The U.S Mint announced that it is suspending the sale of some 2007 gold American Eagle coins due to the rising price of gold bullion.

Last week un-circulated American Eagles containing the "W" mint mark were pulled from sale. The U.S. Mint states that these coins will be repriced and returned to the market by September 27.

The one ounce coins were selling for $749.95. With gold prices topping out above $720 last week the U.S. Mint was forced to reprice the coins.

Bulk sales of four coin proof sets of gold American Eagles were also suspended. These sets usually sell at a discount to bulk dealers. The Mint plans to honor all confirmed orders by bulk dealers for the American Eagle sets.