Details Emerge for Ultra High Relief Double Eagle
With sales of the Ultra High Relief Double Eagle set to begin tomorrow, January 22, 2009 at 12:00 Noon ET, more details are emerging regarding pricing and ordering options for the coin.
The price appears to have been set at $1,189.00 per coin. This price is based on the US Mint's newly established pricing tier system and corresponds to the $800.00 to $849.99 price range for gold. Throughout the sales period, the price of the coin can be adjusted weekly if the average weekly price of gold moves into a different tier.
There will be an ordering limit of one coin per household. As release of the coin drew closer, many suspected that an ordering limit would be enforced as the US Mint tried to balance limited blank supplies with high anticipated demand. This ordering limit also apparently applies to coin dealers. Many have responded by offering to immediately buy coins for a small premium to the US Mint's price.
There may be long delays for customers eager to receive coins. The US Mint posted information that orders may take up to six to nine months to complete. All orders will be processed on a first-in, first-out basis. This incredibly long delay is bound to provide frustrations and complications for some customers.
Want a sneak peek at the US Mint's product page for the Ultra High Relief Double Eagle?
