The United States Mint halted production and will no longer ship 2008 one-half ounce and one-quarter ounce American Eagle gold coins to authorized dealers, it was announced Monday. Additional gold and platinum coins will be halted when their blank inventories are depleted.

"Due to the extreme fluctuating market conditions for 2008, as well as current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high," the U.S. Mint said in a memorandum.

"The U.S. Mint has worked diligently to attempt to meet demand, however, blank supplies are very limited and it is necessary for the U.S. Mint to focus remaining bullion production primarily on American Eagle Gold one-ounce and Silver one-ounce coins," the Mint said.

Read the rest of this entry »

The Royal Canadian Mint has been able to sustain its inventory of gold coins, unlike the U.S.Mint, as physical demand for gold has surged in September due to volatile markets and financial uncertainty.

The U.S. Mint suspended one-ounce Buffalo gold coin sales to authorized dealers Thursday when demand exceeded supply. For the same reason in August, the Mint had to suspend and then resumed one-ounce American Eagle gold coin sales to dealers on an allocated basis.

The Royal Canadian Mint has not turned away buyers this year. Nor has it plans to do so — to the contrary of reported market talk.

Read the rest of this entry »

The United States Mint has temporarily suspended sales of American Buffalo one-ounce bullion coins to their network of Authorized Purchasers, it was announced Thursday.

"Demand has exceeded supply for American Buffalo 24-karat gold one-ounce bullion coins, and our inventories have been depleted. We are, therefore, temporarily suspending sales of these coins," the Mint said in a memorandum.

Read the rest of this entry »

The first sales figures from the United States Mint are in for 2008 fractional Buffalo gold coins. In total, a solid 67,331 of the new fractionals have been sold.

The 24 karat gold coins were once offered in one-ounce proof versions only.

On July 22, the Mint expanded the product line by issuing fractional denominations of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz weights and in both proof and uncirculated.

The 1/10 ounce gold sizes are proving to be the most popular coins. Their lower prices have helped sales even though the Mint charges higher premiums for these smallest coins.

The following tables highlight uncirculated and proof Buffalo coin sales figures:

Read the rest of this entry »

U.S. Mint Director Ed Moy treated the press to a golden experience today by providing a glimpse inside the United States Mint at San Francisco to behold the new gold, two-coin 8-8-08 Double Prosperity Set.

The set includes two gorgeous uncirculated one-half ounce gold coins — the 22-karat American Eagle and the 24-karat American Buffalo. Both are packaged within an "elegant hardwood box."

“The 8-8-08 Double Prosperity Set presents a once-in-a-lifetime opportunity for coin collectors and the general public," said Directory Moy. 

"The date 8-8-08 (August 8, 2008) occurs only once every 100 years.  To mark this occasion, this is also the first time the United States Mint has paired two gold coins in custom-designed packaging, making this set a unique product for the Asian-American community.”

Read the rest of this entry »

The United States Mint today announced the introduction of a new coin product named the 8-8-08 Double Prosperity Set. The set includes two, uncirculated one-half ounce gold coins — the 22-karat American Eagle and the 24-karat American Buffalo.

The two-coin set is priced at $1,298.95, and will go on sale at the Mint’s online website on August 1, 2008 at noon (ET).

The prosperity set is the second offering in the United States Mint Celebration Series, which is an experimental program to explore the viability of coins "that are packaged and positioned to celebrate special gift-giving occasions and celebratory events."

The Mint’s first product in the series was launched in February to celebrate the 2008 Lunar New Year with an American Buffalo 2008 Celebration Coin.

Read the rest of this entry »

The United States Mint announced today the release date for 24-karate fractional American Buffalo Gold coins. Since 2006, the Mint has only issued proof, one-ounce coins in fine .9999 gold.

On Tuesday, July 22, the Mint will offer Buffalo proof and uncirculated coins in fractional weights of one ounce, one-half ounce, one-quarter ounce and one-tenth ounce.

The will also offer a set including all four coins. In affect, the new offerings follow the Mint’s American Eagle Gold coins program.

Gold Coin Sizes/Weight, Face Value and Prices

The following table provides a list of the Mint’s upcoming American Buffalo coin sizes and prices.

Read the rest of this entry »

The United States Mint pulled the trigger this afternoon in announcing a sale date of July 15 for fractional American Buffalo gold coins, and then just as quickly snuffed the message.

Currently, the U.S. Mint offers only proof one ounce American Buffalo gold coins. The Mint sent out a message through its press release RSS feed indicating American Buffalo gold coins in proof and uncirculated versions would be sold July 15 at noon (ET) in the following sizes:

• one ounce,
• one-half ounce,
• one-quarter ounce.
• one-tenth ounce, and
• a four-coin set which contains one coin in each size.   

Essentially, the Buffalo gold coins will be sold similar to American Eagle Gold coins.

Read the rest of this entry »

The United States Mint has increased the price of the 2008 American Buffalo Celebration Coin.

The 24-karat buffalo coin first went on sale February 5 for the price of $1,018.88. The new price has been adjusted upward by $100 to $1,118.88.

The gold coin was launched to celebrate the 2008 Lunar New Year and is the first coin from a new Mint program titled, the United States Mint Celebration Series. It contains one ounce of .9999 fine gold.

Read the rest of this entry »

The 2008 American Buffalo Coin is now available for purchase from the U.S. Mint. The coin is the first from a new program titled, the United States Mint Celebration Series.

The program will offer several coin products that are packaged and released to celebrate special gift-giving occasions and events.

The American Buffalo 2008 coin celebrates the 2008 Lunar New Year – a traditionally important gift-giving time of year for Asian-Americans. It contains one ounce of 24-karat, .9999 fine gold.

A Mint statement regarding the American Buffalo celebration coin said:

Read the rest of this entry »