U.S. Mint Brings back Suspended Gold and Silver Coins

Posted by Mike Tirone - Friday, August 26th, 2011

The United States Mint is back selling their commemorative gold coins after a 13-day suspension.

Also, on Thursday, the Mint brought back two silver sets after six days of absence.

Surging precious metals prices were the reasons for both products suspensions, but ironically both gold and silver prices have fallen lower to when the coins were originally suspended. The gold coins return on sale at higher prices (+$79.35 each) while the silver prices remain unchanged.

The United States Mint stopped selling the 2010 Silver Proof Set and 2010 America the Beautiful Quarters Silver Proof Set one week ago, on August 19, when silver started pushing over $42 an ounce. Silver in London was down to 39.00 an ounce on Thursday, freeing the Mint to reintroduce the two sets at their same prices.

The 2010 Silver Proof Set, which includes 1.338 ounces of silver, is listed for $64.95. The America the Beautiful Quarters Silver Proof Set has 0.904 ounces of silver and is priced at $39.95.

Read the rest of the article here...

  +2

More like this...

Jim Rogers: Buy Silver On Dips
Jim Rogers discusses how silver is still the hottest commodity and will be for the rest of the decade, especially once the price drops.

$200 Silver as COMEX Faces Default
Close your browser, shut down your computer, and go buy silver!

Silver Could Spike to $75 in Solvency Crisis
Silver prices to follow gold's lead. What you need to know to benefit from market volatility...

Silver to Soar as the Gold to Silver Ratio Stabilizes
Despite the recent swell in prices, silver should continue increasing -- doubling within the next few weeks and vaulting the price of the white metal over $100 an ounce.


Silver Pandas