Back on October 10, the United States Mint first suspended several platinum coin sales.
With the surging movement of bullion, the Mint has implemented cycles of coin suspensions in order to reintroduced coins at higher prices.
Unfortunately, the suspensions to date haven’t been a one or two day event but instead lasted weeks. Fortunately, the wait for the resumption of American Eagle Platinum Uncirculated coins is now over.
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.
In reaction and as CoinNews.net analyzed and then predicted Friday, Nov. 2, the United States Mint halted Uncirculated Gold American Eagles sales once again.
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."
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