The Us Mint has resumed sales of most American Eagle gold coins in both Proof and Unc after having previously suspended sales due to the rising price of gold. Sales have also resumed for the 2007 Buffalo Gold which has seen a price increase from $827.95 to todays posted price of 899.95

The 1oz Proof Gold AE and the 4 coin Proof AE Gold Sets remain unavailable, but a note on the US Mint website says the 4 coin sets are due to start shipping on Oct 30th.

All of the Platinum AE coins remain unavailable for sale with no new notations as to when these will go back on sale.

A statement announcing the resumption of sales of the gold coins, and the new prices, was released Oct. 15:

“The United States Mint temporarily suspended sales of American Buffalo Gold Proof Coins and American Eagle Gold Proof and Uncirculated Coins due to significant increases in the price of gold.

“Gold has been trading near 28-year highs and is at its highest level since 1980.

“Over the last 30 days, the price of gold has risen more than 12 percent.

“Effective October 15, 2007, the United States Mint will commence selling the following 2007 American Buffalo Gold Proof Coins and American Eagle Proof and Uncirculated Gold Coins according to the following price schedule:

American Buffalo Gold Proof Coins
One Ounce Proof Buffalo Coin — $899.95

American Eagle Gold Proof Coins
One-ounce gold coin — Sold out
Half-ounce gold coin — $459.95
Quarter-ounce gold coin — $239.95
Tenth-ounce gold coin — $116.95
Four-coin gold set — $1,695.95

American Eagle Gold Uncirculated Coins
One-ounce gold coin — $831.95
Half-ounce gold coin — $424.95
Quarter-ounce gold coin — $219.95
Tenth-ounce gold coin — $99.95
Four-coin gold set — $1,559.95

Platinum rose to a record in New York today, extending a rally that began in August. Platinum futures for January delivery gained $9.20, or 0.7 percent, to $1,423.40 an ounce on the New York Mercantile Exchange, the highest close ever. The metal earlier reached an intra day record of $1,442.

Gold continued to rise as well, up $8.40 or 1.1 percent for the day at $762.20 an ounce. It traded between $752.70 and $765.50.

With continued upward movement on gold and platinum, do not be surprised to see further suspension of sales in the future, and do not expect to see the Platinum AE come back up for sale until that market settles down.

Related posts:

1. US Mint Halts Sale of 2007 Proof Buffalo Gold and Platinum Coins
2. United States Mint to Offer 2009 American Buffalo Proof Gold and American Eagle Platinum Proof Coins
3. United States Mint Releases Special 10th Anniversary of American Eagle Platinum Coin Set
4. US Mint 2009 One-Ounce Platinum Proof Coin Available December 3
5. Gold American Eagles sales suspended
6. Losing a Mint: Curb on Coin Sales Angers Collectors
7. Classic Head Gold: An Update
8. IMF to raise $12bn through gold sales
9. Gold Coin Sales to End December 31st for 2009 Ultra High Relief Double Eagle
10. Gold edges up; platinum hits record high