Mint Stops Production of Two
2008 Gold Coins
The United States Mint halted production and
will no longer ship 2008 one-half ounce and
one-quarter ounce American Eagle gold coins to
authorized dealers, it was announced Monday.
Additional gold and platinum coins will be
halted when their blank inventories are
"Due to the extreme fluctuating market
conditions for 2008, as well as current market
conditions, gold and silver demand is
unprecedented and the demand for platinum is
unusually high," the U.S. Mint said in a
"The U.S. Mint has worked diligently to attempt
to meet demand, however, blank supplies are very
limited and it is necessary for the U.S. Mint to
focus remaining bullion production primarily on
American Eagle Gold one-ounce and Silver
one-ounce coins," the Mint said.
The Mint suspend American Eagle one-ounce gold
coins back on August 17 to their network of
authorized dealers. Less than a week later,
those sales resumed, but on an allocated basis.
On September 25, the Mint suspended American
Buffalo one-ounce bullion coins to dealers due
to demand. Production will soon end for them as
"Inventory was depleted and sales were suspended
in late September. More coins will be produced
based on current blank supplies, however, once
that remaining inventory is depleted, no more
coins will be produced for 2008. You will be
notified when these are available for sale,” the
2008 platinum coins face the same picture.
"All denominations were depleted last week. More
coins will be produced based on current blank
supplies, however, once that remaining inventory
is depleted, no more coins will be produced for
2008. You will be notified when these are
available for sale," the Mint said.
Physical demand for gold and bullion coins has
risen sharply of late, as investors seek the
yellow metal as a safe haven purchase during
times of financial uncertainly.
Gold coins sold directly to collectors are still
available. Fractional proof and uncirculated
collector American Buffalo and American Eagle
gold coins are presently listed for sale on the