• seperator

Fractional Eagles sellout now fact

The U.S. Mint has sold out of its 2009 half-ounce and quarter-ounce American Eagle gold coins, but a blizzard that shut down federal offices for a day Dec. 21 delayed confirmation of that fact until Dec. 22.

The latest sales figures showed 110,000 half-ounce coins sold as of Dec. 18, up 9,000 from the last reported figure.

Sales of quarter-ounce coins registered the same 110,000 pieces, up 10,000 coins from the number reported prior.

Secondary market bullion dealer Julian Jarvis of Greencastle, Ind., said Dec. 21 for “Coin Chat Radio” that the fractional coins were gone.

The tenth-ounce coins had been reported sold out previously at 270,000 coins.

Jarvis speculated that it was promotion houses that had snapped up the tenth-ounce coins. He said the investors he dealt with were not interested in the coins at the 30 percent premium he would have to charge.

Premiums for the other two fractional coins were lower. Jarvis said the half-ounce coin was currently around 10 percent.

Weekly Mint sales of one-ounce American Eagles were supposed to continue through the month of December. As of Dec. 18, sales of this coin totaled 62,500.

For the year, the Mint has sold 1,256,000 of the one-ounce gold American Eagle coins and 27,843,000 of the one-ounce silver American Eagles.

Jarvis said the current premium on the silver Eagle was about $2 per coin over the spot price of silver, which was approximately $17 an ounce when he spoke.

The Mint sells American Eagle coins only to its small group of authorized purchasers.

More Resources:

2010 U.S. Coin Digest, The Complete Guide to Current Market Values, 8th ed.

State Quarters Deluxe Folder By Warmans

Standard Guide to Small-Size U.S. Paper Money, 1928 to Date

Strike It Rich with Pocket Change, 2nd Edition

This entry was posted in Articles, General News, News. Bookmark the permalink.

Leave a Reply