Wednesday, November 25, 2009

US Mint Runs Out of Gold Coins - Again!

Ever wonder why the U.S. Mint is always running out of inventory? It seems really strange especially when other mints, the Canadian for example, don't seem to have such what gives? We don't have the answer but would sure like to hear from our readers. Send us your thoughts at
The U.S. Mint said Wednesday it will suspend sales of the popular American Eagle 1-ounce bullion coins as rising demand depleted its inventory. "The United States Mint has depleted its current inventory of 2009 American Eagle 1-ounce gold bullion coins due to the continued strong demand for this product," the Mint told its authorized dealers in a memorandum on Wednesday. November sales to date were at 124,000 ounces, higher than the 115,500 ounces sold in each month of September and October, the Mint said.

Read the entire article here

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