U.S. Mint Suspends Some Gold Coin Sales

The U.S. Mint has temporarily halted sales of its popular American Buffalo 24-karat gold coins because it can’t keep up with soaring demand as investors seek the safety of gold amid economic turbulence.

Mint spokesman Michael White said Friday that the sales were being suspended because demand for the coins, which were first introduced in 2006, has exceeded supply and the Mint’s inventory of the coins has been depleted.

The Mint had to temporarily suspend sales of its American Eagle 1- ounce gold coins on Aug. 15, then resumed sales under an allocation program to designated dealers.

White said Mint expected to start distributing available Buffalo gold coins soon through a similar allocation program.

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