U.S. Mint Suspends 1/10-oz. Gold Eagle Coins after Gold Sales Increase

Today, Reuters reported that the U.S. Mint has temporarily suspended sales of its one-tenth ounce American Eagle gold bullion coins after surging demand ran down government inventories.

“While the one ounce gold bullion coins remain the most popular, demand for the one-tenth ounce coins has remained strong with year-to-date demand for these coins up over 118% compared to the same period last year,” the Mint said Monday in a memo to authorized purchasers. “Accordingly, the United States Mint has temporarily suspended sales of its one-tenth ounce gold bullion coins while inventories can be replenished.”

The Mint sold 85,000 of the one–tenth ounce coins in April, the second-strongest monthly total after January. The Mint’s American Eagle Gold Bullion Coins are sold in four sizes: one ounce, one-half ounce, one-quarter ounce and one-tenth ounce. Total sales of all size coins so far this year have more than doubled compared to the same period in 2012, the Mint said.

The U.S. Mint will continues to offer the one-ounce, one-half ounce and one-quarter ounce American Eagle Gold coins. The one-ounce gold bullion coins are the most popular with investors with the one-tenth ounce coin ranking second in popularity. Sales of the smaller coin so far this year have reached 295,000 pieces, or 29,500 ounces, the Mint said.

To learn more about adding the 1/10 American Eagle Gold Coin or other IRA Approved Coins to your IRA, contact American Bullion at 1-800-326-9598 to speak with a precious metals specialist.