Supplies dwindle at year end
Precious metal purchasers are continuing to run the Mint on a merry chase.
Supplies of U.S. Mint bullion coins have gotten even tighter, with just two coins remaining available, the one-ounce American Eagle gold coin and the one-ounce American Eagle silver coin.
Yesterday, the Mint sent a memorandum to its authorized purchasers to explain what will happen as the year comes to a close and the New Year’s demand begins. It follows below:
November 24, 2008
MEMORANDUM TO ALL AMERICAN EAGLE AND AMERICAN BUFFALO BULLION COIN AUTHORIZED PURCHASERS
SUBJECT: 2008 and 2009-Dated Bullion Coin Products
With the exception of the American Eagle Gold One-Ounce and American Eagle Silver One-Ounce Bullion Coins, all 2008-dated bullion coins have been depleted. Weekly allocations will continue for these two products.
The final 2008 allocation for these coins will be provided on Monday, December 15, 2008.
There will be no bullion allocations during the week of December 22, 2008.
2009-dated American Eagle Gold One-Ounce and American Eagle Silver One-Ounce Bullion Coins will be made available for sale via the standard allocation process on Monday, December 29, for pricing December 30 and order pick-up on Friday, January 2, 2009.
Allocations for these products will continue until the United States Mint is able to meet demand.
The quantities of blanks that we have been able to acquire from our suppliers continue to be very limited, while demand for bullion coins remains high. As a result, it is necessary for the United States Mint to delay the launch of other bullion coins until later in 2009. We will continue to monitor the situation and keep you informed as additional information becomes available.
Thank you for your patience and your continued support of the United States Mint Bullion Coin Program.
Greg Hernandez
Public Affairs Deputy Director
United States Mint
(202) 354-7207
www.usmint.gov
