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
2006-W 20TH ANNIVERSARY GOLD AMERICAN EAGLE SET PCGS MS69/PR69 First Strike
$3,959.00 (14 Bids)
Time Remaining: 1d 20h 20m
Buy It Now for only: $6,495.00
2015 W PCGS PR70 First Strike Complete 4 Coin Proof Gold Eagle Set PR70DCAM
Time Remaining: 27d 21h 25m
Buy It Now for only: $3,449.75
2007-W American Gold Eagle (4 Pc. Proof Set)- NGC PR70 UCAM /Q8166
Time Remaining: 18d 1h 58m
Buy It Now for only: $3,999.95
Complete 1995-W Proof Gold & Silver Eagle Set All PR69 Ultra Cameo NGC Graded
Time Remaining: 18d 15h 11m
Buy It Now for only: $7,995.00
2002-W 4-COINS SET $50 $25 $10 $5 GOLD EAGLE NGC PR70 PROOF PF70 PF-70
Time Remaining: 14d 13h 32m
Buy It Now for only: $4,750.00
Set of 5 1995-W Eagles PCGS PR70DCAM Gold/Silver Proof Cameo $1 $5 $10 $25 $50
Time Remaining: 15d 21h 1m
Buy It Now for only: $45,495.00
2014-W Gold Eagle (4-Coin Set) PR70 Deep Cameo PCGS First Strike
Time Remaining: 11d 18h 44m
Buy It Now for only: $4,095.00
2006-W 20th Anniversary PCGS PR69 FIRST STRIKE $50 Proof Gold Eagle 1oz of set
Time Remaining: 1d 1h 10m
2002-W 4-COINS SET $50 $25 $10 $5 American GOLD EAGLE PCGS PR70 PF70 Proof
Time Remaining: 13d 19h 33m
Buy It Now for only: $3,680.00