US Mint Ends 2009 Buffalo Gold Bullion Coin Sales, Inventory Depleted
The United States Mint today ended the sale of 2009 American Gold Buffalo Bullion Coins, telling customers in a memo that its inventory has been depleted and that no more of the 2009-dated coins would be produced.
"The United States Mint has depleted its inventory of 2009 American Buffalo One Ounce Gold Bullion Coins," the US Mint stated in a memorandum to authorized purchasers of the precious metal coins. "No additional inventory will be made available. As additional information becomes available regarding 2010-dated American Buffalo One Once Gold Bullion Coins, you will be notified."
Despite their late Oct. 15 release date, sales of the bullion Buffalos topped those from 2008 and 2007, as the following table shows:
Gold, Silver, Metal Prices: Commentary – 12/04/2009
US Mint Offers 2009 Margaret Taylor First Spouse Gold Coins
The United States Mint on Thursday issued collector proof an uncirculated 2009 Margaret Taylor First Spouse Gold Coins for the respective prices of $754 and $741. The coins are the thirteenth in a series of commemoratives designed to honor former first ladies of the United States.
Margaret Taylor First Spouse Gold Coins, Proof and Uncirculated Options - Click to Enlarge
The coins for Margaret Taylor feature a portrait of her on the obverse (heads side) that was designed by Phebe Hemphill and sculpted by Charles L. Vickers. The reverse (tails side) was designed by Mary Beth Zeitz and sculpted by Jim Licaretz. It features a younger Margaret providing comfort to a wounded soldier while her husband was engaged in the Seminole War.
Each contains 1/2 ounces of 24-karat, .9999 fine gold, includes the "W" mint mark denoting their production at the US Mint facility in West Point, and has a face value of $10.
US Mint Launches 2009 Platinum Eagle Proof
The US Mint today released the 2009 American Eagle Platinum Proof Coin at an inaugural issue price of $1,792.
The coins each contain 99.95 percent pure platinum, are limited to a maximum mintage of 8,000 and have a order limit in place of five per household.
The 2009 Platinum Eagle features a new reverse or tails side design emblematic of the principle "To Form a More Perfect Union," the first of six principles of American democracy found in the Preamble to the United States Constitution.
This year's theme depicts the diversity of the nation with four faces on the left looking towards the right, hair and clothing weaved together. The weaving completes a circle where within the concept is inscribed. It was designed by Susan Gamble and sculpted by Phebe Hemphill.
All-New PCGS Web Site is Launched
Gold Hits Yet Another Record, Silver Retreats
US Mint Sells 345,000 Fractional 2009 Gold Eagles on Release Day
Fractional 2009 American Eagle Gold Bullion Coins were released today and initial reports by the US Mint show they are on fire, with sales already approaching totals from all of 2008.
Spurring demand are bullish gold prices. The yellow metal was driven to another record of $1,227.50 an ounce in New York on Thursday, marking a third straight day of all-time highs. Gold has now closed at a fresh high for the 20th trading day since Nov., and is up 38 percent this year.
Last week's US Mint suspension of the one-ounce size due to "strong demand" and a "depleted" inventory also helped the fractionals.
As announced in early Oct., the US Mint released the Eagle Gold Bullion Coins in one-half ounce, one-quarter ounce, and one-tenth ounce weights. Together, the Mint sold 345,000 coins to its authorized purchasers for a total of 58,000 ounces of gold. That, without a single one-ounce size leaving Mint doors.
US Mint Issues 2009 First Spouse Bronze Five Medal Set
Gold, Silver, Metal Prices: Commentary – 12/03/2009
US Mint Sales: Uncirculated Mint Sets Top 600,000; Gold Moves
The newest US Mint sales report is reminiscent of last week's, with few notables outside of bullion coins. Collectors were more stingy in their spending, or perhaps they simply stepped away from the buying table during the Thanksgiving holiday week.
In a change from the prior report that showed most US Mint coin sets had better than normal gains, only three stood out in this round -- the 2009 DC & US Territories Quarters Set, the 2008 Annual Uncirculated Dollar Coin Set and the 2009 US Mint Uncirculated Set.
The 2009 Mint Set screamed the loudest, marking a two-week winning streak. Sales dramatically popped above 600,000 thanks to a huge weekly jump of 28,613 -- more than 9,000 above the previous increase.
