Mint News Blog

News, Information, and Commentary on US Mint Products

Tuesday, January 27, 2009

2009 Ultra High Relief Double Eagle Order Status and Prices


Collectors who ordered the 2009 Ultra High Relief Gold Double Eagle may have received a backorder notification from the US Mint with a new shipping date this morning.

Expected shipping dates have fluctuated for collectors who placed their orders on the first day. There were reports that the book, which is included with the coin, was showing a later shipping date than the coin. Later reports indicated both shipping dates progressively being pushed forward.

This morning, I received a backorder notice for my order. It showed an expected shipping date of February 6, 2009 for both the coin and the book. Others have reported expected shipping dates of February 10, 11, or 20. When I first placed my order (January 22, 2009 at 12:17 PM ET), the expected shipping date provided was January 28, 2009.

The product page in the US Mint's online product catalog indicates that the coin will be available for shipping on February 13. Of course, all of these dates may continue to get pushed forward, if recent experience is any indicator. It will be interesting to see what date collectors start to receive the first Ultra High Relief coins.


Anyone who is still considering purchasing the coin should note that the US Mint's price will most likely increase by $50 or $100 later this week. Under the US Mint's new pricing policy, prices are subject to adjustment each week if the average weekly London Fix price of gold moves across certain thresholds. Coins are currently priced for the $800.00 to $849.99 tier. The price of gold has recently been above $900, although the average weekly price will likely fall into the $850.00 to $899.99 tier (unless their is a big move tomorrow).

The last time the US Mint adjusted prices under the new policy, product sales were halted on Wednesday around noon. Sales resumed the next day Thursday at noon, at the adjusted prices. If you have waiting to place your order, consider doing so before noon tomorrow to avoid the price increase.

Lastly, I thought it would be interesting to run a UHR related coin survey this week. As most people know, the 2009 Ultra High Relief has an ordering limit of one per household. In the past situations when there were ordering limits, some collectors used the households of friends and family to order more than one coin. How widespread is this practice? Answer the survey below and we will find out.


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26 Comments:

At January 27, 2009 at 6:03 PM , Blogger Tyrone said...

Yep. Original ship date: 2/6

Greetings from the United States Mint. We regret to inform you that the item(s) listed below are currently on backorder. Please expect your item(s) to arrive within the timeframe listed below.
Track your order at http://catalog.usmint.gov
Thanks again for shopping with the United States Mint.

Order #: 3084xxxx - 1
Sold To : xxxxx, yyyyy
Ship To : xxxxx, yyyyy
Item: UH1 Qty: 1 Exp Ship: 2/20/09
2009 ULTRA HIGH RELIEF GOLD COIN

Item: UH3 Qty: 1
Exp Ship: 2/20/09
2009 ULTRA HIGH RELIEF GOLD COIN BOOK

 
At January 27, 2009 at 6:40 PM , Anonymous Anonymous said...

Tyrone -

My order# was: 3083XXXX - 1

My original ship date was 2/6. I received a notice that it was changed to 2/11 this morning (and the Mint's online system showed 2/11 as well later in the morning). However, I checked it this evening and it was back to 2/6.

THEY ARE PLAYING HEADGAMES WITH ME!!!! AHHHHH!

;-)

 
At January 27, 2009 at 7:06 PM , Anonymous Anonymous said...

Right you are sir-- my notice from the mint dated 2:15 PST today noted an expected ship date of 2/11; my order went though around 9:30 a.m the first day it went on sale.

 
At January 27, 2009 at 9:43 PM , Anonymous Brad said...

I'm not sure what to do with my order. I placed it on the first day, but it took an hour and ten minutes to finally get it through. My ship date still shows 2/6 on the web site, but via e-mail this morning I was notified that it is expected to be 2/11. I've been buying coins from the Mint for several years, so I realize that those "expected ship dates" they provide are of little use in reality. They keep adjusting them almost every day, so I really don't pay much attention to them.

I don't really want this coin for my collection. As beautiful as it will be, the potentially unlimited mintage might steal any real collectible value it may have. I only placed an order in an attempt to be one of the first ones to have it in stock, so I could flip it to an unfortunate collector who might otherwise have to wait longer (6 to 9 months?) and would be willing to pay a premium to get it sooner. I would get to enjoy owning the coin for a short time, and also get to read the special book, but then sell both off to pursue other things.

