In the early part of this year, I had a discussion with a coin dealer who was selling American Eagle Gold Proof coins. He quoted me a price with a large "over the spot" spread fee. I asked him why and he said that the US mint had suspended making them and are no longer in stock.
Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. [via US Mint]
Just the other week I had a chance to talk with the same coin dealer again and he said that the spreads have come down and people are buying as much gold as they can get their hands on. I wonder what all this means? ;)
