On Tuesday, the US Mint announced it has sold out of one-ounce 2015 American Gold Eagles. Mint officials say they don’t plan to produce any more at this time.

Earlier this month, the mint announced it had run out of one-tenth and one-fourth ounce Gold Eagles.

The tremendous demand for gold bullion coins we’ve seen over the last several months continues unabated in November. Buyers have already snatched up 80,500 1-ounce Gold Eagles this month. Combining all coin sizes, total Gold Eagle sales stand at 199,500 in November.

According to a report recently released by the World Gold Council, investment demand helped push overall gold demand up 8% in the third quarter compared to the third quarter of 2014. Investment demand surged 27% to 230 tons in Q3. Gold bar and coin demand hit the highest level in the US in five years. Gold Eagle coins are selling at the highest rate since the financial crisis.

Total American Gold Eagle sales as of Nov. 26 stood at 1,838,500 ounces. That compares with 1,144,500 in all of 2014.

American Silver Eagle sales have been equally brisk. As we reported earlier this month, the US Mint is on pace to break a record this year.

The Mint also announced Tuesday that it will stop producing 2015-dated Silver Eagle coins after the week of Dec. 7. The mint said in an email that it expects the last American Eagle silver bullion allocation of the year to be on Dec. 14:

Despite the weekly rationing, American Eagle silver coin sales this year have so far reached nearly 43.7 million ounces, making them on track to exceed the 44 million ounces of 2014.”

In October, Silver News reported the US Mint, the Royal Canadian Mint, Australia’s Perth Mint, the Austrian Mint, and the British Royal Mint recently all put their silver bullion coins on allocation at the same time.

Restriction from multiple mints at the same time is unprecedented and illustrates considerable tightness in the current global silver coin business.”

With the US Mint winding down production of 2015 Gold and Silver Eagle coins, and continued high demand, it’s important to avoid getting scammed by unscrupulous dealers who might take advantage of these dynamics to raise the price of 2015-dated coins. Just because these coins sell out does not mean they are suddenly worth more. No matter what year they were minted in, Gold Eagle coins are still one ounce of gold bullion, and that is ultimately what you are investing in.