One Ounce Gold Eagle Suspension Due to Unprecedented Demand - US Mint

Source:

While the Mint's statement does clarify some of the wilder speculation which followed the original suspension of the Gold Eagle sales, nonetheless it does emphasise the huge surge in demand for the U.S. gold coins demonstrating that demand from the coin collector and small gold investor has been very substantial indeed and that sentiment towards gold has not been damaged by the recent price dips. Indeed there is speculation that the publicity regarding the sales suspension has been one of the factors helping the gold price recovery of the past couple of days.

...According to the statement from the Mint, "Because our vendors are not able to supply enough one-ounce gold bullion blanks to meet the unprecedented demand we are experiencing, the United States Mint notified our authorized purchasers on August 14, 2008, that we must temporarily suspend sales of the 2008 American Eagle One-Ounce Coin.

"However, one-half ounce, one-quarter ounce, and one-tenth ounce 22-Karat American Eagle Gold Bullion coins are still available to authorized purchasers and are in stock at the United States Mint. In addition, one-ounce American Buffalo 24-karat gold bullion coins are still available to authorized purchasers and are in stock at the United States Mint."

While the Mint's statement does clarify some of the wilder speculation which followed the original suspension of the Gold Eagle sales, nonetheless it does emphasise the huge surge in demand for the U.S. gold coins demonstrating that demand from the coin collector and small gold investor has been very substantial indeed and that sentiment towards gold has not been damaged by the recent price dips. Indeed there is speculation that the publicity regarding the sales suspension has been one of the factors helping the gold price recovery of the past couple of days.

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