A week after announcing the inventory depletion and temporary suspensions of 2009 American Gold Eagle bullion coins, the United States Mint today provided follow-up information on the return of the one ounce and fractional sizes, as well as an update for how long they will available.
Fractional Gold Eagles in 1/2 oz, 1/4 oz and 1/10 oz sizes will be released on Monday.
"The additional limited quantity of 2009 American Eagle Gold Half-Ounce, Quarter-Ounce and Tenth-Ounce Bullion Coins will be offered via the United States Mint standard allocation process on Monday, December 14, 2009," said U.S. Mint Director of Public Affairs Tom Jurkowsky.
Jurkowsky said that "no additional inventory will be produced" after the supply of these coins are depleted.
The fractional Gold Eagles posted record sales with 345,000 sold on their release day (Dec. 3, 2009). The single day sales approached the levels sold during all of 2008. The US Mint told its authorized dealers a day later that its inventory of the 1/10 oz coins was depleted and that the 1/2 oz and 1/4 oz weights were "very limited." The aforementioned suspensions followed.
With the initial coin inventory now gone and a waiting pattern in affect for their return, it is already known that the 1/2 size has topped 2008 levels and the 1/4 size has matched it. The following two tables of sales data provided by the US Mint offer a clearer picture:
Fractional 2009 American Eagle Bullion Coin Sales
1 oz | 1/2 oz | 1/4 oz | 1/10 oz | |
January | 92,000 | 0 | 0 | 0 |
February | 113,500 | 0 | 0 | 0 |
March | 136,500 | 0 | 0 | 0 |
April | 147,500 | 0 | 0 | 0 |
May | 65,000 | 0 | 0 | 0 |
June | 116,000 | 0 | 0 | 0 |
July | 86,000 | 0 | 0 | 0 |
August | 82,000 | 0 | 0 | 0 |
September | 115,500 | 0 | 0 | 0 |
October | 115,500 | 0 | 0 | 0 |
November | 124,000 | 0 | 0 | 0 |
December | 0 | 56,000 | 58,000 | 260,000 |
Total | 1,193,500 | 56,000 | 58,000 | 260,000 |
Fractional 2008 American Eagle Bullion Coin Sales
1 oz | 1/2 oz | 1/4 oz | 1/10 oz | |
Total | 794,000 | 50,000 | 58,000 | 270,000 |
The bullion one ounce Gold Eagles have been available through most of the year, although they have suffered through several temporary suspensions as a result of enormous demand. The most recent freeze occurred on Nov. 25. They will return Tuesday.
"We will resume the sale of 2009 American Eagle Gold One Ounce Bullion Coins via the United States Mint standard allocation process on Tuesday, December 15, 2009," said Jurkowsky. "We will continue the allocation of these coins until at least the end of December 2009, on a weekly basis."
The United States Mint anticipates production of the 2010-dated American Eagle Gold Coins to begin in January.
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