Interesting how the older gold American Eagles (1oz) are sold out, but the newer ones 2023, 2022, 2021 are not going as fast.
Wonder if people are concerned that they are not quite 1oz of gold.
I saw my first 2023 Quarter yesterday. If you drop it on a hard surface it sounds like a toy. Compare to even 2000s quarters and you’ll hear the difference. I’m waiting for plastic tokens. I remember plastic “food stamp” tokens back in the 80s.
Gold coins slow: A couple of things are noticeable. Probably because gold is 1900 or so/oz. the US mint is pussy footing on how many coins they actually make. It’s a pain in the buttz to buy from them. At the same time, in the past couple years there are a lot of plated copies around. Because they are not legal tender it’s not illegal to make them. But it makes it hard to trust what one might be looking at.
And the same thing with current graded silver coins. With silver at 24.00/oz or so, US Mint production is also really low. As a regular buyer of proof coins it’s been a pain to actually get them. In each case it’s hard to tell what to trust so People are right to be careful.
Most of the lower mintage numbers are in the older issues. There is stronger numismatic demand for those. IIRC, Treasury currently is unlawfully limiting production, between that and current demand this is probably going to level out.
We have more than enough minted to go back to pre 1933 money system backed by gold and silver.