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U.S. Mint resumes sales of small American Eagle gold coins

May 29, 2013 in Coins, Collecting, Gold, Gold Bullion, Gold Coins, Gold Eagles, Precious Metals, Proof Coins, Silver, Silver Coins, US Mint, USA Coins

* Physical gold, silver demand show signs of slowing

* Mint lifts purchase limit on five-ounce silver coins

* Allocation on American Eagle silver bullion coins remains (Adds details, background in paragraphs 3-7; adds byline)

By Frank Tang (http://www.reuters.com)

NEW YORK, May 28 (Reuters) – The U.S. Mint said on Tuesday it is resuming sales of its small American Eagle gold bullion coins, a month after the price of the precious metal plunged to two-year lows, triggering soaring demand for the coins and depleting the government inventory.

The Mint is also lifting allocations – essentially purchase limits for its authorized coin dealers – on the America the Beautiful five-ounce silver coins, effective Tuesday.

The moves by the U.S. Mint, one of the world’s largest gold and silver coin producers, are a further sign that a coin-buying frenzy has started to fade after investors took advantage of bargain prices following gold’s historic two-day sell-off in mid-April.

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