After a year of heavy demand, the United States Mint will begin offering the 2010 American Gold Eagle bullion coin with a slight delay. Typically, authorized purchasers are able to order the coins in late December for delivery in early January. This year orders won’t be accepted until January 19, 2010.
The reason for the delay is because the US Mint continued to produce the 2009-dated Gold Eagle bullion coins up until the end of the year, amidst the continuing high demand. This demand resulted in the fourth highest annual sales total of gold bullion in ounces.
Typically, production of coins bearing the following year’s date will begin by early December. This, in turn, allows the US Mint to accept orders earlier and begin delivery a few days into the new year.
The only gold bullion coin offered will be the one ounce 2010 Gold Eagle. The status of fractional weight offerings has not been provided. During 2009, the US Mint sold only the one ounce coins for the first eleven months of the year and offered the fractional Gold Eagles during December.
During December, the United States Mint briefly offered 2009 American Gold Eagle bullion coins in fractional weights. This included one-half ounce coins, one-quarter ounce coins, and one-tenth ounce coins.
In addition to bullion coins, the United States Mint will also be producing a collectible proof version of the 2009 American Gold Buffalo. The status of this product was uncertain for much of the year, until the tentative release of the coin on October 29, 2009 was finally announced in early October.
After nearly one year of suspension, the United States Mint recently resumed production of the 24 karat American Gold Buffalo Bullion coins. This coin series had been introduced in 2006 as the US Mint’s second gold bullion coin program. As opposed to the existing American Gold Eagle Coins, which are struck in 22 karat gold, the Gold Buffalo Coins would be struck in a composition of 24 karat gold. Numerous world mints produce bullion coins in 24 karat gold, and the composition is preferred by some investors.
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The United States Mint expanded its line of collectible American Gold Eagle coins in 2006. They introduced the collectible uncirculated Gold Eagle, sometimes referred to as “Burnished Gold Eagles.” These coins are struck on specially burnished blanks and carry the “W” mint mark. As opposed to bullion coins, these were sold directly by the US Mint and not through the network of authorized bullion dealers.
The United States Mint has offered proof versions of the American Gold Eagle since 1986. These collectible versions of the popular bullion coins are minted using a special process where the coin is struck multiple times with specialized dies. The resulting coins feature sharp details and a cameo contrast of frosted raised elements and mirrored fields. Typically, the proof coins have been offered in 1 oz, 1/2 ounce, 1/4 ounce, and 1/10 ounce sizes, with a complete 4 Coin Set also offered. According to an announcement from the US Mint released this week, Proof Gold Eagles will not be minted during 2009.
Continuing coverage of the fallout from yesterday’s US Mint announcement, the 2009-W Uncirculated Silver Eagle has been canceled. The 2009 Annual Uncirculated Dollar Coin Set, which would have contained this coin has similarly been canceled.