2009 Gold and Silver Proof Eagles Suspended
If you are an informed coin collector or bullion investor then you may already know that just a short time ago, the United States Mint released an official press statement with a bit of news that was both surprising and upsetting to many. The 2009 Uncirculated and Proof Gold and Eagles will not be put into production again for the rest of this year. As a tiny consolation, the press release did announce plans to tender the 2009 Proof Gold Buffalo, Proof Platinum Eagle, and fractional weight versions of their popular Gold and Silver Eagle coins. The cause that was blamed for the disregarded products will be familiar to those that are avid coin enthusiasts, as the Mint says that there has been an extraordinary demand for gold, silver and platinum bullion products this past year. This rationale has been referred to on various instances through the last couple of years, to give a variety of reasons for the rationing of these collectible silver and gold and collectible coins.
By law, the U.S. Mint is obligated to deliver Silver and Gold Eagle coins in numbers adequate to reach the demand of collectors and bullion investors. In view of that, the Mint has been utilizing all of their bullion coin blanks to turn out gold and silver coins, as a replacement for collector coins as they are not necessarily required to mint these coins.
The standing of this year's collectible Gold, Platinum and Silver Eagles, in addition to their popular Gold Buffalo Coins releases has been a topic of almost continuous talk and conjecture. Earlier in the year many experts had begun to talk about the prospect that these coins might not be released this year at all. The reasoning was confirmed just a couple of months later on, as the Mint finally announced that the items were temporarily suspended. By the middle of the summer there was a momentary revival of hope for the collector coins once the Government had at last put an end to the allocation of silver and gold proof and uncirculated eagles, but it seems that the outcome has not gone the way that many of us who collect would have liked.
Mail this post | US $179.04 (11 Bids) End Date: Friday Jul-30-2010 12:39:23 PDT Bid now | Add to watch list |
 | US $3,400.00 (0 Bid) End Date: Friday Jul-30-2010 13:04:08 PDT Buy It Now for only: US $3,760.00 Bid now | Buy it now | Add to watch list |
 | US $1,288.00 (0 Bid) End Date: Friday Jul-30-2010 13:09:30 PDT Bid now | Add to watch list |
American Gold Eagles Still Shine For Investors
With year-to-date sales of American Gold Eagles closing in on nearly one-million units sold for 2009, the United States Mint has experienced a banner year for their American Eagle coin program.
Gold Eagles have found strong investor interest throughout the year with many near record sale numbers achieved, including the month of September during which over 115,000 gold eagles were sold and experiencing one of it's highest selling Septembers by volume.
As investors shy away from traditional investment opportunities such as stocks and bonds, the American Gold Eagle has enjoyed a resurgence the last couple of years with no end to their popularity on the horizon. Gold Eagles not only draw the interest of investors here in the United States, they also have become one of the most revered gold bullion coins on a worldwide basis. As the global economy continues to lag, investors continue to seek a hedge against falling dollar values.
As the price of gold hovers at $1,000 per ounce, seeking ways to obtain physical gold as efficiently and safely as possible, has become a priority to many of those hoping to take advantage of potential future gains. American Gold Eagles fulfill many of those requirements as they are readily available, accepted as a quality gold bullion coin anywhere in the world and due to their convenient size can be easily and safely stored.
All in all, 2009 will go down as a great year for the American Gold Eagle coin, with many investors who were previously unaware of the benefits and enjoyment of obtaining Gold Eagles joining the ranks of the many thousands of experienced gold bullion investors.
Mail this post
American Gold Eagles Rise As Investor Demand Grows
Gold climbed above $1,000 on Friday as investors have grown increasingly interested in gold bullion coins and gold mining stocks as an investment alternative to falling traditional stocks and an unstable real estate market, especially since this time last year. The price of the precious metal has nearly doubled in the past four years as investors seek to hedge their portfolios against inflation and other possible downturns in the usual longtime standards, mainly stocks and bonds.
As Federal regulations state that the raw gold used in American Gold Eagle Coins must be mined here in the United States, very few gold refineries qualify in meeting the standards required to officially produce the blanks needed for the coin minting process. These stringent regulations created a shortage of gold uncirculated and proof coins this past summer, fueling investor demand for gold bullion products even more this year.
The United States Mint has already sold over 750,000 American Gold Eagles so far this year, outpacing last years total numbers for the entire year. As final numbers begin to filter in at the start of 2010, sales of gold bullion coins should approach all-time record numbers, and with interest in gold bullion showing no signs of slowing down currently, many experts predict that next year will be an equally strong year in relation to physical gold as an investment option.
Mail this post
Most Watched On eBay:
2006 American Eagle 1 10 oz First Strike Gold Coin
US $185.00
1909 $5 Half Eagle Indian Head Gold Coin
US $500.00
2000 W 4 coin set of Gold American Eagle PR69DCAM PCGS
US $3,595.00
