US MINT SUSPENDS SALES OF BUFFALOES

[DC Dawg]

I just saw a report on CNBC that the US Mint has suspended the sales of the American Buffalo gold coins because of a shortage of inventory.

 

UPDATE: Here is a link to the Reuters story at Forbes.com.

UPDATE: This does not affect collectible coins in the Mint's online catalog.

 

 

Scott

[jgrinz]

Get ready fo the mess to hit the fan now

[just-john]

They know their giving it away at the price they quote my guess is their about 500 short

from 6 month from now

[bsshog40]

Yep, why not wait til the price of gold gets higher and then raise the price!!

[Oldtrader3]

The mint is selling gold for a 30-50% premium over melt. Who cares if they sell their overpriced gold. I have been buying a few 90 year old, MS Sovereigns for 10% over melt. Who wants the Mint's overpriced coins.

[stinkycheese1]

This doesn't effect gold fractionals sold on the mint's website, right?

 

I don't think so, because my fractional buffalo finally shipped yesterday.

[Oldtrader3]

They shipped to existing orders.

[BillJones]

The mint is selling gold for a 30-50% premium over melt. Who cares if they sell their overpriced gold. I have been buying a few 90 year old, MS Sovereigns for 10% over melt. Who wants the Mint's overpriced coins.

 

I would have bought a four piece set of those coins, but the gold premium was MUCH too high on them. I think their excuse about the gold price is a bunch of bull. The mint is playing games with us plain and simple, and I'm tired of it. Taxpayers should not be treated like this.

 

In the mean time I'm still waiting for my 2009 silver Proof set. Yet the dealers in Coin World have plenty of them to offer. What gives?

[jtryka]

If the Treasury and Fed would stop artificially suppressing the gold price, I bet the Mint would have plenty of inventory...