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Economy, Precious Metals

“Global Silver Shortage: No More Orders at the US Mint”

“Citing what it called a “global silver shortage,” the U.S. Mint is not going to take orders next month for certain silver coins. “The global silver shortage has driven demand for many of our bullion and numismatic products to record heights. This level of demand is felt most acutely by the Mint during the initial product release of numismatic items,” the Mint said on its Facebook page. Demand has led to complications ordering the coins online, the Mint said.

“Most recently in the pre-order window for 2021 Morgan Dollar with Carson City privy mark (21XC) and New Orleans privy mark (21XD), the extraordinary volume of web traffic caused significant numbers of Mint customers to experience website anomalies that resulted in their inability to complete transactions,” the release said.

“In the interest of properly rectifying the situation, the Mint is postponing the pre-order windows for the remaining 2021 Morgan and Peace silver dollars that were originally scheduled for June 1 (Morgan Dollars struck at Denver (21XG) and San Francisco (21XF)) and June 7 (Morgan Dollar struck at Philadelphia (21XE) and the Peace Dollar (21XH)),” the release said.

The Mint said that canceling those June dates will give it “the time necessary to obtain web traffic management tools to enhance the user experience.” The Mint cautioned that buyers face stiff competition. “As the demand for silver remains greater than the supply, the reality is such that not everyone will be able to purchase a coin,” the release said…”

https://gsiexchange.com/global-silver-shortage-no-more-orders-at-the-us-mint/

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