UK’s Royal Mint Runs Out of 2014 Gold Sovereigns

January 8th, 2014 by

GB1_3

Britain’s Royal Mint today advised that, due to “exceptional demand”, it was temporarily out of 2014 dated gold Sovereigns. While stocks of silver and gold 2014 Britannia coins were unaffected, it would be the end of the month before 2014 Sovereigns would again be available.

As quoted on BusinessWeek, the Royal Mint said in an email:

“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 U.K. mint said in the statement. “The Royal Mint continues to supply to its customers and is increasing production to accommodate the higher demand.”

The U.S. Mint has not encountered the same situation, despite selling 56,000 ounces of American Gold Eagle coins of various sizes in the month of December. However, the Mint announced last month that the 2014 American Silver Eagle would have limited availability when it is released on January 13, and supplies would be rationed.