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.
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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.
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Investors Take Interest In American Gold Eagles
Due to the the uncertainty hovering around today's traditional investment options including real estate along with stocks and bonds, many investors have begun to consider the benefits of adding physical gold to their portfolios for both long and short term gains. Market volatility combined with a weakening dollar has led investors to seek shelter in one of the most consistently trusted assets in history: Gold.
Today, gold is available in many forms, and American Gold Eagle Coins have become one of the most popular options available to investors as they are readily available for purchase and easy to store once obtained. As they are also backed by the government of the United States for their stated gold content and purity, investors can feel assured that the product that they are acquiring bears the quality hallmark of a gold bullion coin that has been produced by The United States Mint.
As gold has recently risen over $1,000 per ounce, many industry experts are predicting even further growth. As such, American Gold Eagle coins are seeing high demand with record numbers sold this year. The Mint recently had to begin the allocation of many gold bullion coin items as the availability of raw materials were just not able to keep up with consumer demand.
As the dollar weakens, gold prices tend to climb leaving many investors who have an eye toward diversification into precious metals, to serious interest in expanding into American Gold Eagle Coins.
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2008 W $10 GOLD EAGLE PROOF 1 4 OUNCE OZ COIN RARE
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