Gold American Eagles - More Restrictions

In my last post, I discussed the good news of Gold American Eagle Fractional Gold Coins being available again. Well after a VERY short run, the U.S. Mint announced restrictions on availability of these and other U.S. gold coins.

After one day, the American Eagle Gold Tenth-Ounce Coin inventory was depleted and the other fractional eagles are in limited supply. Also production of the one-ounce Gold Eagles remain suspended until further notice (none have been produced in December as of yet).

The U.S. Mint also announced that sales of the popular American Buffalo one ounce gold coin have been suspended, with no new sales now planned until some time in 2010.

With this news, don't expect to see premiums (the amount charged over the spot price of gold) of these gold coins to go down anytime soon. Be sure to shop around to find the lowest premiums.