The|Coinologist.

Always Buying Coins, Currency, and Cool Stuff.

2011 American Eagle One Ounce Gold Proof Coin Sells Out

with 5 comments

The U.S. Mint has just announced that the 2011 American Eagle One Ounce Gold Proof Coin has sold out, at 30,000 coins.

Image: U.S. Mint

Written by Robert L. Wilson

October 14, 2011 at 3:06 pm

5 Responses

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  1. @Wilsonian, is it common that the US Mint would sell out of 1 ounce gold coins?

    gavin

    October 14, 2011 at 3:10 pm

  2. It would be rare that they would sell out of 1 ounce gold coins, which they have not, but in this case they have sold out of 1 ounce Proof gold coins. Proof coins are made with polished dies, and are placed in special packaging.

    Wilsonian

    October 14, 2011 at 3:34 pm

    • Thank you for explaining this. So, should I assume that this news is in no way evidence that demand for gold is more than the US Mint can handle? I have read some articles stating that gold demand is causing supply to dry up. So when I saw this post, it made me wonder if this is evidence of that.

      gavin

      October 14, 2011 at 3:39 pm

      • Yes, there is no correlation between the sell out and what the U.S. Mint produces, or the supply for that matter. These proof coins are made for collectors. They carry a premium over what you would pay for a one ounce American Gold Eagle that is traded by the spot price of bullion.

        Wilsonian

        October 14, 2011 at 4:11 pm

  3. hey how much i hv 2 pay for this particular coin
    or any other gold coin ?

    suneet jatasra

    October 15, 2011 at 10:02 am


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