Putting an end to an annual tradition that had stretched back more than two decades, the United States Mint did not issue the 2009 Proof Gold Eagle. The coins were announced as canceled due to the Mint's inability to source adequate supplies of precious metals blanks to fulfill demand for bullion coins.
Public Law 99-61 required the United States Mint to produce American Gold Eagle bullion coins in quantities sufficient to meet public demand. Throughout the second half of 2008 and the entire year of 2009, the US Mint had trouble fulfilling this requirement due to robust demand for gold bullion. The US Mint rationed the available supply of coins to their network of authorized purchasers and sourced all incoming precious metals blanks to the production of bullion.
On October 6, 2009, the announcement was made that the Proof Gold Eagle would not be produced or offered to collectors that year. The US Mint cited the requirements of the law and the unprecedented demand for bullion cons. Similarly, the proof Silver eagles were not minted this year.
Collectors were extremely disappointed by the development. The proof versions of the American Gold and Silver Eagle had been issued without fail since 1986. This would be the first year the coins were not issued. Although some attempts were made to change the Mint's course of action, none were successful.
The year closed without production of the coins taking place. Collectors awaited the release of collector Gold and Silver Eagles in the following year.
During 2009, the market price of gold would rise from a starting price of $847 per ounce to more than $1,200 per ounce. In the final month, the price pulled back slightly to close the year at $1,087 per ounce.
Proof Gold Eagles For Sale
2016-W American Gold Eagle Proof 4-pc Year Set - PCGS PR70 - First Strike
Time Remaining: 5d 17h 20m
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2010-W American Gold Eagle Proof 4-Pc Year Set ANACS PR70 Cherrywood Box LV#205B
Time Remaining: 18d 12h 47m
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3-pc. 2006-W American Gold Eagle 20th Anniversary Set - PCGS PR69
Time Remaining: 15d 13h 46m
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Set of 3 2006-W $50 Gold Eagles PCGS MS70, PR70, PR70DCAM First Strike coins
Time Remaining: 27d 10h 23m
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2015-W PROOF GOLD EAGLE SET (4) ALL PCGS FIRST STRIKE PR 70 DCAM $50,$25,$10,$5
Time Remaining: 24d 5h 32m
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Set of 4 2016-W Gold Eagles PCGS PR70DCAM First Strike Proof 30th Anniv w/OGP
Time Remaining: 5d 15h 24m
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Set of 2 1987 Gold Eagles PCGS PR70DCAM Deep Cameo Proofs $50 $25 1 oz 1/2 oz
Time Remaining: 29d 12h 16m
Buy It Now for only: $3,149.00
2006-W 20th Anniversary Gold Eagle Set $50 PCGS PR 70 (3 Coins, First Strike)
Time Remaining: 25d 5h 35m
Buy It Now for only: $11,700.00
1988 4-Coin Proof Gold American Eagle Set PR-69 PCGS
Time Remaining: 29d 12h 31m
Buy It Now for only: $5,695.00