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Mint resumes gold coin sales with new prices

The U.S. Mint resumed sales of American Eagle and American Buffalo gold coins Monday, Oct. 15, at new prices.

Some of these had been off sale since Sept. 13.

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

Readers may recall that the “W” uncirculated gold American Eagles and bulk sales of four-coin gold American Eagle proof sets were taken off sale Sept. 13 by the Mint.

The old price for the one-ounce gold proof was $825.95 each. Gold bullion was trading in the $730s per ounce when Buffalo coin sales were suspended. On Oct. 15, gold was trading up into the $750s, closing for the day at $757.10.

Uncirculated ?W? mintmarked platinum American Eagles remained unavailable. They had gone off sale Oct. 10. Also put on hold that day were bulk sales of platinum Eagle four-coin proof sets.

Platinum?s per-ounce international market price closed at $1,423.40 Oct. 15.

For updates on Mint bullion sales, check out numismaticnews.net.

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