For the second time this year the US Mint has halted the sale of Gold Coins offered on its web site as the result of increasing Gold Prices.

On Sept 13, the US Mint suspended sales of the “W” uncirculated gold American Eagles and bulk sales of four-coin gold American Eagle proof sets. These have yet to be re-offered, though new prices were supposed to be published in the Federal Register today, Oct. 11

The most recent suspension of sales came yesterday when all Platinum “W” uncirculated American Eagle coins sales stopped. A message on the US Mint website read: “Due to the increasing market value of platinum, the American Eagle Platinum Uncirculated Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time.” The OLD Price was : $1,489.95

This came on the heels of the 2007 Proof Gold Buffalo Coins sale suspension on Oct 9th. A similar statement read: ” Due to the increasing market value of gold, the American Buffalo Gold Proof One Ounce Coin is temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time.” The OLD price for the Proof Gold Buffalo’s was : $825.95. Gold bullion was trading in the $730s per ounce when Buffalo coin sales were suspended.

The price of gold is up 17 percent this year, heading for the seventh straight annual gain as the dollar dropped to the lowest ever against the euro.

Gold futures for December delivery rose $5.60, or 0.8 percent, to $748.70 an ounce at 11:33 a.m. on the Comex division of the New York Mercantile Exchange. The metal reached $755.70 on Oct. 1, the highest for a most-active contract since Jan. 22, 1980, the day after the price reached a record $873.

Related posts:

1. United States Mint to Offer 2009 American Buffalo Proof Gold and American Eagle Platinum Proof Coins
2. 2007 American Eagle Platinum Proof and Unc. Coins Available July 17
3. 2009 American Buffalo Gold Proof Coin to be Released by U.S. Mint on October 29th
4. U.S. Mint Releases 24-Karat American Buffalo Gold Coins July 22
5. US Mint Resumes Gold Sales but Not Platinum – UPDATE
6. US Mint 2009 One-Ounce Platinum Proof Coin Available December 3
7. 2008 American Eagle Platinum Proof Coins Available May 5th
8. COINS Don’t Put Proof Buffalo Coins in IRAs
9. ICTA Issues Warning on Proof Buffalo Bullion Coins
10. 2007 United States Mint Proof Set® Available Today ! July 19th