the US Mint had suspended all numismatic gold coin

"LandepNews"

Earlier this week, the US Mint had suspended all numismatic gold coin offerings as the market price of gold rose towards $1,900 per ounce. This action was taken because products were priced based on a market gold price in the $1,750 to $1,799.99 range and under policy a pricing adjustment could not be implemented until Wednesday. The policy does provide that sales may be suspended at times when the selling price of numismatic products approaches the selling price of bullion products.
After a sharp decline in the price of gold over the past two days, the US Mint has resumed numismatic gold coin sales at the same prices which were in effect when the products were suspended. Although the average price of gold based on the London Fix prices from the prior Thursday AM to the current Wednesday AM was $1,855, the Wednesday PM fix price was $1,770. The Mint’s policy provides no pricing change will take place if the Wednesday PM fix price is in the same range as the current price bracket.
The suspension of 2011 commemorative gold coins has continued. The Medal of Honor and Army $5 gold coins have been suspended since August 12. The US Mint is developing a pricing grid for these products to allow weekly adjustment to be made.
The suspension of the 2010 Silver Proof Set and 2010 ATB Quarters Silver Proof Set also continues. These products were suspended on August 19, when the market price of silver was $42 per ounce.

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