Gold climbed to its newest 28 year high Monday, November 5. It reached $814.20 on the New York Mercantile Exchange and finally settled to $810.80 an ounce.
Similar to their very first suspension on September 13, the U.S. Mint listed below each of their American Eagle Gold uncirculated products (one ounce, one-half ounce, one-quarter ounce, one-tenth ounce and four-coin set) the following statement:
"Due to the increasing market value of gold, the American Eagle Gold Uncirculated Coins are temporarily unavailable while pricing for this option can be adjusted; therefore, no orders can be taken at this time."
The last time the Mint suspended the American Eagles Gold sales, they were unavailable for over a month. The suspension was finally lifted October 15.
How long they’ll be unavailable this round only the Mint knows. Perhaps they’ll finally initiate a system where the price of their bullion coins can fluctuate with the daily bullion market and stoppages become mute. A continual stop and go product policy isn’t very conducive to maintaining a trusting customer base.
At the time of this writing, the Mint’s proof gold coins – American Eagle and Buffalo – are still available for sale.