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Tuesday, 14th July 2009 (1357 views)

The US Mint has been forced to temporarily halt sales of some of its gold coins due to soaring demand for the precious metal.

A shortage of the gold blanks required to produce many of the mint's gold coins has also contributed to the suspension, the mint says.

Among the coins affected are the 2009 American Buffalo One-Ounce Gold Proof and the American Eagle Gold Proof.

The online catalogue listing for the American Buffalo Gold Proof includes a note stating: "Production of United States Mint 2009 American Buffalo Gold Proof coins has been delayed because of the limited availability of 24-c gold blanks."

Meanwhile, another note elsewhere on the website says that the production of American Eagle Gold Proof and uncirculated coins has been suspended due to "unprecedented demand" for the former.

Speaking to Mineweb, US Mint spokesman Michael White said that refiners were operating around the clock in an attempt to meet increasing demand for gold blanks.

 

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