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
1986-W GOLD EAGLE ICG - PR69 DCAM Freedom set
Time Remaining: 15h 55m
2014-W American Gold Eagle Proof 4-pc Year Set -PCGS PR70 First Strike Gold Foil
Time Remaining: 9d 17h 34m
Buy It Now for only: $3,825.00
2005-W American Gold Eagle 4 pc Set PR70 Ultra Cameo NGC
Time Remaining: 26d 13h 53m
Buy It Now for only: $3,875.00
2006 W American Eagle 20th Anniversary Set and 2013-W SE PCGS PR 70DCAM
Time Remaining: 5d 11m
Buy It Now for only: $2,000.00
1995 W Gold American Eagle Set 1/10 1/4 1/2 1 oz ~ NGC PF70 PR 70 Proof UCAM Lot
Time Remaining: 23d 7h 11m
Buy It Now for only: $5,995.00
2006-W American Gold Eagle Set PR70 UCAM NGC
Time Remaining: 14d 11h 56m
Buy It Now for only: $3,300.00
Complete 1995-W Proof Gold & Silver Eagle Set All PR69 Ultra Cameo NGC Graded
Time Remaining: 25d 8h 16m
Buy It Now for only: $7,995.00
1995-W 5 Coin 10th Anniversary Gold & Silver Eagle Proof Set PCGS PR-69DCAM
Time Remaining: 1d 16h 5m
2006-W American Gold Eagle Proof 4-pc Year Set - PCGS PR69 DCAM "First Strike"
Time Remaining: 11h 6m
Buy It Now for only: $4,240.00