What problem is affecting all of the world’s major mints right now?

I wrote to you recently about how investors could be turning to silver as prices remained at their lowest point for years and the signs were that supply was not keeping up with demand.

You can read the article here.

Now comes the news from Reuters (New York) that the world’s major mints are struggling to keep up with demand for silver coins.

The Canadian, Austrian and Perth Mints are all currently rationing sales of silver bullion coins and here in the UK the Royal Mint has seen a 600% increase in sales this year for the silver 1oz Britannia coin.

The US Mint sold over 14 million ounces of American Eagle silver coins last quarter – the highest since records began in 1986 and they are paying staff overtime at the famous West Point facility in New York to meet demand.

lrm silver 5oz - What problem is affecting all of the world’s major mints right now?
The limited edition silver proof coin released to mark the Queen becoming our longest reigning monarch

That demand is almost universal, with mints reporting strong sales to North America, Europe and Asia.

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You can combine the high demand in silver with the most popular collecting theme right now with a limited edition 5oz silver proof coin produced to celebrate Her Majesty becoming our longest reigning monarch.

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