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
2017-W Gold American Eagle Proof 4-Coin Set PCGS PR70 DCAM FS (Flag) SKU45891
Time Remaining: 9d 4h 20m
Buy It Now for only: $3,195.00
2017-W American Gold Eagle 4-Coin Proof Set PCGS PR70DCAM First Strike
Time Remaining: 15d 22h 4m
Buy It Now for only: $3,159.00
3-pc. 2006-W American Gold Eagle 20th Anniversary Set - PCGS PR69
Time Remaining: 14d 22h 6m
Buy It Now for only: $5,612.15
Set of 4 2010-W Gold Eagles PCGS PR70DCAM Deep Cameo Proof coins Diehl label
Time Remaining: 14d 20h 8m
Buy It Now for only: $3,394.31
Set of 4 2015-W Gold Eagles PCGS PR70DCAM First Strike $50 $25 $10 $5 coins
Time Remaining: 17d 20h 55m
Buy It Now for only: $3,747.36
Set of 4 2007-W Gold Eagles PCGS PR70DCAM Deep Cameo Proof coins Diehl label
Time Remaining: 1d 19h 20m
Buy It Now for only: $3,596.05
Set of 3 2006-W Gold Eagles NGC MS70 PF70 PF70UCAM Burnished Proof Rev PR coins
Time Remaining: 4d 20h 36m
Buy It Now for only: $6,179.00
Set of 4 2010-W Gold Eagles PCGS PR70DCAM First Strike $50 $25 $10 $5 coins
Time Remaining: 17d 20h 54m
Buy It Now for only: $3,495.18
2016 W PCGS PR70'S DCAM $1 SILVER EAGLE & $5 GOLD AND THIS 1 OF 1000 SETS FDOI
Time Remaining: 25d 16h 4m
Buy It Now for only: $750.00