sold out of silver coins due to strong demand
Tuesday, July 7, 2015
The U.S. Mint said on Tuesday it temporarily sold out of its popular 2015 American Eagle silver bullion coins due to a "significant" increase in demand, the latest sign that plunging prices have spurred a resurgence of retail buying.
In a statement sent to its biggest U.S. wholesalers, the Mint said its facility in West Point, New York, continues to produce coins and expects to resume sales in about two weeks.
This is the second time the mint has sold out of silver coins in the past nine months. It ran out of 2014-dated American Eagles in November last year.
In 2013 the historic drop in precious metals prices unleashed a surge in global demand for coins, forcing the mint to ration silver coin sales for 18 months. ...
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