US Mint suspends gold sales (again)
ProofCollection
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US Mint suspends gold bullion coins sale
<< <i>The US Mint’s website said: “Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins in quantities sufficient to meet public demand. >>
<< <i>The US Mint’s website said: “Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins in quantities sufficient to meet public demand. >>
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Comments
<< <i>I'm surprised the Ultra High Reliefs haven't been affected. >>
I wonder if it's because they are 24kt and not 22kt.
<< <i>
<< <i>I'm surprised the Ultra High Reliefs haven't been affected. >>
I wonder if it's because they are 24kt and not 22kt. >>
Yup. Two different sources. The 24K UHR planchets are from the Pert Mint, Australia.
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Edited on 3/18: just received word that my UHR is being shipped.
<< <i>There are definitely delays on the UHRs, but they must not be as significant as on the 22k pieces. I bought an UHR on the first day it went on sale and am still waiting to receive it. >>
That's funny. I bought mine on the 3rd or 4th day they were offered and I got mine last week.
I knew it would happen.
Something's afoot, I think.
The people writing their press releases don't even know their own product line well enough to explain this outage.
Unbelievable. In fact, I really don't believe them.
I knew it would happen.
2009 AGE Coins Suspended
<< <i>There are definitely delays on the UHRs, but they must not be as significant as on the 22k pieces. I bought an UHR on the first day it went on sale and am still waiting to receive it. >>
I bought mine on the second day and it was shipped 2 days ago but has not arrived yet.
<< <i>If the problem is with the 22 karat blanks, why are they suspending all platinum and all gold buffalo production as well?
Something's afoot, I think.
The people writing their press releases don't even know their own product line well enough to explain this outage.
Unbelievable. In fact, I really don't believe them. >>
It's an excellent marketing strategy. The mint is churning out loads of bullion right now. Collectors will be anticipating low mintages of the mints 2009 UNC and proofs and make a killing.
<< <i>If the problem is with the 22 karat blanks, why are they suspending all platinum and all gold buffalo production as well?
Something's afoot, I think.
The people writing their press releases don't even know their own product line well enough to explain this outage.
Unbelievable. In fact, I really don't believe them. >>
not believe your US mint!
Fred, Las Vegas, NV
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Unbelievable. In fact, I really don't believe them.>>
not believe your US mint!
To be sure, I hardly ever believe the US Mint. Only this time, I REALLY don't believe them!
I knew it would happen.
<< <i>has there been any impact on the premium of the gold coins yet? or no impact at all? thanks >>
Premiums in the aftermarket continue to increase. I am unaware of premiums from the mint (to their distributors) increasing.
Loves me some shiny!