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U.S. Mint Suspends Sales of 2009 Gold Eagles...and...

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W.K.F.

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I figured something like this would happen...

Greetings Collectors,

I have been at the computer all afternoon & this evening "tweaking" some photos and descriptions in several of my sets and had talk radio on in the background, getting my daily dose of "right wing" extreamism. During one of the news breaks while listening to "The Savage Nation", it was said that today, the Mint stopped selling the one ounce "bullion" Gold Eagles to all of the large distributors who buy them in bulk and who then sell them to the rest of us. The reason was, they have exausted all the existing supplies of bullion blanks due to unusually "high demand". No mention was made as to the upcoming availability of the "fractional" Gold Eagles due to be released in the first week of December.

This all comes on the heel of my talking to Mint personell earlier today as I was going to order one of the 2009 Proof Buffalos and had a question because they were showing on the web site, the price had already risen to $1460 from $1410. I did my darndest to try to get around the $50 increase because it was not due to change 'til Thursday, but since we all know what Thusday is, they "upped" the price a day early rather than the next business day after Thurs. Damn, I hate when something like that happens, but oh well, that's what I get for dicking around. It never fails and has always been like this in the past when Gold would reach new "highs", I would always grit my teeth, pause, think for a few more minutes, but then go ahead and buy whatever it was that had given me pause. This particular "flareup" of that horrible afliction called "procrastination" may have cost me the "Early Release" designation that ends on NGC's cut-off date of December 5th. I was told they (proof Buffalo) were being shipped within just a day or two. I am hopeing this is true but what worries me is I have a holiday and a weekend between today and next Sat. the 5th. As long as I can get it by Friday the 4th, I can then "overnight" the coin along with my other coins I'm sending. My membership always comes up for re-newal toward the end of Nov. every year. I really hate the pressure when I wait until the last minute on something like this.

Anyway this will be my last big purchase of this year and really shouldn't have even bought one anyway. This coupled with a purchase from "Apmex" yesterday for one 1/4 ounce & one 1/10 ounce 2009 Gold Eagles that they are "pre-selling" before the release date of Dec. 7th. I do hope this temporary stop in sales of the "one ounce" coins won't have anything to do with the franctional sales. But with the Mint, you never know. So with all this, "I'm broke", I absolutely refuse to buy any more of anything 'til I recover. Heck!, I need my head examined, 'cause I have ZERO work at present and will not likely get much if any 'til after all of the "holidays" are over. I can't beleive I do some of the things I do, I really can't! I did show a smidgen of willpower in that when I was ordering the two fractionals, I wanted the "half ounce" too, but didn't get it. It's sad 'cause I feel as bad, as I do good, for "NOT" getting it too, while Gold is below $1500.

This "fast rising" Gold and Silver prices gives me mixed emotion as I am slowly getting "priced" right out of the market. That is at least on the "Gold side" of the equation. Oh well, Silver is always good too. One ounce & ten ounce bars and rounds are still within my reach, but just not now. By this time next year Gold will test new highs. Ajusted for inflation, it will take $2200+ gold to really break the 1980's $800+ price tag we had then and I do think we will reach that lofty price or very close to it. Prices of the two metals at 10:38 CST Gold $1195.40 & Silver $18.87

I am getting a few coins together for a submission with my "5 coin coupon" on my CS renewal and actually have a few more than five but I refuse to get "carried away" as the funds are just not there. The coin I leave you with, is a low mintage 2008-W Unc, one of a mere 6,032 total coins sold. I have one identical to this one graded NGC MS-70. I was just looking at some US Mint past invoices and the old "shoulda, woulda coulda" was whispering in my ear saying why didn't you just buy more when you had the chance? Right now, I am not sure I am having fun with my coins, at least at this exact moment?...

"Buy 'til ya die"... "HAPPY THANKSGIVING!!" WKF

P.S. Update on the Gold Eagles being suspended, they just said on the radio, they have done the same with the Silver Eagle bullion coins as well, due to "depleated inventory".

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