The United States Mint has released the preliminary schedule of the 2024 mintage year numismatic products with the anticipated dates of availability. All dates and prices are subject to change by the United States Mint and some on-sale dates may experience delays without prior notice due to limited resources.
For 2023, the US Mint has decided to release only the Burnished Palladium Eagle with an uncirculated finish. The coin is minted at the West Point Mint and is geared towards collectors. According to the Mint, no bullion version will be available this year.
The product release schedule is updated periodically as materials and production capacity adjustments are made by the US Mint. The Mint has provided an update to its 2023 numismatic products launch schedule through the end of November.
The Morgan Silver Dollar production resumed in 1921 for a brief period before being replaced later in the year.
The US Mint is one of the oldest continually operating minting operations in the world and all other mints use variants of the Mint’s processes. The Mint remains one of the world’s largest producer of coins today. Issues related to the production of bullion coins have led to huge increases in Silver Eagle premiums in recent years.
Many investors are looking to buy sovereign bullion coins from other mints. While many are still buying 1 oz silver eagles, some are concerned that the Mint suppliers are also making huge profits from the record high premiums caused by the shortages.
The American Palladium Eagle is the United States Mint’s official palladium bullion coin. The obverse contains a modernized design of Weitsman’s famous Mercury Dime, with Liberty portrayed with her hair tucked back like wings
Keeping up with investors demand has been a difficult task for the US Mint. The pandemic lockdowns caused a total shut down of mint operations, forced mine closures and caused other widespread disruptions throughout industrial supply chains.
Problems for the Mint only got worse as investor demand for bullion investment coins skyrocketed because of the pandemic. For a few months, the minting of Silver Eagle coins was secretly shifted to the Philadelphia Mint for the first time in history as backorders began to pile up.
The US Mint releases proof finish versions of the American Eagle and American Buffalo coins each spring. The coins are meticulously minted to a mirror-like finish which highlights the astonishing details sculpted into each.
Resale premiums on proof finish coins are higher than bullion. Dealer Buyback prices are often a few percent above melt value for coins that are in mint state.
The US Mint continues to be slow and unable to meet investor demand.
The failures of the Mint and their planchet suppliers have led directly to significant increases in dealer premiums in recent weeks. This week, the lowest dealer premium for silver eagles is more than 60% over spot price.
Some dealers, such as APMEX and JM Bullion are currently selling silver eagles with premiums at over 88% above spot price.
New 1 oz Liberty Gold Coin from the US Mint expected to be released this summer alongside 1 oz silver medal.