subject: 2009 Silver Eagle Ms69 A2370 [print this page] The 2009 Silver Eagle saw a carryover of some of the problems and issues that impacted the popular silver coin series in the prior year. High worldwide demand for precious metals bullion coins caused a continuing silver blank shortage for the United States Mint, impacting both bullion and collector offerings.
The bullion coins continued to be subject to rationing to start the year under the previously established allocation program. Authorized purchasers of the coins were limited in the number that they were able to purchase. The rationing finally ended on June 15, when the US Mint was able to meet full demand for the coins. Unfortunately, a new round of demand caused a brief suspension of bullion coin sales starting November 25. When sales resumed, the allocation program was put back into effect.
Because of the legal obligation to fulfill public demand for the bullion Silver Eagles, the US Mint was forced to cancel the issuance of the 2009 Proof Silver Eagle and the 2009-W Uncirculated Silver Eagle. These collectible offerings were not legally mandated, so the US Mint was forced to interrupt these series of collectible coins until they can meet full demand for bullion coins.
While collectible coins were canceled, brisk sales of bullion coins ensued, leading to the record high mintage of 30,459,000 for the 2009 Silver Eagle.
During 2009, the price of silver ranged from a low of $10.51 per ounce to a high of $19.18 per ounce. The cumulative average price for the year was $14.67. THERE WERE NO PROOF OR UNCIRCULATED COINS PRODUCED!Mint Mark: none (bullion)
Designers: Adolph A. Weinman (obverse), John Mercanti (reverse)
