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    U.S. Mint says has enough gold, silver Eagles coins

    NEW YORK (Reuters) - The United States Mint said on Wednesday it has enough American Eagle gold and silver bullion coins to meet demand and does not expect to allocate them in early 2012.

    Sales of the U.S. gold and silver bullion coins have slowed in the fourth quarter as precious metals prices retreated from record highs, bucking a trend earlier this year when investors flocked to physical gold and silver as safe havens.

    "As we plan on having sufficient quantities of all coins available, we do not anticipate having to allocate the initial release," U.S. Mint spokesman Michael White said in a note.

    The Mint had allocated its sales of gold and silver Eagle bullion coins to its authorized dealers in the last several years as unprecedented demand and a lack of coin blanks led to depletion of its supplies.

    White said on Wednesday the Mint's recent supply was adequate to meet demand and allocation to dealers was no longer necessary.

    Silver Eagles December sales were around 2 million ounces, sharply below its record of 6.4 million ounces set in January -- the highest monthly sales since the start of the American Eagle bullion coins in 1986.

    Gold Eagles sales were at 65,000 ounces, about 20 percent below its monthly average this year, the Mint's data shows.

    Bullion coins are mostly sold to investors, while the Mint also produces proof and uncirculated coins targeting collectors.

     

    70 comments

    • Dar  •  1 mth 26 days ago
      This seems to be a distraction from the real mint questions.
    • Tarmangani  •  1 mth 25 days ago
      Take physical possession of your gold. Stay away from bonds and certificates.
    • MouthofWar  •  San Diego, California  •  1 mth 26 days ago
      Give the People back their GOLD.
    • stardog  •  Lutz, Florida  •  1 mth 26 days ago
      I want see our gold stash in Fort Knox! I hope its still there!
    • Mark  •  1 mth 26 days ago
      Remember when quarters (and other coins) were made of real silver 1964 & earlier?
    • John Doe  •  Beverly Hills, California  •  1 mth 26 days ago
      Whats hilarious is the US sales these coins for their gold content, and taxes you for their gold content, but only accepts them from you for payment of debts (Such as your taxes.) at face value.
    • Fordcj428 TR.  •  Jacksonville, Florida  •  1 mth 25 days ago
      If we went back to the Gold Standard the crooks would sue for Back Injuries! No joke!
    • Joel  •  1 mth 21 days ago
      Audit JP Morgan....then end the Fed
    • Paul  •  1 mth 26 days ago
      Now is the time for those who didn't buy gold or silver earlier to start buying while the coins are on sale. When they start up again it will be too late.
    • stirandsavor  •  Columbus, Ohio  •  1 mth 26 days ago
      we went from Silver Certificates to Federal Reserve Notes.......what backs up the value of the US Federal Reserve Notes? IOU? Wonder when the government is going to quit making $1.00 anything, and just $5 denominations and up, in a few years $1 will be like a penny today due to inflation.
    • A Yahoo! User  •  Denver, Colorado  •  1 mth 25 days ago
      We cannot go back to the gold standard because then the Federal Reserve can't print money without precious metal backing it. It is funny however, that the Federal Reserve sells gold and silver coins at premium prices, but will only accept them as payment as face value.

      Strange. Do they know something that we don't?
    • Joe  •  Madison, Wisconsin  •  1 mth 26 days ago
      The mint produced 5 different ASE's this year, not all of them are just bullion.
    • Imiss America  •  1 mth 26 days ago
      collect the bullion, the coins are overpriced.
    • HumorGoneWrong  •  1 mth 26 days ago
      Don't worry everybody, there's enough plated tungsten to go around.
    • Alphonso  •  Akron, Ohio  •  1 mth 26 days ago
      All of the gold was stolen by the U.S. in 1933.
    • redrockerfan  •  Yorba Linda, California  •  1 mth 25 days ago
      Vote Ron Paul and watch the thieves at the fed reserve BIG BEN BERNAKE and his partners over at jp morgan and chase poo there undies he is the only one wants to audit the reserve. the fed and the gov are corrupt and sleeping with big banking VOTE RON PAUL for a real change
    • Liberated Insanity  •  1 mth 24 days ago
      The real question is, where did all the gold go that backs our dollars? Oh yea we don't know because the Fed is a rouge agency that skirts under audits, scrutiny, and you know, all the preventative methods we have to make sure that an entire nation hasn't been swindled. Which they have.
    • ACACIA72  •  Phoenix, Arizona  •  1 mth 26 days ago
      If they have so much g#$%$ gold and silver, why can't we go back to the Gold Standard?
    • fred  •  1 mth 26 days ago
      is it real gold or gold like substitute? lol
    • linda s  •  Columbus, Ohio  •  1 mth 26 days ago
      This is a lie. China has bought tons of gold. They aren't doing it because they are running out of gold. Don't be fooled by the media or the government lies. Buy gold and silver. Forbes has recently written an article that our dollar will soon be devalued, anywhere between 20 and 40 percent.I have no reason to lie, but they do!
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