After a suspension of more than a month, the United States Mint has resumed accepting orders from authorized purchasers for one-tenth ounce American Gold Eagle bullion coins. Allocations have also been lifted for the White Mountain National Forest Five Ounce Silver Bullion Coins.
On April 22, 2013, the Mint had informed their network of authorized purchasers that sales of one-tenth ounce Gold Eagle bullion coins were temporarily suspended. At the time, year to date demand for the coins was up over 118% compared to the comparable prior year period. These one-tenth ounce coins represent the smallest gold bullion coin option offered by the US Mint. Sales of the one-quarter ounce, one-half ounce, and one ounce coins continued without interruption.
The Mint informed authorized purchasers this morning that sales of the one-tenth ounce coins would resume. According to the Mint, sufficient quantities of the coins have been produced so that they will not have to allocate inventories.
With this and other bullion programs, the Mint has used an “allocation program” when available supplies are less than anticipated demand. When under allocation, the available quantities are rationed amongst authorized purchasers with one pool of inventory allocated evenly and a second pool allocated based on past sales performance.
This morning the US Mint also informed authorized purchasers that the America the Beautiful Five Ounce Silver Bullion Coins featuring White Mountain National Forest would no longer be subject to allocation. The initial release of the coins on May 13, 2013 was subject to allocation. Through May 28, sales for these coins have reached 25,800 units.
The American Silver Eagle, which represents the Mint’s most popular bullion offering by volume, still remains subject to allocation. For the year to date sales have reached 20,935,000 of the one ounce silver bullion coins, which is one pace for a new annual record.