Sign of the Times: U.S. Mint Has To Temporarily Suspend Sales of One Ounce Gold Coins Due to Demand

November 25, 2009 2:47 PM EST
The U.S. Mint announces a temporary suspension of sales of 2009-dated one ounce American Eagle Gold Bullion coins due to the continued strong demand for this product.

In a notice to vendors the Mint said, "We will temporarily suspend sales of this product to build up additional inventory. It is expected that sales will resume in early December."

In September and October, 115,500 ounces of American Eagle Gold One Ounce Coins were sold each month. November sales, to date, are continuing strong at 124,000 ounces.

Approximately 1,300,000 ounces of 2009-dated American Eagle Gold One Ounce Bullion Coins have been sold, up 83% compared to 2008-dated coins (710,000 ounces sold).

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