Gold Retreats for Third Day, Silver and Platinum Fall
US Mint 2009 Silver Eagle Bullion Coins Top 27 Million
Bonhams New York Inaugural Coins and Banknotes Sale, Incredible US Gold...
US Mint 2009 Proof Platinum Eagle Coins Near Sell Out
2009 American Eagle Platinum Proof Coins launched on Thursday, Dec. 3. By Sunday, sales reached 7,207 of the maximum 8,000 allotted according to the latest US Mint report on current coin purchases. A sell out appears imminent, and is only a matter of time.
The price tag for the 99.95 percent pure, one ounce platinum eagle is currently set at $1,792.00, with an order limit in place of 5 per household. While the price may seem high for a modern collectible with a premium of some $350 over the current spot of platinum, it is a bargain when considering the 2008 issue price of $2,299.95.
Platinum Eagles have not been available from the US Mint all year and, and as it announced in October, no bullion versions will be struck until at least 2010.
Also, there are no uncirculated versions and no fractional one-half, one-quarter and one-tenth ounce sizes -- these were discontinued when the Mint reshaped its numismatic product line in Nov. 2008.
These facts help explain the increased demand, and faster selling pace. The US Mint sold just 4,769 of the one ounce proof coins last year.
US Mint Coin Production Plunges In November 2009
Circulating coin production from October to November dropped by nearly 80 percent, according to the latest mintage figures provided by the US Mint today. The Mint struck just 76,060,000 coins for circulation in November, as compared to nearly 354 million in October.
US Mint 2009 Circulating November Coin Production
| Denver | Philadelphia | Total | |
| 2009 Lincoln Cents | 53,600,000 | 8,000,000 | 61,600,000 |
| Jefferson Nickels | 0 | 0 | 0 |
| Roosevelt Dimes | 0 | 0 | 0 |
| Quarters | 11,800,000 | 0 | 11,800,000 |
| Kennedy Half Dollars | 0 | 0 | 0 |
| Native American $1 | 0 | 0 | 0 |
| Presidential $1s | 0 | 2,660,000 | 2,660,000 |
| Total | 65,400,000 | 10,660,000 | 76,060,000 |
Only pennies, quarters and Presidential $1 coins were produced, with most of the work coming from cents made in Denver.
Last month was short in revelations when it came to learning more final mintages by coin design, but November reveals Northern Mariana Islands Quarters and Zachary Taylor Presidential Dollars numbers, as the following table highlights:
Northern Mariana Islands Quarters Mintages Scarcest
US Mint Christmas and Braille Silver Dollar Order Deadlines Approach
Gold, Silver, Metal Prices: Commentary – 12/07/2009
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Bullion & Business Weekend Report – Dec. 5