But, if my order keeps getting pushed back, I might end up getting it too late to sell for a premium, and would then have money tied up in a coin that I don't really want and might depend pretty much on the gold spot price to sell it. If spot goes down, I could be stuck with the coin for much longer than I intended to hold it.

So my dilemma is, do I leave the order intact or just cancel it now?

 
At January 28, 2009 at 7:21 AM , Anonymous Anonymous said...

Not much of a dilemma, you can always return the coin but you lose out on shipping...always will be some risk involved. the question is, is the cost of shipping worth the risk for potential gain from the premium another buyer is willing to pay?

 
At January 28, 2009 at 12:08 PM , Anonymous Anonymous said...

Product is off sale until Thursday when the price will go up. So this "Thursday reset" is a joke if they just stop selling it beforehand.

My order placed Monday night at 11 pm is "on hold." If they raise the price on my order I will cancel it.

The mint is so poorly run. I stopped collecting mint sets in 2004 when they couldn't fill my order. I changed my mind about collecting the whole set of presidential spouse gold since they couldn't fill my order for the first one. And when they dropped the price on the platinum set and the Buffalo set i just received I sent both right back and immediately reordered them at $450 less. I normally wouldn't do such a thing but they deserve it.

 
At January 28, 2009 at 12:13 PM , Anonymous Anonymous said...

I just checked and the mint shows that my 1/10 AGEs that were reserved finally shipped. However, I still have a few other items on backorder including the UHR.

 
At January 28, 2009 at 5:10 PM , Blogger Michael said...

Note that they should not raise the price for any orders already placed. Your price is locked in once you place the order.

The higher price will apply to all new orders placed once the coins go back on sale.

 
At January 28, 2009 at 7:26 PM , Blogger Mastro said...

Ordered the US MInt 2009 Ultra High Relief Gold Coin sometime around 2:00 Pm on January 22. Order staus confiormed as "back ordered" with expected shipment on 2/6. Received email on January 27 restating expected shipment date as 2/20. Uggggh!

 
At January 29, 2009 at 8:40 AM , Anonymous Anonymous said...

US Mint sold already more than 50000 UHR coins.At 12:00 PM EST first order with UHR was about # 30826xxx. I placed my order at 12:54 PM EST and my order number is 3083xxxx.

 
At January 29, 2009 at 5:58 PM , Anonymous Anonymous said...

Out of curiosity, where did you get your data that the mint had sold over 50,000 UHR coins? Thanks.

 
At January 29, 2009 at 6:00 PM , Blogger Michael said...

Susan Headley has some confirmed data from the US Mint here:

Link

41,664 through Tuesday.

 
At January 29, 2009 at 6:50 PM , Anonymous Edmund Moy said...

Most of the people who want this coin have already bought it. When the mint sees the orders tailing off around 50K units they will lift the limits and then the speculators and dealers (hello MCM) will get their multiple orders in and there goes any future appreciation, a victim of its own success ... and hype.

 
At January 29, 2009 at 8:11 PM , Blogger Tyrone said...

Price was increased at the mint...

2009 Ultra High Relief Double Eagle Gold Coin (UH1)

Price: $1,239.00

 
At January 30, 2009 at 7:25 AM , Anonymous Anonymous said...

Interesting quotes by Susan regarding SAEs:

"Speaking of acquisition problems, remember all the trouble the Mint had getting coin blanks for the American Silver Eagles last year? It was quite embarrassing for the Mint; they took a lot of heat, not only in coin collecting circles, but in the mainstream press as well. Now that final sales figures have been posted for the 2008 Silver Eagle, perhaps the question shouldn't be, "how could the Mint have failed to get enough blanks" but instead, "how in the heck did they get so many?!"

The total sales figure for the generic bullion 2008 Silver Eagle is an astounding 19,583,500 one ounce coins! To put this in perspective, consider that this is double the 2007 sales of 9,887,000 coins. The previous high-water mark for annual Silver Eagle sales was the 10,475,500 sold in 2002. Many years have seen sales in the 4 to 5 million range."

