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One Week Into 2014, UK Royal Mint Runs Out Of Gold Coins

Posted By admin On January 8, 2014 @ 2:11 pm In Money Watch | Comments Disabled

Zero Hedge [1]
January 8, 2014

Update: the UK mint was kind enough to advice that “only” Sovereigns are sold out. More expensive coins are still available:

Just 2 days after their release, The U.K.’s Royal Mint said it ran out of 2014 Sovereign gold coins [8] “due to exceptional demand.”

- *U.K. ROYAL MINT SAYS RUNS OUT OF 2014 SOVEREIGN GOLD COINS

- *ROYAL MINT SAYS EXPECTS TO HAVE COIN STOCK AGAIN BY END OF JAN.

The mint added “Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating.”

 

One Week Into 2014, UK Royal Mint Runs Out Of Gold Coins 20140108 ukgold 0 [9]

 

 

Via Bloomberg,

The U.K.’s Royal Mint said it ran out of 2014 Sovereign gold coins “due to exceptional demand.”

The mint expects to have stocks of the coins again by the end of January, it said in a statement e-mailed today. Gold dropped to a six-month low of $1,182.27 an ounce in London on Dec. 31, capping the largest annual decline since 1981.

“Since the dip in the price of gold we have seen increased demand for our gold bullion coins from the major coin markets, and this presently shows no sign of abating,” the mint said in the statement. “The Royal Mint continues to supply to its customers and is increasing production to accommodate the higher demand.”


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2014-01-08/one-week-2014-uk-royal-mint-runs-out-gold-coins

[2] @zerohedge: https://twitter.com/zerohedge

[3] #gold: https://twitter.com/search?q=%23gold&src=hash

[4] #bullion: https://twitter.com/search?q=%23bullion&src=hash

[5] #Sovereigns: https://twitter.com/search?q=%23Sovereigns&src=hash

[6] http://t.co/YFz8AEqOGP: http://t.co/YFz8AEqOGP

[7] January 8, 2014: https://twitter.com/RoyalMintUK/statuses/420968959790567424

[8] 2014 Sovereign gold coins: http://www.royalmint.com/shop/The_Sovereign_2014

[9] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/01/20140108_ukgold.jpg

[10] US Mint Runs Out Of Buffalo Gold Coins, Will Not Restock: http://www.prisonplanet.com/us-mint-runs-out-of-buffalo-gold-coins-will-not-restock.html

[11] US Mint Sells More Gold Coins In May Than Any Month Since January 1999: http://www.prisonplanet.com/us-mint-sells-more-gold-coins-in-may-than-any-month-since-january-1999.html

[12] U.S. Mint Sales of Gold Coins Jump to Highest in Three Years: http://www.prisonplanet.com/u-s-mint-sales-of-gold-coins-jump-to-highest-in-three-years.html

[13] US Mint Runs Out Of Tenth-Ounce Gold Coin Inventory Day After Its Release For Broad Purchase: http://www.prisonplanet.com/us-mint-runs-out-of-tenth-ounce-gold-coin-inventory-day-after-its-release-for-broad-purchase.html

[14] Mint runs out of 2013 silver coins, suspends sales: http://www.prisonplanet.com/mint-runs-out-of-2013-silver-coins-suspends-sales.html

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