2010 Fractional American Gold Eagle Bullion Coins on Sale June 10


American Eagle Gold Bullion CoinThe United States Mint this morning officially announced a release date of Thursday, June 10, for the 22-karat 2010 American Eagle Gold Bullion Fractional Coins.

The one-ounce Gold Eagle went on sale January 19. Buyers have sprung at the chance to scoop them up. 190,000 were sold during May, which was the highest sales level since 1999.

The fractional sizes that will be available include the one-half, one-quarter and one-tenth ounce. The US Mint indicates they will be offered for sale through the "standard allocation process."

As has been the case for all US Mint bullion coins this year, demand for the fractionals is expected to be exceptionally high. The 2009-dated versions were released on December 3. Sales exploded. On that day alone 345,000 were sold for a total of 58,000 ounces of gold.

On the very next day the Mint announced that the supply of the smallest size was depleted, and that the other two sizes were nearly exhausted. It offered the remaining coins in an allocated process, and then suspended sales until the final 2009 inventory was produced from available in house blank supplies. Sales resumed on December 14. In just over a week, the mintages of the one-half and one-fourth ounce weights nearly doubled, and all fractional sizes were gone for good. Their final sales figures follow:

Fractional Gold Bullion Sales

2009 1/2 oz Eagle 110,000
2009 1/4 oz Eagle 110,000
2009 1/10 oz Eagle 270,000

The Mint sells bullion coins for a small amount over the current spot price of gold, but only to authorized purchasers. The authorized purchasers in turn resell the coins to coin dealers, precious metal providers and/or directly to the public.

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[…] Fractional American Gold Eagle bullion coins went on sale June 10. Again, no suspensions have since been announced. Further, the confidence in offering the coins in […]

[…] United States Mint experienced a rush of orders for the fractional Gold Eagles on June 10 when they were first released to its network of authorized purchasers. Prior to that, […]

[…] An exact date is yet to be announced but the one-ounce, half-ounce, quarter-ounce and tenth-ounce proof 2010 Gold Eagles are expected to launch in mid-October, according to White. The bullion one-ounce version has been available since January 19, 2010, with the fractional bullion sizes released on June 10, 2010. […]