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US Mint Suspends Sale of Gold and Silver Eagle Bullion Coins
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The US Mint has suspended sales of one-ounce silver and gold bullion American Eagle coins! Sales have been so strong that the reserves have run out, the Mint announced in a memo to their authorized bullion purchasers today:
The United States Mint has depleted its current inventory of 2009 American Eagle 1-0unce gold bullion coins due to the continued strong demand for this product.
Last year the US Mint took similar measures when faced with an avalanche of demand for bullion and suspended production of fractional gold coins. The Mint is attempting to find enough gold blanks to manufacture more coins to satiate investors.
A number of coin shops have reported difficulty finding gold Krugerrands this month as bullion demand skyrockets, and the South African government is shipping more.
Published on November 25, 2009 · Filed under: Gold Coins; Tagged as: bullion coins, Gold American Eagle, Silver American Eagle, US Mint
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Eagle_Bullion_Coins