 
At January 30, 2009 at 12:18 PM , Anonymous Anonymous said...

After having received 3 days ago the same email as others indicating a backorder ship date of 2/6/2009. The message on my order status page on the US Mint's website today changed to backordered with an expected ship date of 2/14/2009. The book is still listed as backordered with a ship date of 2/6/2009

 
At January 31, 2009 at 5:17 PM , Anonymous Anonymous said...

Just recieved an email from the mint that my second order for (1) 2009 Ultra High Relief was CANCELLED! I then checked the satus of the first order and found it's on HOLD! Methinks something is rotten in Denmark.

Anyone else get a CANCELLATION? I notice that they're still selling these coins albeit at a higher price ($1,239).

I guess you can't trust the government at the mint either. The little guy gets screwed there too.

Thanks U.S. Mint!

 
At January 31, 2009 at 10:14 PM , Anonymous Anonymous said...

The Mint cancelled your second order because there is a limit of one coin per household. The Mint uses credit card billing addresses to determine which "household" the order is going to, even if you put in a different shipping address for a second order. When the Mint found two orders with the same billing address, they cancelled the second one.

I don't see the household limit of one coin lasting forever, but it could last for a while. They might retain a limit, but will likely raise it to five or ten coins later on this year. That's just my guess, of course.

 
At February 2, 2009 at 5:11 AM , Anonymous Anonymous said...

Well...the mint pushed my order out again. I was one of the first 5,000 units ordered (ordered within 45 minutes), and I now have a date of February 17th. While it's obviously not the end of the world in the big scheme of things, it is pathetic that the US Mint can't operate like any other business. The Director of the Mint (Edmund Moy) spent 6 months hyping this product and then doesn't have the brains to build any level of inventory? Did he assume that nobody would order the product he repeatedly hyped?

Another reason our country is in the mess that it's in...our leadership has no sense!

 
At February 2, 2009 at 12:09 PM , Anonymous Anonymous said...

Today I canceled my one of two UHR orders . The reason for cancelation was that this coin will not have collectible value in the future . There will be to many UHR in the market.I'm not planning to buy 2009 Buffalo because to many people will buy this coin as well.

 
At February 4, 2009 at 8:03 PM , Anonymous Anonymous said...

Original order date: 1/23
Order #: 30866###

UHR back ordered to 2/6/09
UHR book back ordered to 2/7/09

e-mail 1/27
UHR back ordered to 2/20/09
UHR book back ordered to 2/20/09

e-mail 2/4
UHR back ordered to 3/06/09
UHR book back ordered to 3/06/09

I'm considering canceling. Pick a date and stick to it!

 
At February 6, 2009 at 7:22 AM , Anonymous Disco said...

I was "lucky" enough to have my order placed within the first 5 minutes (I had logged into my account 20 mins early). Like many others, rec'd several emails sent from the mint changing the shipment date... 2/28, 2/6, 2/13, 2/17, and so far 2/18 which came on 2/4. However, as of yesterday 2/5, my shipment went from backorder to "in stock and reserved" (which it also said for the first several days after I ordered) with a shipment date of today, 2/6. We shall see if anything actually occurs ;)

 
At February 6, 2009 at 9:16 AM , Blogger alberto said...

I am very comfused my last order (higher order#) is said to ship first than my 3083xxx order. HAS ANYONE RECEIVED THE ACTUAL COIN...DEALERS...THOSE THAT HAD A 1/28/2009 SHIP DATE...ANYONE??????
<><

 
At February 6, 2009 at 9:28 AM , Blogger Michael said...

alberto-

To date, no one has received the coin. Check my latest post for info on how to check order status and possible shipping date.

Link

 
At February 11, 2009 at 9:19 AM , Blogger KTD said...

I ordered my UHR at 1:38 on the 22nd of January, and was told it would be "Backordered" until 6 February. Amazingly enough it WAS shipped on the 6th and in my hot little hands on the 9th of February. What a sweet coin....IF you want it I can probably get it to you LONG before the mint gets you your "Backordered" one.. name your price

 
At February 27, 2009 at 11:15 AM , Anonymous Anonymous said...

Received one this morning...beautiful, better than expected for a business strike..
On to PCGS for grading with crossed fingers

 

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