Collectors who ordered the 2009 Ultra High Relief Gold Double Eagle may have received a backorder notification from the US Mint with a new shipping date this morning.
Expected shipping dates have fluctuated for collectors who placed their orders on the first day. There were reports that the book, which is included with the coin, was showing a later shipping date than the coin. Later reports indicated both shipping dates progressively being pushed forward.
This morning, I received a backorder notice for my order. It showed an expected shipping date of February 6, 2009 for both the coin and the book. Others have reported expected shipping dates of February 10, 11, or 20. When I first placed my order (January 22, 2009 at 12:17 PM ET), the expected shipping date provided was January 28, 2009.
The product page in the US Mint's online product catalog indicates that the coin will be available for shipping on February 13. Of course, all of these dates may continue to get pushed forward, if recent experience is any indicator. It will be interesting to see what date collectors start to receive the first Ultra High Relief coins.
Anyone who is still considering purchasing the coin should note that the US Mint's price will most likely increase by $50 or $100 later this week. Under the US Mint's new pricing policy, prices are subject to adjustment each week if the average weekly London Fix price of gold moves across certain thresholds. Coins are currently priced for the $800.00 to $849.99 tier. The price of gold has recently been above $900, although the average weekly price will likely fall into the $850.00 to $899.99 tier (unless their is a big move tomorrow).
The last time the US Mint adjusted prices under the new policy, product sales were halted on Wednesday around noon. Sales resumed the next day Thursday at noon, at the adjusted prices. If you have waiting to place your order, consider doing so before noon tomorrow to avoid the price increase.
Lastly, I thought it would be interesting to run a UHR related coin survey this week. As most people know, the 2009 Ultra High Relief has an ordering limit of one per household. In the past situations when there were ordering limits, some collectors used the households of friends and family to order more than one coin. How widespread is this practice? Answer the survey below and we will find out.
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