US Mint 2008 Gold and Silver Dwindle, 2009 Releases Delayed
The United States Mint recently released a memo to authorized bullion purchasers regarding the remaining 2008-dated bullion coins and the upcoming 2009-dated bullion coins.
The only 2008 dated bullion coins still being sold by the US Mint are the 1 ounce American Gold Eagle and 1 ounce American Silver Eagle. Final allocations for these coins will take place December 15, 2008. All of the fractional Gold Eagles, Gold Buffaloes, and Platinum Eagles are no longer available.
Sales of 2009-dated 1 ounce Gold Eagles and 1 ounce Silver Eagles will begin on December 29, 2008. Availability will be subject to allocation. The remaining 2009-dated bullion coins will be delayed. The US Mint cites "very limited" supplies of blanks from suppliers amidst high demand.
The full US Mint memo is reproduced 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.