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Tuesday, August 23, 2011

US Mint Halts Gold Coin Sales Again, Prices Poised for Increases

 

2011 Proof Gold Coins - $50 American Gold Eagle, $5 U.S. Army and $5 Medal of Honor

The United States Mint gold coins above are just 3 of the 15 to have their sales halted as gold prices race toward new highs.

The United States Mint on Monday halted sales of its collector gold coins for an extended period after gold prices soared toward $1,900 an ounce. The suspensions are expected to last until Wednesday when coin prices are poised for increases (jump to table of likely prices). 15 of the Mint's gold coin products are now off sale.

The action, as conveyed in a previous article published on Friday, was not completely unexpected based on gold's explosive jump — the yellow metal in New York has surged nearly $150 in six days.
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