Sep 14, 2007

Mint suspends gold coin sales pending price increase

Gold American Eagle Sales Suspended

From Numismatic News, Cincinnati, Ohio
Thursday, September 13, 2007

Sales of some 2007 gold American Eagles were suspended by the U.S. Mint late Thursday, Sept. 13, due to the rising price of gold bullion on international markets.

Uncirculated American Eagles with the "W" mintmark went off sale with the expectation they would be repriced and returned to the market on or after Sept. 27, according to the U.S. Mint.

The $749.95 price for the one-ounce coin was barely above the highs reached by gold bullion this week.

Also suspended were bulk sales of four-coin sets of proof 2007 gold American Eagles. These sell at a discount to bulk dealers. Sales of individual gold American Eagle proof sets to collectors continue at the $1,499.95 price.

The mint will honor all orders for which confirmations have been received by bulk dealers.

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