Gold coins suspended by US Mint
It would appear that the United States Mint has officially suspended production of American Gold Eagle coins. The mint claimed that low supply of gold is being blamed for this. The unprecedented demand for American Eagle Gold Bullion Coins and the low supply of gold is being blamed for this. The mint is required by law to produce the American Eagle Gold Bullion Coins to meet public demand. Therefore, the resources have to be allocated to this program.
Anyway, the US Mint website describes this issue better than I can.
Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .”
The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced.
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