U.S. Mint Halts Sales of American Buffalo Gold Coins

Last week the U.S. Mint temporarily halted the sale of one of their most popular gold coins due to consumer demand. Spokesman for the U.S. Mint, Michael White, announced the suspendedsales of the Buffalo 24-karat gold coin which was first introduced in 2006.

Gold dealers have stated that demand for gold coins has skyrocketed in 2008 with the increased perception that gold is a safe haven in a time of financial turmoil. However, many financial advisors have been in the media that wildly fluctuation gold prices can make investments in gold a harrowing experience despite the multi-year rally in gold prices.

The U.S. Mint has not publicly stated how they will react to the huge increase in demand for their gold coins, although gold dealers are anticipating some new products from the Mint. The U.S. Mint has an online store with a wide variety of coins, medals, commemoratives, and other collectibles beyond the popular gold coins.