Investing In American Gold Eagles
When considering investment opportunities, coin collectors tend to favor American Gold Eagles. Gold coins are guaranteed to hold their value because of the amount of gold that went into creating them, not to mention they are lovely to look at. The coin has a gorgeous illustration of Lady Liberty walking through rays of light with her torch held aloft in her hand. The inspiration for this particular image came from a gold coin that was minted between 1907 to 1933 and was created by Augustus Saint-Gauden. Gold coins are a far better investment than the gold market (which is based on gold bullion) because by weight, gold coins carry a higher value. The monetary system was based on a gold standard (which was based on bullion held) and it is due to this that investing in bullion gives some people a sense of financial stability.
Because of the economic downturn, investors are once again acquiring gold as an investment in various forms like gold bullion coins--which the American Gold Eagle is a type of. Amidst the financial panic, the demand for bullion has doubled since the last year as more individuals seek a secure form of investment. While the panic has receded a bit, people still do not trust the stock market and are wary of investing further in it, so have turned to gold as a safe way to invest in their future. Anxiety and worry are on the rise, however, because of the massive stimulus spending the Obama administration has put through.
Gold coin production has been increased by the federal agency in charge of making U.S. coins--the U.S. Mint. Gold coin production has been increased by the federal agency in charge of making U.S. coins--the U.S. Mint. In 2008, 800,000 American Eagle coins were sold--as of June, sales have already hit that point and have kept going. The U.S. Mint was forced to put some gold items on back order due to overwhelming demand that they could not keep up with. Because of the high demand (that is unprecedented) for the American Eagle Gold Bullion Coins, the United States Mint has temporarily suspended the production of uncirculated coins and United States Mint Eagle Gold Proof coins.
As of this moment, any gold blanks that are 22 karats have been earmarked for the American Eagle Gold Bullion Coin Program because the U.S. Mint must produce enough coins to satisfy public demand under Public Law 99-185. Once market demand has been met for the American Eagle Gold coins and inventories are built back up, the United States Mint will restart production of the Uncirculated Coins and the American Eagle Gold Proof. After careful consideration they have also decided to cease manufacturing smaller sized American Eagle Gold Uncirculated Coins.
As of this moment, the demand for gold products and investment opportunities is still very high. Interest in gold is predicted to remain strong throughout the year, in fact as of the first quarter it is 50% higher than it has ever been during this decade.
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First Spouse Letitia Tyler Gold Coin Available July 2
July 3 -The U.S Mint began accepting orders for the First Spouse Letitia Tyler Gold Coin on July 2, 2009. With pricing for the coins based on the current United States Mint pricing structure, the 1/2 ounce 24-karat gold coin will be struck at the United States Mint at West Point, and will be offered in proof and uncirculated conditions. For updated pricing information visit the U.S. Mint Gold Coin Pricing Schedule.
 2009 JOHN LETITIA TYLER $1 COIN FIRST SPOUSE MEDAL  US $14.95
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 $1 Coin And First Spouse Set Tyler Letitia X03NR US $19.95
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 2009 John Tyler First Spouse Bronze Medal Set Letitia US $16.95
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American Proof Gold Eagles Suspended Due To High Demand
June 24 -The United States Mint has announced that the production of American Proof Gold Eagles and Uncirculated Coins has been suspended temporarily due to the unprecedented demand for American Eagle Gold Bullion Coins. As of Monday the Mint has announced that all available 22-karat gold blanks have been allocated to the American Eagle Gold Bullion Coin Program as is required by Public Law to ensure that the coins are produced “in quantities sufficient to meet public demand . . . .”
The U.S. Mint will return to producing American Eagle Gold Proof and Uncirculated Coins once sufficient supplies of gold bullion blanks are acquired to meet collector and investor demand for all three American Eagle Gold Coin products. Also, due to the results of the United States Mint's recent numismatic product portfolio analysis, production will cease on fractional sizes of American Eagle Gold Uncirculated Coins.
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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
