US Mint Begins 2010 Gold and Silver Eagle Sales

The United States Mint began sales of 2010 Gold Eagle and 2010 Silver Eagle bullion coins to authorized purchasers on January 19, 2010.

On the first day of availability, authorized purchasers took 2,440,000 of the 2010 Silver Eagles and 30,500 of the 2010 Gold Eagles. An additional 18,500 2009-dated Gold Eagles were sold.

On January 13, 2010, the US Mint had run out of the remaining inventory of 2009 Silver Eagles after selling 367,500 coins. Authorized purchasers had to wait nearly another week for the 2010-dated coins to go on sale. On the same date, the Mint had announced that 51,000 one ounce 2009 Gold Eagles remained available. As a requirement of receiving 2010-dated Gold Eagles, authorized purchasers would have to order a stated amount of 2009-date coins as well.

The strong opening sales for the bullion coins comes during down week for gold and silver. Gold declined by $44 or 3.9% this week to end at $1,084.00 per ounce. Silver declined by $1.24 or 6.7% to finish at $17.28 per ounce. Prices are based on the last available London Fix prices.

With the addition of orders from later in the week, month to date sales for American Silver Eagles has now reached 3,090,500. This amount already exceeds the number of Silver Eagles sold during the entire month of January 2009, when sales of 1,900,000 were recorded.

The total number one ounce Gold Eagle coins sold so far duringthe month has reached 81,000. For the entire month of January 2009, the US Mint had recorded sales of 92,000 one ounce coins.