The United States Mint has announced the release date for the 2011 Silver Eagle bullion coins. Authorized purchasers will be allowed to begin placing orders for coins bearing the new date from January 3, 2011. The release of each year’s coins is an event eagerly awaited by many collectors.
Under the typical procedures of the bullion program, authorized purchasers place orders for the coins in bulk quantities based on the market price of silver plus a fixed mark up. The coins are then resold to a multitude of other coin dealers, bullion dealers, and the public. This system is believed to be the most efficient means for widespread distribution.
Inventories of 2010-dated coins will likely remain, so authorized purchasers will be required to take some of the older dated coins for quantities of the 2011 Silver Eagles ordered.
This year’s release date takes place earlier than last year, another sign that the US Mint is catching up with bullion demand and bringing things back to a state of normalcy– even amidst continuing high demand.
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