Another Gold Question!!

[CoinCrusader42]

Our oldest son called this afternoon and said he had ordered some gold coins from the U.S. Mint.  The order, and payment went through just fine.  When he checked, the coins were labeled "In Stock."

He hasn't received them, and when he goes to the Mint's web site he gets the message "On Hold."

I couldn't give him an answer as to what's going on.  Can anybody help?

Also, the coin shop in his town was pretty much empty, as buyers came in and seemed to have bought up much, or all, of the gold and silver.

What's going on?

 

[scottishmoney]

Gold from the mint, must be proofs or some sort of set.  Good luck.

Regarding the coin shop, yes, they are a bit of a problem.  My main supplier has been rationing the gold sales of late, even charging higher prices because demand is high.  When he does buy gold, it is hardship cases, which are happening in this economy.  But he has a very high turnover on gold.  Today after reminding him how much I buy I got this:



These are the largest reasonably common bullion coin you can buy. 

If you want gold, try APMEX.com, they have stuff in stock, and have decent sell prices.

[longnine009]

One thing about Mexico, they do have some nice coin designs. 

[Paint Your Wagon]

Our oldest son called this afternoon and said he had ordered some gold coins from the U.S. Mint.  The order, and payment went through just fine.  When he checked, the coins were labeled "In Stock."

He hasn't received them, and when he goes to the Mint's web site he gets the message "On Hold."

I couldn't give him an answer as to what's going on.  Can anybody help?

Also, the coin shop in his town was pretty much empty, as buyers came in and seemed to have bought up much, or all, of the gold and silver.

What's going on?

 

What is going on is a complete decoupling of the fiction of future forward contracts fixing the so called spot price and the Real World where gold is 100 $ or more above the fictitious price . And that is the price if they have coins which most don't have anymore .
France Germany and Belgium have been very gold loving for centuries
Price for physical one ounces is 9 % above the price for kilobars this has not happened since 1978 if I remember correctly . Price above fairytale spot is 13% to buy and 8.5% to sell