2009 Fractional Gold Eagle Mintages
Sales of the briefly offered 2009 fractional Gold Eagle bullion coins have now concluded. The mintages for the 1/2 oz, 1/4 oz, and 1/10 oz 2009 Gold Eagles have ended up on the high end, as measured by the total reported sales figures for each denomination.
Typically, the fractional weight Gold Eagles are available throughout the year. This year the situation was different, following a late 2008 announcement that the US Mint would focus production on one ounce Gold Eagles only and delay offering fractional weight versions until later in 2009. The first batch of fractional Gold Eagles was finally offered to authorized purchasers on December 3, 2009 with a second and final allocation available beginning on December 14, 2009.
After the December 3 debut, the US Mint had already recorded sales of 56,000 of the 1/2 ounce coins, 58,000 of the 1/4 ounce coins, and 260,000 of the 1/10 ounce coins. These numbers were already high enough to place each coin above the respective mintage lows for each bullion denomination.
The second batch of coins offered for sale have pushed the totals for the 1/2 and 1/4 ounce coins much higher, but only added slightly to the total for the 1/10 ounce coins. The final sales figures for the 2009 fractional Gold Eagles are shown below.
| 2009 Fractional Gold Eagle Sales | |
| 2009 1/2 oz. Gold Eagle | 110,000 |
| 2009 1/4 oz. Gold Eagle | 110,000 |
| 2009 1/10 oz. Gold Eagle | 270,000 |
The total sales for the 1/2 oz coin actually place it as the fifth highest mintage for a 1/2 oz Gold Eagle bullion coin. The 1/4 oz. Gold Eagle ranks as the sixth highest for its denomination. Only the 1/10 oz coin ends up with a mintage which is below average.
For further comparison, in 2008, the US Mint had sold 50,000 1/2 oz coins, 58,000 1/4 oz coins, and 270,000 1/10 oz coins.
The rapid pace of sales for long suspended products that the US Mint briefly offered near the end of the year has been interesting to witness. Before I attributed this to pent up demand, but is the US Mint inadvertently creating greater demand by delaying products and then offering them for very limited time periods? This year's "flash offerings" of Gold Buffalo coins, fractional Gold Eagle bullion coins, and Platinum Eagle coins all generated greater sales than previous years when the products were available throughout the year.
On a final note, I wanted to say Merry Christmas and Happy Holidays to Mint News Blog readers! Thank you all for your readership and comments throughout the year.
Today on Coin Update News: 2010 Silver Eagle Availability
Labels: Gold Eagles
posted by Mint News Blog @ 8:18 AM
23 Comments:
Merry Christmas to you and yours, Michael! Keep up the good work!
Will second the comment. Merry Christmas and best wishes for a healthy and happy 2010. Thank you Michael for keeping us informed
Michael , I just wanted to say Merry Christmas to you and yours. Also ,to say thanks for all the information you give us here .And last but not least, Merry Christmas and Happy Holidays to everyone on this board!!! Best wishes to all for 2010!!!
MERRY CHRISTMAS to you and all the commenters. May next year bring continued outstanding insight, information, and entertainment to this blog and that we would all use the information wisely.
Merry Christmas and Happy New Year to you Michael and your family, and thanks for the timely information. Merry Christmas to all of you - Peace on Earth and Good Will among all Men. - SFS
Merry Christmas to you, Michael. Your blog contains vast amount of useful information. Please keep it up.
Merry Christmas, and thank you for all of your hard work on our behalf!
Merry Christmas! Thanks for all the work you put into this blog.
Wow! 8 comments and no politics. I think that I will keep it that way. Merry Christmas to all...etc.
Merry Christmas Michael, keep up the great work! Hmmmn it looks like the Kennedy dollar two rolls sets just sold out.
Merry Christmas and Happy New year to all.
I will bet my last dollar that their will be no fractionals of any kind next year.
Thanks for everything Michael and Merry Christmas!
Michael - Merry Christmas and a Happy New Year! Thanks again for all your hard work!!! I think it's going to be a very interesting 2010 where coins are concerned.
Easily I assent to but I about the post should prepare more info then it has.
I know that you think you believe you understand what you think I said but I am not sure you realize that what you think you heard is not what you think I meant.
Michael, With this years Lincoln products and the upcoming products for 2010, has there been any involvement by the President in any of the ceremonies or press releases? Seems to me if he had been more involved more people would have shown greater interest. In a different post there is reference to how a great majority of Americans are unaware of the 4, 2009 nine designs. I included in a Christmas card to all my employees 1 each of each design, which most of them had not seen yet this year. I also wonder does the President and Congress all receive some or all complimentary products from the Mint for their service.
Michael, I would like to suggest that since the new year is almost upon us you create an annual poll. I think some interesting poll questions could be the price of gold at the close of 2010, the best mint product of the year, the lowest mintage coin of 2010, if 2010 proof silver eagles are minted, etc. Then a year later you could review the polls and make comments about them.
I agree with the post above
As the year draws to a close this week, when I look back at the 2009Mint offerings and my collection purchases which began in the early60's, I have no regrets. Going forward I see nothing thus far announced or suggested which will make me apportion funds from my social security checks. I have often chuckled that my collections, accumulations and holdings have spanned almost 50 years, most of which are in their orginal mailing cardboard boxes and mailers. They nearly completely fill a small spare unused bedroom.
I simply refused to buy absurdly priced common commercial coinage, poorly designed pieces, trumped up marketed offerings, and useless junk. Unfortunately the Mint gets the blame for substandard collector material no matter who made the decision to offer them.
Imagine pricing $8.95 for rolls of scratched, dinged, and punched-by-the-million penny's. And there were 8 of them. Crazy. Minting millions of $1 coins that no one uses daily, only to sit in storage warehouses, and make long running programs for people to buy into. Imaging insulting your collector customers and others, by stringing them along for a long established and running series that they were late but coming, then abruptly stopping them. ASE's & AGE's. The final straw in my personal book for 2009.
So in the end, I've saved money by NOT buying them and quite a few other products during the year. I also don't plan to buy most of what I see so far for 2010. Others can.....I won't.....it's all about personal choice. The Mint and those pulling their strings have killed the golden goose. What a pity. ~ Grandpa
Man, there aren't going to be very many London price fixes to determine if there will be a change in the gold coin prices this week! There was only an AM fix on December 24th, and none on the 25th or 28th. If only the price will just dip below $1,100 tomorrow and Wednesday morning! Of course, the Mint might make alternate arrangements since there is not the usual pool of prices to base their prices on.
My vote is still with the 08 gold eagles and buffalos. Even though they are selling at a premium these are the Google of coins!
Grandpa, any recommendations?
As we near the last few days of 2009 I can't help but wonder why I still have not received or seen in circulation ANY 2009 nickels or dimes. I know the mintages were very low, but by now I expected to see at least a few. What is everybody else's experience so far?
John, that's a great idea. I will try to put something together in the coming days.
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