CoinNews

It took just over a week for it to happen. The US Mint has sold out of the 2009 American Eagle Platinum Proof Coins, exactly as had been predicted by many numismatic resources.

Released at Noon Eastern on Thursday, December 3, 2009, the Platinum Eagles were limited to a mintage of only 8,000. Over 7,200 of those sold in the first few days, even with a household order limit of 5 pieces in place. The US Mint sold just 4,769 of the one ounce proof coins during all of last year.

Collectors interested in obtaining an Eagle still have the opportunity to sign up for a waiting list, according to a statement on the order page at the US Mint's website:

Waiting List Notice: The number of orders we have taken meets the maximum limit for the 2009 American Eagle One Ounce Platinum Proof Coin. You may still place an order for this product, which will go on a waiting list. If a product becomes available due to an order cancellation, we will fulfill orders from the waiting list on a first-in, first-served basis. We cannot provide information about your position on the waiting list.

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The latest US Mint sales report shows stronger demand for proof and uncirculated sets, higher interest in all silver coins, and opening figures for three recently released products.

In a quick review of the new products:

• 7,207 of the allotted 8,000 American Platinum Eagle Proof Coins were purchased by collectors in four days. In contrast, the Mint sold 4,769 of the one ounce 2008-dated coins through all of last year. Given that the new eagles are the only platinum option available from the Mint this year -- no bullion versions, fractional sizes, etc. -- it seems likely they will sell out, and soon.

• Northern Mariana Islands quarters in bags and rolls were released on Nov. 30. While the 1000-coin bags are not as strong as the opening numbers for the prior US Virgin Islands quarter, the 100-coin bags and two-roll sets are selling slightly better. Now that collectors have learned that the new quarters have the lowest mintages of any in decades, it would seem logical for short term demand to remain strong.

• Margaret Taylor First Spouse Gold Coins went on sale Dec. 3. Opening numbers have the proofs at 1,791 and the uncirculated options at 1,048. They beat the inaugural sales of the September released Sarah Polk First Spouse Coins, which came in at 1,684 and 921.

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The next four designs to be issued as part of the Presidential $1 Circulating Coin series were unveiled Tuesday by the US Mint. Featured former Presidents that will be seen on the 2010 coins are Millard Fillmore, Franklin Pierce, James Buchanan and Abraham Lincoln.

2010 Presidential Dollar Designs - See Large Individual Images Below

These coins will mark the thirteenth through the sixteenth coins to be issued in the series which began in 2007 with George Washington.

"Each of the Presidential $1 Coins is a tribute to the men who made tremendous personal sacrifices to lead our country," United States Mint Director Ed Moy stated in a media release about the designs. "I hope this tribute continues to inspire a renewed sense of pride in our Nation's rich history as we move into the fourth year of the Presidential $1 Coin Program."

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