I would not be surprised at all if the mint sells out of the 2009 Ultra High Relief Double Eagle Gold Coins in the next two or three weeks. Here is my reasoning:
1. They have increased there limits from 1 to 10 to 25 and now unlimited. They gave more than enough time for collectors to purchase them.
2. The mint seems to like round numbers lately, maybe it’s a Moy thing, but 100,000 sounds like a really nice round number.
3. Gold is at a high, and the mint would like to sell the last 8,000 or so at this huge markup, so hence getting rid of the cap.
4. The mint is currently doing an inventory check, and I’m sure they would like to get these off there books.
5. The back order dates have increased this week. Granted originally they were back ordered when they first came on sale, but that was many months ago when they were still relocating and were all messed up. So I think the current increasing back ordering makes perfect sense. The back order dates increased from 10/1 to 10/10
6. The specialized gold blanks used for the UHR are made in Australia by the Perth Mint and are difficult to obtain. I have to imagine the US Mint will not be ordering any more, especially if they are going to sell any other gold products for the coming holiday season.
7. And lastly I believe that this will be a large sales this week due to the price of gold and dealers trying to stock up before the 50 dollar price increase.
I feel confident these coins won’t be around in November……
John Crosby is known as modern-coins on eBay.
Editors Note: The US Mint has not officially stated a mintage or production limit for the 2009 Ultra High Relief Double Eagle Gold Coin. The only reference to mintage and production was indicated in a press release issued in May 2008 which states: “The mintage of the new coin will be unlimited for one year. Only 2009-dated coins will be minted. The coins will go on sale in early 2009, although sales may continue into 2010 if inventory exists.”
However, since the issuance of this press release, the US Mint’s product availability and production runs have been anything but typical, amidst rising precious metals prices, difficulty obtaining precious metals blanks, and the ongoing suspension of many of their traditional gold and silver numismatic products. These factors have justifiably caused a great deal of speculation about the status of their gold coin offerings for 2009.