Mint News Blog

News, Information, and Commentary on US Mint Products

Friday, December 4, 2009

Fractional 2009 American Gold Eagles


Yesterday, the US Mint began sales of fractional weight 2009 Gold Eagle bullion coins. The coins available include the 1/2 ounce, 1/4 ounce, and 1/10 ounce.

For more than one year, the production of Gold Eagle bullion coins has been restricted to one ounce coins. Towards the close of last year, the US Mint had announced the delayed launch of numerous 2009 dated bullion coins "until later in 2009." They had cited the limited quantity of blanks available from suppliers amidst the continuing high demand for bullion coins.

An update on the status of the delayed products finally came in October 2009 when the US Mint announced the cancellation of certain bullion and collectible coins and the availability dates for others. The fractional Gold Eagle bullion coins were set for release on December 3, 2009.

Even though the release was only yesterday, the first sales totals for the fractional 2009 American Gold Eagles are already available and presented below.

2009 Fractional Gold Eagle Sales
2009 1/2 oz. Gold Eagle 56,000
2009 1/4 oz. Gold Eagle 58,000
2009 1/10 oz. Gold Eagle 260,000

When the fractional Gold Eagles bullion coins were first announced, it seemed possible that they might end up with unusually low mintages since the coins would only be available for a single month. Based on the preliminary sales data, this will not be the case. These initial sales figures already place mintages well above the current mintage lows for each fractional Gold Eagle denomination.

Gold Eagle Bullion Mintage Lows
Weight Year Mintage
1 oz. 2007 140,016
1/2 oz. 1991 24,100
1/4 oz. 2007 34,004
1/10 oz. 1988 159,500

As with the 2009 Gold Buffalo bullion coin, strong sales for the fractional 2009 Gold Eagles seems to be driven by pent up demand from precious metals investors and possible additional demand from coin collectors. Despite the fact that the coins will only be produced and offered for one month, it seems like they will surpass last year's annual totals, which were achieved when the coins were available throughout most of the year.
Today on Coin Update News: US Mint Bullion Coin Sales for November 2009

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15 Comments:

At December 4, 2009 at 2:49 PM , Anonymous Anonymous said...

Well, that's a bummer for anyone who bought them hoping for a rare collectible!

 
At December 4, 2009 at 3:10 PM , Anonymous Anonymous said...

umm... I think you should have mentioned that the 2009 godl buffalo's are done. The mint has announced they are sold out and will not make more.

Silver and Gold eagle 1 oz coins are to go back on sale next week, and the fractional 1/10 oz coins are suspended, and the 1/2 oz and 1/4 oz gold eagles are close to being sold out/suspended. All of this was announced by the mint today, might be worth telling people!

 
At December 4, 2009 at 3:35 PM , Blogger Michael said...

um, wow.

I'll add that to the main post. It is my birthday today. I haven't been keeping up with everything.....

 
At December 4, 2009 at 4:21 PM , Anonymous Anonymous said...

Happy Birthday Michael and thanks for the hard work you do providing us with valuable information FOR FREE...

John

 
At December 4, 2009 at 5:23 PM , Anonymous Anonymous said...

Indeed. Happy Birthday Mike! What a nice job done here.

 
At December 4, 2009 at 5:57 PM , Anonymous Anonymous said...

How many 21st bdays is this?

 
At December 4, 2009 at 6:02 PM , Anonymous Anonymous said...

The is is off your article topic, may be controversial, and irritate some but I am gonna say it anyway: HAPPY BIRTHDAY and many more.

 
At December 4, 2009 at 6:08 PM , Anonymous Anonymous said...

Happy Birthday, Michael. Thanks, for the forum.

 
At December 4, 2009 at 7:37 PM , Anonymous Anonymous said...

HAPPY BIRTHDAY!!!

 
At December 4, 2009 at 7:38 PM , Anonymous Anonymous said...

I nominate Michael to be the next Mint Director, serious.

 
At December 4, 2009 at 8:13 PM , Anonymous Anonymous said...

Okay, this is kind of off topic. But it does tie in with Fractions. What is a good buying price for the 2008 W $10 Gold Eagles Unc? They have been selling for crazy prices but I recently bought two Raw $789 which I thought was a very good price. Any thoughts on the future value of these coins would be greatly appreciated!

 
At December 5, 2009 at 6:18 AM , Anonymous Anonymous said...

Michael - Many happy returns! Thanks for all the good information. Your blog rocks (as they say on the left coast)!!!

 
At December 5, 2009 at 6:38 AM , Anonymous Anonymous said...

Michael, YOU ARE THE MAN !!!!!!!!!!!

 
At December 5, 2009 at 7:34 AM , Blogger Michael said...

Thanks everyone for the birthday wishes!

I have just published a new post on the bullion coin situation.

 
At December 5, 2009 at 10:31 AM , Anonymous Obamao said...

Happy Birther Day, er, Birthday, Mike! (sorry couldn't help a dig at all the politicos posting here).

Interesting concept, that-- collectors chasing after bullion coins for potential numismatic appreciation ... it seems that the higher mintages of the 2009 fractionals would keep values limited to spot price, but then again 2009 is an unusual year-- there's more pent-up demand etc., and look at other bullion coins like the Chinese 1-oz. silver Panda, some years of which go for $100. Most dates have very high mintages-- in the half-million unit range-- the average cost of a back-date is around $40-$50; one can only assume it's the large Chinese population supporting the higher prices, so perhaps a similar demand in America for 2009 gold fracs will cause a corresponding rise in price? The book says no, but sometimes you have to play your gut and not the odds.

I'm just glad I snapped up some 2008-W fracs in the waning days last year, yowzer! In fact, I made some very profitable late-year purchases based on some of the posts in this blog. Thanks Mike!

 

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