Since the election and in recent weeks gold bullion coins like one ounce American Eagles, American Buffalos and Canadian Maple Leafs have become quite scarce due to increasing demand and very little physical sellers. Delays are building across the industry for popular bullion items, some reaching 2-4 weeks, or more, and vendors are waiting on world mints to strike new coins to fill all the orders.
Normally bullion is abundantly available this time of year because world mints are issuing their new year products en masse, however, we’re told that an onslaught of large physical buys has led to all the first allotments from the mints being sold out before they’re delivered to mint distributors. This is all being caused, it seems, from safe-haven buying after the drama of the US elections, lack of individual selling, and an increase in overall demand for gold, silver, and platinum.
Shortages and delays could be a sign of higher prices to come, so we advise you to place your orders while premiums are relatively reasonable. One thing is for sure, if this continues, you can expect to see premiums on silver and gold American Eagles rise considerably, regardless of the prevailing spot prices.
Gold Recommendation:
If you’re looking for a low priced, low premium gold bullion coin that we can deliver quickly, check out our deal of Swiss 20 Francs. They are just under 1/5th of an ounce each, typically come in rolls of forty, and offer the perfect combination of high gold content, rarity, and low premiums. Unlike fractional size Gold Eagles that are nowhere to be found, we have fractional Swiss 20 Franc Gold Coins in stock! Only $394 each based on gold spot at $1,867.
Thinking of Silver or Platinum? Shop our best Silver and best platinum deals.
Be sure to call 1-800-928-6468 for assistance, advice, or to discuss a larger transaction for best possible prices. Availability and prices will change with market conditions.
