The US Mint released figures on the 2009 American Eagle Silver Coins that were not much of a surprise to collectors and investors. That is not to say that they were dis-appointing, in fact, far from it!
According to the Mint, 30,459,000 of the 2009-dated bullion coins were purchased. This massive number smashes the previous record holder created just the year before with the 2008-dated coins. For that year 20,583,000 were sold, which at the time was impressive in and of itself.
Racking up the fifth best February ever for sales, the US Mint's recently released sales figures show 84,000 of the Gold American Eagle Bullion Coins were sold last month.
While this has to be considered an impressive amount, it is far from breaking any sort of records. One only has to look as far as January 2010 to see higher numbers, albeit only slightly with 85,000 sold.
Of course, both of those months are probably being affected slightly by the Mint's left-over supply of 2009 dated coins. The Mint stated in mid-January that it still had over 50,000 of the previous years strikes in its warehouse. As such, it instituted a policy requiring its authorized purchasers to order one of the 2009-dated coins for every three of the 2010-dated coins that they wanted. Continue reading →
Demand for the American Eagle Gold and Silver Bullion Coins could certainly be considered elevated according to the January sales figures from the United States Mint.
Even with several hurtles to over-come, the Silver Eagles recorded their best ever sales for the month of January with 3,592,500 sold. The Gold Eagles were not as popular but still managed to rack up 85,000 sold before the month closed out, tagging the seventh best January ever for them.
What makes these numbers more incredible are the factors that actually limited the sales of the coins; one of them being the late release of both bullion Eagles. Due to US Mint production issues, both were only made available on January 19, 2010. Typically, the coins are offered for sale much closer to the first of the year. Continue reading →
The United States Mint is no longer selling 2008-W Uncirculated American Silver Eagles. While standalone eagles sold out over a year ago (on Jan. 23, 2009), collectors could still purchase them from the US Mint through the 2008 Annual Uncirculated Dollar Set.
But no longer. The uncirculated set sold out on Thursday after being available for nearly 18 months. They were released on August 7, 2008, for a price of $37.95.
One may wonder why they were on sale for so long. In order to focus on the unprecedented bullion coin demand in 2009, the Mint canceled collector proof and uncirculated 2009-dated eagles, as well as the 2009 Annual Uncirculated Dollar Set. With no replacement last year, the Mint simply kept the 2008s on their store shelves. Continue reading →
The United States Mint sold 2.48 million 2010 American Silver Eagle bullion coins within two days of their Jan. 19 launch, representing more than 8.6% of the total sold as compared to the record-breaking sales in 2009.
Why was there such a significant surge? Eagle demand had built up as a result of their delayed release. Newly dated issues are normally available at the very beginning on January. However, the US Mint decided to continue striking 2009-dated eagles late into last year as a result of high demand, and then sell that inventory until depleted. Their supply was exhausted on Jan 12, which meant buyers had to wait almost an entire week for the 2010-dated silver coins.
Those circumstances along with the desire to own and sell the new issues helped spur demand. Rising silver prices was also a factor. Continue reading →
Only a few days following the release of its 2010 product schedule, the United States Mint told authorized purchasers when they can buy 2010 American Eagle Gold and Silver One Ounce Bullion Coins. The US Mint will accept orders on Tuesday, Jan. 19, 2010, in an allocated or limited basis.
These eagles, which are the investment versions of the also popular collector proof and uncirculated eagles, have already been delayed by enormous demand that has strained the Mint's supplies of bullion coin blanks. This is the same demand which resulted in cancellations of the aforementioned collector eagles during 2009. Continue reading →
The sellout was not exactly surprising. Over 7,200 eagles were sold in the first four days of issue -- they launched on Dec. 3. That easily topped the 4,769 sold by the United States Mint in all of 2008.
A few collectors may still have a shot at buying the coins directly from the US Mint. While the Mint has taken in more than enough orders, cancellations and returns are always possible. As such, a waiting list has been implemented, with the following statement posted at the Mint's online store for the coins:
Waiting List Notice: The number of orders we have taken meets the maximum limit for the 2009 American Eagle One Ounce Platinum Proof Coin. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list.
When we place your order on the waiting list, we will send you an order receipt. This is not a guarantee that you will receive your order. If we are not able to fulfill part or all of your order, you will receive a cancellation or sold-out notification. If you paid by check, you will receive a refund.
The US Mint has not sold 2009 American Silver Eagle Bullion coins since late November as a result of a depleted inventory due to exceptionally strong demand -- the 2009 total sales figure for the silver coin is just 7,000 shy of 26 million, an all-time high.
On Friday, December 4, the Mint announced that the eagles would again be available to authorized dealers, but on an allocated basis.
"On Monday, December 7, 2009, the United States Mint will resume taking orders for 2009-dated American Eagle Silver Bullion Coins," said U.S. Mint Director of Public Affairs Tom Jurkowsky. "These coins will be allocated among the Authorized Purchasers via the United States Mint standard allocation process."
The Mint does not sell American Silver Eagle bullion coins directly to the public, but to a network of Authorized Purchasers for a small amount over the current spot price of gold. These purchasers then resell them to coin dealers, precious metal providers, or to the public directly. Continue reading →
In what is sure to be a good day for collectors, five new products are being released by the US Mint tomorrow (December 3, 2009).
As previously posted, the Margaret Taylor First Spouse coins are two issues that will become available. These coins are struck from one half ounce of 24-karat (.9999 fine) gold to either a proof or uncirculated condition. These will be the last First Spouse coins to be released this year and are expected to initially sell for $754 for the proof and $741 for the uncirculated, based on the Mint's pricing matrix.
The proof and uncirculated versions of the American Eagle Gold and Silver coins will not be available this year from the US Mint according to a statement they released yesterday. As you may recall, sales of these coins were suspended back in March before they were even offered to the public.
"Unprecedented Demand" was the reason the Mint gave for both the suspension in March as well as its continuation now. All available 22-karat gold and silver bullion blanks are being directed towards the production of the bullion Eagles, leaving none for the collectors proof and uncirculated coins.