Saturday, October 1, 2011

US Mint Collector Gold Coins and Silver Set Suspensions Return

2011 American Buffalo Gold Proof Coin

The United States Mint prior to the 3-day Labor Day weekend again suspended the sale of several of its numismatic products, including collector gold coins and two of its silver sets.

These products have gone through several suspensions of late due to volatile precious metals prices. Their sales were again halted for that reason.

The United States Mint said the collector gold coins would be placed back on sale after Wednesday's London PM Fix -- the time when the Mint evaluates precious metals prices each week and normally adjusts prices for gold coins, if needed. Affected gold products include:

Seven First Spouse Gold Coins2011 American Buffalo Gold Proof Coin2011 American Eagle Gold Proof Coins (1 oz., 1/2 oz., 1/4 oz. and 1/10 oz. sizes and the 4-coin set)2011 American Eagle Gold Uncirculated Coin

United States Mint commemorative gold coins are still available. The four 2011-dated coins had been halted recently, and then made available on August 25 when a new coin pricing grid was published and commemorative prices increased.

Four silver sets were actually affected. The two 2011-dated silver sets remain available for consumer purchase but they have been suspended from the Mint's bulk purchase program -- a program where qualified dealers can receive a discount when buying numismatic products in certain quantities. The 2010-dated silver sets suspended include:

2010 America the Beautiful Quarters Silver Proof Set2010 Silver Proof Set

These will return after re-pricing or a drop in silver prices.

Unaffected was the 2011 American Eagle Silver Proof Coin. Its price was recently raised $8.50 to $68.45 due, in part, to higher silver prices.

Related posts:

US Mint Suspends Sales of Gold Collector CoinsCollector 2009 Gold Eagle Coins SuspendedTagged as: ,


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