2009-W Uncirculated & Proof Gold Eagles Suspended
Following a similar statement posted for the 2009-W Proof & Uncirculated Silver Eagles, the US Mint has "temporarily suspended" production of the collectible American Gold Eagle Coins.
The suspended coins would include the 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz 2009 Proof Gold Eagles and the 1 oz. 2009-W Uncirculated Gold Eagle. The remaining fractional denominations for the collectible uncirculated Gold Eagles had previously been announced as discontinued.
The following message is posted on the US Mint's website on the product pages where the collectible Gold Eagles would usually appear:
Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .”Collectors or investors looking to purchase 2009 dated gold coins from the US Mint have extremely limited options at this point.
The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced.
On the bullion coin front, the US Mint has only produced the basic 1 oz. American Gold Eagle coins. To date they have not produced any of the fractional Gold Eagle denominations or the 24 karat Gold Buffalo bullion coins. The 1 oz. 2009 Gold Eagle continues to be subject to rationing.
On the collectible coin front, the only 2009 dated gold coins available are the 2009 Anna Harrison First Spouse Gold Coin and the 2009 Ultra High Relief Double Eagle Gold Coin. Both of these coins arguably carry high premiums. They are currently priced at $629.00 (proof) or $616.00 (uncirculated) for the Anna Harrison coin and $1,289.00 for the UHR Double Eagle.
Labels: Gold Eagles