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Fractionals Get Full Attention
December 03, 2009

Today is the day the Mint has scheduled to sell fractional American Eagle gold coins. Will there be any left by evening?

Buyers who might have been inclined to ignore the issue as a bullion investment, might simply look at them as a port in the storm because they are having trouble buying one-ounce pieces.

Collectors might jump in to buy them from their friendly neighborhood coin dealer on the expectation that mintages will probably not be all that high.

That will ignore the fact that fractional mintages are not all that high in other years where they were available for much, if not most of the year.

Last year’s 50,000 half-ounce sales matched the level of 2007. The 58,000 quarter-ounce coin sales were up from 32,000 in 2007. The tenth-ounce total of 270,000 was up from 180,000 in 2007.

But whatever numbers of 2009 coins the Mint will be able to sell, they will seem so very low in light of a sense that there might not be enough to go around.

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Recent Comments
On December 3, 2009 Paul Spano said
What are you talking about? Fractional Gold Eagles?  The Mint is not selling Fractional Eagles today, nor have they sold fractionals at any time during 2009. Would you please expalin what you are tallking about?

Thank you

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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