2009 Ultra High Relief Double Eagle Sales Ending December 31
The United States Mint has announced that sales of the 2009 Ultra High Relief Double Eagle Gold Coin will officially end on December 31, 2009 at 3:00 PM ET. The announcement was made by the US Mint on December 10.
The coins first went on sale January 22, 2009, meaning that they will have been available for a little over eleven months in total. During this time, the gold coin has been one of the US Mint’s biggest sellers with more than 100,000 coins sold to date. More than 40,000 coins had been sold within the first five days of sales.
During the offering period, the price of the Ultra High Relief Double Eagle has varied due to the fluctuating price of gold. After debuting at a price of $1,189, the price moved up steadily throughout the year as the spot price of gold rose. Recently, the coins were priced at $1,539 each, as the price of gold moved towards $1,200 per ounce.
After direct US Mint sales end, the focus of collectors will shift towards the secondary market, where the coins have sold robustly since first issued by the United States Mint. Coins that have received top grades from coin grading companies PCGS and NGC currently drive the biggest premiums. New demand may emerge for Ultra High Relief Double Eagles which are still within their original US Mint packaging as issued.
