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THE SILVER EAGLE SHUTDOWN: Why Is the U.S. Mint Starving the Silver Market in 2025?

EDITOR'S NOTES

Something stinks in the vaults of the U.S. Mint, and it ain’t just the politics. It’s 2025, and the numbers don’t lie — America’s sovereign silver coin, the one-ounce Silver Eagle, is being systematically choked off. Production is collapsing, and despite a raging silver bull market, the U.S. Mint is barely crawling.

We’re nine months into the year, and they’ve only managed to ship out 8.8 million Silver Eagles. That’s not just low — that’s historically low. Lower than 2008. Lower than 2000. Lower than the dot-com bust. You’d have to dig all the way back to 1999 to find a number that pathetic.

But here’s the kicker: they can make more. They’ve done it before. They’re just choosing not to.

This is financial sabotage — a stealth attack on the people’s money.

Derek Wolfe Sep 24, 25

Confirmed: The Mint Is Holding Back

Let’s start with the receipts. The official U.S. Mint Bullion Sales page confirms:

Silver Eagle sales for 2025 (as of September):
8,818,500 coins sold

Compare that to prior years:

Year	Silver Eagle Sales
2025	8.8 million (YTD)
2024	~15 million
2021	~28 million
2015	~47 million (record high)
1999	~7.5 million

Source: CoinNews.net Historical Mintage Chart

In 2015, the Mint cranked out nearly 4 million coins per month. Today, they’re averaging less than 1 million per month, with no official explanation.

It’s Not a Capacity Problem — It’s a Policy Problem

The U.S. Mint has the ability to produce 5+ million Silver Eagles per month. In fact, during silver demand surges in 2013–2015, they hit those numbers routinely.

So why are they producing less than a fifth of their capability?

A former Mint insider, Jack Surman, dropped bombshell revelations in a three-part interview with Bix Weir. According to Surman:

Mint leadership was ordered to restrict sales of Silver Eagles.
These orders came under Ventris Gibson, a former HR bureaucrat turned Mint Director during the Biden administration.
They ignored statutory law requiring the Mint to meet public demand.

Under 31 U.S. Code § 5112(e), the Mint is legally obligated to strike and sell American Silver Eagles "in quantities sufficient to meet public demand."
Read the law here

Yet today, in a year where silver is exploding above $44/oz, the Mint has delivered the weakest sales numbers in over two decades.

Premiums Are Soaring — and Retail Can’t Get Supply

Because of the shortfall, dealers are once again on allocation — meaning:

They’re receiving limited quantities from the Mint
Premiums are exploding, often $10–15 above spot
Some retailers report delays, rationing, or outright unavailability

This is not a demand problem. This is a distribution chokehold by design.

Don’t take my word for it. Take a look at the Mint’s own statement:

“American Eagle Bullion Coins are sold through a network of authorized purchasers. Demand may exceed supply during periods of market volatility.”

That’s government-speak for: you can’t have any.

Meanwhile, COMEX Is Being Drained

While the Mint holds back physical coins, delivery requests on the COMEX silver futures market are exploding.

Expected September delivery: ~45 million ounces
Actual delivery: Surged to over 70 million ounces
Morgan Stanley: Paid out a record 15+ million ounces
JPMorgan “Customers” took 40 million ounces — shell games?

Verified source: CME Group – Historical Delivery Notices

This is a full-blown physical squeeze — and it’s escalating.

If You Hold ETFs or Mining Stocks, Read This Twice

While premiums on physical silver skyrocket, ETFs like SLV continue to trade at discounts to NAV — meaning the paper market is decoupling from the real thing.

And those mining stocks you're holding? When the collapse hits, you won't be handed silver bars — you'll get paper shares in bankrupt companies, held hostage in nationalized mines.

Just ask anyone who held gold mining stocks in Venezuela. Or Zimbabwe. Or Peru.

Distraction Tactic: The Asteroid Gold Narrative

NASA and its buddies are now pushing stories about space mining — like the recent “Psyche mission” that supposedly targets an asteroid with $10 quadrillion in metal.

Sounds like sci-fi? That’s the point.

It’s cover — an excuse to introduce unbacked “new gold” into the system and blame it on a space rock.

Clif High, October, and the Death of the Dollar?

Analyst Clif High has long warned of emotional and financial “turning points” via his Webbot linguistic analysis. His latest data shows:

A massive spike in emotional tension peaking in early October 2025
Tied to bank instability, government shutdown threats, and mass retail awakening

And what a coincidence: Congress is again on the brink of a shutdown over funding wars and foreign bailouts — while Americans can’t even get coins from their own Mint.