(Natural News) The United States Mint delayed pre-sales of its non-circulating silver coins amid a global silver shortage. In a statement on May 27, the bureau said that its supply of silver blanks is not able to keep up with the demand for its coins.
“The Mint is being impacted by silver blank shortages among its suppliers. The demand for many of our bullion and numismatic products is at record heights and increasingly outpacing the supply of silver blanks available through our suppliers,” the Mint said in a Facebook post.
Silver demand has been rising over the past several months after a decline last year during the height of the COVID-19 pandemic. Early last month, silver spot prices increased by 74 percent from a year ago, outperforming gold prices which rose only by 6.4 percent in a year, CNBC reported.
The Mint said that huge demand drove an “extraordinary” volume of traffic to its website during the pre-order window for the 2021 Carson City Morgan dollar and the 2021 New Orleans Morgan dollar. This caused the website to choke, and as a result, a lot of customers were not able to complete their transactions.
“Another government agency run poorly! I got through three times, got to the finalize order, and all three times, the system crashed!!!!! And I was ordering just one of each. I GUESS THE BIG BUYERS HAVE NO PROBLEM?” one person commented.
The Mint postponed the pre-order launch dates of June 1 and June 7 for the four remaining 2021 Morgan and Peace silver dollars to fix the glitch.