U.S. Mint Halts Production of Two American Eagle Gold Coins - Coin News

The United States Mint halted production and will no longer ship 2008 one-half ounce and one-quarter ounce American Eagle gold coins to authorized dealers, it was announced Monday. Additional gold and platinum coins will be halted when their blank inventories are depleted.

“Due to the extreme fluctuating market conditions for 2008, as well as current market conditions, gold and silver demand is unprecedented and the demand for platinum is unusually high,” the U.S. Mint said in a memorandum.

“The U.S. Mint has worked diligently to attempt to meet demand, however, blank supplies are very limited and it is necessary for the U.S. Mint to focus remaining bullion production primarily on American Eagle Gold one-ounce and Silver one-ounce coins,” the Mint said.

Read article: U.S. Mint Halts Production of Two American Eagle Gold Coins

American Gold Eagle Coins

American Gold Eagles are the United States’ official gold bullion coin. They started being minted in 1986 authorized by Gold Bullion Coin Act of 1985 and have been minted ever since. These coins are made of .9167 gold (otherwise known as 22 karat) mined only in the United States and come 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz. denominations. The obverse of this coin has a picture of lady liberty and the reverse has a picture of an eagle flying above his nest.

The 1/10 oz. American Gold Eagle has a face value of $5 and it goes for about $120 USD.

The 1/4 oz. American Gold Eagle has a face value of $10 and it goes for about $300 USD.

The 1/2 oz. American Gold Eagle has a face value of $20 and it goes for about $560 USD.

The 1 oz. American Gold Eagle has a face value of $50 and it goes for about $1,110 USD.