June 8, 2026

Archives for August 2009

Where are the 2009 American Platinum Eagles?

The year is nearly three-quarters of the way completed, and there have been no 2009 American Platinum Eagle coins available from the United States Mint in any form.

Last year on October 25, 2008, the US Mint had announced the sale of the final inventory of 2008 Platinum Eagle bullion coins. They later announced on November 24, 2008 that their inventory had been depleted and the release of 2009 dated platinum bullion coins would be delayed. Since this date, I am not aware of any communication or update issued by the US Mint with regards to their platinum coin offerings.

During this ten month time period, the price of platinum has recovered from its lows and posted more than a 50% gain. The price of platinum hit its low right around the time the US Mint stopped selling it.

Chart- Kitco.com

This is not the only bullion or collectible bullion coin that the US Mint has delayed this year. Among the list of expected 2009 precious metals coins expected, but still not issued are: fractional Gold Eagle bullion coins, 24 karat Gold Buffalo bullion coins, collectible proof and uncirculated Gold Eagles, collectible proof Gold Buffaloes, collectible proof and uncirculated Silver Eagles, and collectible proof Platinum Eagles. For the missing gold and silver coins, the US Mint has offered blanket explanations about a tight supply of precious metals blanks. (These explanations were posted earlier in the year, when the arguments actually made sense.) There has been no explanation offered for the missing platinum coins.

Incidentally, the Royal Canadian Mint has been selling their platinum coin, the Platinum Maple Leaf, for most of the year. This coin program had actually been suspended after 2002 amidst a lack of demand. The RCM revived the program this year amidst strong demand . Incidentally, this was a coin program that had been suspended since 2002. It was revived in 2009, amidst strong demand from distributors.

US Mint Gold and Silver Bullion Sales July 2009

During the month of July, sales of physical bullion at the United States Mint were somewhat split. In the case of silver, sales as measured by the number of ounces sold reached the second highest level of the year. In the case of gold, sales as measured in ounces marked the second lowest total for the year.

The table below displays the number of ounces of gold bullion sold by the United States Mint during the month of July. As the case has been all year, sales were limited to one ounce American Gold Eagles and one ounce American Silver Eagles. Platinum bullion and fractional gold bullion coins were not offered.

July 2009 US Mint Bullion Sales
1 oz. 1/2 oz. 1/4 oz. 1/10 oz. Total oz. YTD Total oz.
Gold Eagle 86,000 86,000 756,500
Silver Eagle 2,810,000 2,810,000 16,634,500
Platinum Eagle

Sales of the Gold Eagle reached 86,000 ounces. As mentioned, this represented the second lowest monthly sales total this year. The low of 65,000 took place in May. It should be noted that the level of sales still remains above the monthly total reach one year ago in July 2008 when 50,000 ounces were sold. Although the furious pace of gold sales has slowed, it remains historically high.

Sales of 2009 Silver Eagle bullion coins reached 2,810,000, marking the second highest monthly total of the year. The highest level was reached in March when 3,132,000 ounces were sold. This month’s total represents a hefty125% increase over the sales levels from the year ago period. Notably, the number of ounces of silver sold year to date is now approaching the total number of ounces sold during the entire year of 2008, which was 19,583,500. One more month of strong sales would push this year’s total above the mark.