The 2010 American Gold Eagle Coin
Since early this year, collectors have been eagerly awaiting the U.S. Mint's announcement regarding many of the delayed 2010 gold bullion offerings. Finally, it appears that there is reason to believe that the highly anticipated realease of the 2010 American Gold Eagle may finally be on the horizon.
As the 2010 economy remained sluggish, the year began with the disappointing news that the Mint would be delaying it's release of the 2010 American Gold Eagle 1-oz. bullion coin. The 2010 American Eagle Coins were circulated late. Typically, bullion coins that bear the date of the upcoming year may be ordered through the Mint's network of authorized purchasers in December of the prior year, with delivery typically coming in January. Orders this year however, were not accepted for the 2010 Gold Eagle until January 19th. The demand for the gold and American was high, as was the demand in 2009.
As required by law, the United States Mint is required to manufacture sufficient quantities of this gold bullion coin to meet the demand of the public. As the U.S. Mint is not specifically required to provide a collector's proof version of the coin, all resources were put forth toward the goal of creating as many of the bullion versions as possible.
The coins to be offered will include the 1-ounce 2010 Gold Eagle bullion coins. Orders for these coins will be placed under the Mint's standard allocation procedures as usual. This process allows for the rationing of the available supply of coins as equally as possible among it's authorized dealers.
This year there will be a special ordering requirement enforced for the 2010 Gold Eagle coins. As the Mint had a remaining inventory of just over 50,000 of the one ounce 2009 Gold Eagles, authorized purchasers are required to order Gold Eagles on a basis of "three to one", meaning that for every three 2010 American Gold Eagles coins that are ordered, one 2009 Gold Eagle coin must also be ordered, with only the 1-oz coins having availablity.
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Comments
It is always fun to see differences in currency, especially between countries! This is a great article on a beautiful coin.
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