2010 Gold and Silver Eagle Bullion Coins
To follow the previous post on 2009 gold and silver bullion sales, I wanted to provide the known information about the upcoming 2010 Gold and Silver Eagle bullion coins, which will be released later this month.
Based on information released to their network of authorized purchasers (APs), the production of 2010 Gold and Silver Eagle bullion coins began in January 2010. The Mint will begin accepting orders from the APs on January 19, 2010.
The available coins will include the one ounce 2010 Silver Eagle and the one ounce 2010 Gold Eagle bullion coins. Orders for the coins will be placed under the US Mint's allocation procedures, which rations the available supply of coins amongst the APs. Until the US Mint starts accepting orders for the 2010-dated coins, authorized purchasers can continue to order 2009-dated coins under the allocation procedures.
There has been no information provided on the status of fractional 2010 Gold Eagles, 2010 Gold Buffalo bullion coins, or 2010 Platinum Eagle bullion coins. Last year, the fractional 2009 Gold Eagles were offered in December, the 2009 Gold Buffalo bullion coins were offered starting in October, and 2009 Platinum Eagle bullion coins were not produced.
Numerous dealers have begun accepting pre-orders for the 2010 Gold and Silver Eagles for delivery before the end of January. There are many pre-sales also listed on eBay.
This year's procedures for releasing the newly dated Gold and Silver Eagles are different than usual. Typically, production of bullion coins bearing the following year's date begins in late November or early December of the preceding year. The US Mint then begins accepting orders from APs in late December for delivery in the first week of January. The changes to traditional procedures were prompted by the ongoing heavy demand for bullion coins, which resulted in the US Mint continuing to strike 2009-dated coins until year end.
Separately, there has been no additional information provided for the America the Beautiful Silver Bullion Coins. These five ounce silver coins will feature designs which are exact duplicates of the America the Beautiful Quarters. The oversized bullion coins will be distributed through the US Mint's network of authorized purchasers and possibly through the National Park Service, which is authorized to purchase the coins for resale with possible repackaging.
Designs for the first five silver bullion coins are still unknown, since final designs for the 2010 America the Beautiful Quarters have not been selected by the Treasury Secretary. The design candidates were reviewed by the CFA and CCAC in September 2009. (Follow the links to read their recommendations and view the candidate designs.)