Saturday, October 11, 2008

APMEX NEWS BLOG ON MINT SUSPENSION OF GOLD EAGLES

http://apmexdealer.blogspot.com/2008/10/us-mint-halts-gold-and-platinum.html The US Mint memo reads: October 6, 2008 MEMORANDUM TO ALL AMERICAN EAGLE AND AMERICAN BUFFALO AUTHORIZED PURCHASERS SUBJECT: 2008-Dated Bullion Products 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 United States Mint has worked diligently to attempt to meet demand, however, blank supplies are very limited and it is necessary for the United States Mint to focus remaining bullion production primarily on American Eagle Gold One Ounce and Silver One Ounce Coins.For the remainder of 2008 bullion inventory, the following will apply: American Eagle Gold Bullion Coins One Ounce Coins will remain on allocation each week. Allocation amounts are based on available quality blanks each week.One Half Ounce Coins: Inventory was depleted last week. No more coins will be produced for 2008. One Quarter Ounce Coins: Inventory was depleted last week. No more coins will be produced for 2008. One Tenth Ounce Coins: Inventory was 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. American Buffalo One Ounce Bullion Coins 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. American Eagle Silver One Ounce Bullion Coins American Eagle Silver One Ounce Coins will remain on allocation each week. Allocation amounts are based on available quality blanks each week. American Eagle Platinum Bullion Coins 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.We will keep you updated as more information becomes available. SEE URL LINK for entire article