2009 UHR Double Eagle Order Limit Raised to 25
The US Mint has indicated that the ordering limit for the 2009 Ultra High Relief Double Eagle Gold Coin will be raised once again- this time to 25 coins per household. The increased limit will go into effect on August 31, 2009 at 12:00 Noon ET.
When the UHR initially went on sale, the US Mint had set the ordering limit at only one coin per household. The purpose of the limit was to "ensure that all members of the public have fair and equal access to United States Mint products." A secondary, unstated purpose of the limit was the limited availability of the specialized 24 karat gold blanks needed to produce the coins.
The limit was finally raised to 10 coins per household starting on July 27, 2009. This set off an increased pace of sales throughout the month of August. In the most recent week of sales reported, the US Mint sold 2,901 coins. Some of the recent rise was attributable to heavy buying at the US Mint sales booth at the World's Fair of Money. The new 25 coin limit may serve to support or even increase the the rapid pace of sales.
Many readers have already raised the question: If the US Mint can produce and sell mass quantities of the UHR, why can't they produce and sell their other collectible gold, silver, and platinum coins?
There have been on and off reports about whether certain coins will be produced such as the 2009 Proof Gold Buffalo, and a few reports about the US Mint starting to receive the necessary precious blanks. However, there has been nothing definitive about when the coins will be available for collectors. The US Mint's website offers the same explanation about the temporary suspension of the products due to the "unprecedented demand" for bullion coins. This message has appeared without an update since March.
Labels: Ultra High Relief