US Mint Unable to Meet Surging Demand for Gold, Silver Bullion Coins

US Mint Unable to Meet Surging Demand for Gold, Silver Bullion Coins
A quality control agent examines a 2013 enhanced silver eagle silver coin at the United States West Point Mint facility in West Point, N.Y., on June 5, 2013. Shannon Stapleton/Reuters
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NEW YORK—The United States Mint stated it was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues.

Sales of U.S. gold bullion coins rose 258 percent in 2020 while silver coin demand was up 28 percent, the U.S. Mint stated on Feb. 2. Heavy buying has continued in 2021, it said, squeezing supplies, which had already been tight as the coronavirus affected production.