August 15, 2022

US Mint to Sell Final Inventory of 2008 Platinum Eagles & 1/10 oz. Gold Eagles

A few weeks back the US Mint announced that they would be taking unprecedented actions to deal with the demand for bullion coins. This included production halts for some bullion coins and limited production for others until existing blank inventories were depleted. Read the full US Mint memo with details of the actions.

Yesterday the following memo was released announcing that starting Monday, the US Mint will resume taking orders for the remaining 1/10 oz. Gold Eagles and Platinum Eagles. The memo also provides some insight into how the US Mint will ration the remaining supplies.

October 24, 2008

MEMORANDUM TO ALL AMERICAN EAGLE BULLION COIN AUTHORIZED PURCHASERS

SUBJECT:       2008–Dated Bullion Coin Products

On Monday, October 27, 2008, the United States Mint will resume taking orders for 2008-dated American Eagle One-Tenth Ounce Gold Bullion Coins and all sizes of American Eagle Platinum Bullion Coins.

Final inventory for these bullion coins is based on current in-house blank supplies and some supplies are very limited.  The United States Mint will allocate these remaining coins among the Authorized Purchasers (APs).

The United States Mint will use a slight modification of its standard allocation process, which is as follows:

Monday morning, the inventory available for sale that week will be divided into two equal pools for each bullion coin product.

The first pool for each bullion coin product will be allocated equally to all active American Eagle Gold One-Tenth Ounce and American Eagle Platinum APs respectively (active APs are those which have purchased American Eagle Gold One-Tenth Ounce or American Eagle Platinum Bullion Coins in the past three fiscal years).

The second pool will be allocated based on each AP’s sales performance for each bullion coin product in the last three fiscal years (e.g., an AP who purchased 30% of all American Eagle Gold One-Tenth Ounce Coins during this time will be allocated 30% of this second pool).

Each AP will be advised via fax Monday morning (or if a government holiday, Tuesday morning) of its allocation, and will have until 3 p.m. on the following Friday to place an order for its allocated coins.

Any unordered coins remaining after 3 p.m. Friday will be put back into the pool for allocation the following Monday only until coin inventory for each product is depleted.

Included in the communication with each AP’s initial allocation on October 27 will be its allocation percentage based on sales performance.

Please note: The inventory for the American Eagle Platinum One-Tenth Ounce Bullion Coins is very limited and will be allocated to the Authorized Purchasers with the highest sales performances for the past three fiscal years for this product.

Available inventory will remain on allocation each week for the American Eagle Gold One Ounce and American Eagle Silver Bullion Coins.

We will keep you informed when more information becomes available for the American Buffalo Bullion Coins.

Thank you for your patience and your continued support of the United States Mint Bullion Coin Program.

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