Coins Remain, 2009 Launches Delayed
High demand has depleted all but
the American Eagle Gold and Silver one-ounce
coins from its 2008-dated bullion coin
inventory, the United States Mint told
authorized dealers in a memo Monday. Further,
the Mint said it will delay the launch of other
bullion coins until later in 2009, citing
difficulties in acquiring blanks.
"The quantities of blanks that we have been able
to acquire from our suppliers continue to be
very limited, while demand for bullion coins
remains high. As a result, it is necessary for
the United States Mint to delay the launch of
other bullion coins until later in 2009. We will
continue to monitor the situation and keep you
informed as additional information becomes
The Mint said its final 2008 bullion allocation
for dealers will occur on Monday, December 15.
It will then begin selling 2009-dated American
Eagle Gold One-Ounce and American Eagle Silver
One-Ounce Bullion Coins on an allocated basis on
Monday, December 29.
The coins in question are the non collector
bullion versions the Mint provides to its select
dealers who distribute the coins worldwide.
However, its 2008-dated proof and uncirculated
collector coins sold directly to the public are
also quickly becoming exhausted, as is evident
from the chart of gold and platinum coins listed
on U.S. Mint Collector Bullion Coin Prices,
Premiums and Sales Figures.
Physical demand for bullion coins has been high
this year driven by volatile precious metal
prices and investors seeking refuge into
physical assets like silver, gold and platinum.
Many times finding bullion coins and bars to buy
has been difficult at best.
The United States Mint has been unable to
weather the storm, having to allocate shipments
and suspend or cut off certain coin sales this
year. It is not alone. The Perth Mint of
Australia announced Friday it would suspend gold
orders until January.