The latest United States Mint bullion coin sales figures have been released and the stats show authorized buyers purchased 84,000 American Eagle Gold coins during February 2010, which was 1,000 less than the prior month.
Atypical from other years is that the tally includes both 2009 and 2010-dated coins. This year was the first time in the U.S. Mint’s history of selling the gold coins that a current year’s eagles were not offered during the first week of January. Exceptional demand for the eagles in 2009 resulted in a ...
Full Article: American Gold Eagle Fifth Best February - CoinNews
Unlike the market for classic United States coins, where the market is becoming increasingly picky about quality, the market for modern coins still in their government packages is more about supply and demand than connoisseurship.
The past several months have seen wild fluctuations in the prices of Proof American Eagle gold coins and to a lesser extent the Proof American Eagle silver counterparts. Heavy demand at the wholesale level is driving ...
Full Article: American Eagles swing - Coin Values
The United States Mint released 2010 American Eagle Gold One Ounce Bullion Coins to its network of authorized buyers one month ago. Sales on that day, January 19, 2010, were brisk with 30,500 sold in the first twenty-four hours.
The numbers have since remained relatively steady, but not out-of-the-park impressive. The latest US Mint figures indicate 151,000 eagles have been drawn from their inventory. 54,500 more will need to be scooped up by month’s end to match January and February totals from 2009 ...
Full Article: 2010 Gold Eagle Values - CoinNews
The U.K.’s Royal Mint, established in the 13th century, more than doubled gold-coin production last year as investors sought to diversify their assets and hedge against a weaker dollar and accelerating inflation.
Output rose to 125,469 ounces from 46,315 ounces a year before, according to data obtained by Bloomberg News under a Freedom of Information Act request. Gold averaged $974 (612 pounds) an ...
Full Article: U.K.’s Royal Mint Doubles Production of Gold Coins - Bloomberg
Demand for American gold and silver bullion coins was exceptionally high in January, the latest United States Mint sales figures reveal.
And, that was in spite of reasons that could have lead to much slower movement, including January US gold prices that dropped 1.1 percent and silver prices that tumbled 3.9 percent.
By the end of last month, one-ounce American Silver Eagles actually had their best January ever, and the third best month of any since the bullion coin series started in 1986. American Gold Eagles were less fiery, but last month's sales level still ranked as the seventh best January better. [click to continue…]
The United States Mint today resumed sales of fractional 2009 American Eagle Gold Coins in 1/2 oz, 1/4 oz and 1/10 oz weights.
The three bullion coins come off a temporary suspension that was announced on the same day the 2009 Buffalo gold coins sold out, Dec. 4, which was one day following their explosive release. At that time the US Mint said its inventory of the 1/10 oz sizes was gone and that all of the remaining sizes would be offered on the following Monday.
Last Friday the US Mint announced the Gold Eagles' return, and in affect their approaching end. A Mint spokesperson noted that the supply of fractional coins was limited and that once they were sold, no more would be struck.
"The additional limited quantity of 2009 American Eagle Gold Half-Ounce, Quarter-Ounce and Tenth-Ounce Bullion Coins will be offered via the United States Mint standard allocation process on Monday, December 14, 2009," said U.S. Mint Director of Public Affairs Tom Jurkowsky. "Once this inventory is depleted, no additional inventory will be produced."
As of this writing, the US Mint network of authorized purchasers have scooped up: [click to continue…]
Especially in the absence of Proof 2009-W American Eagle coins to satisfy the growing demand from both new and established collectors of the series, the market for common Proof gold and silver American Eagles is surging. At the same time, scarcer, collector-oriented, Proof silver American Eagles are trading at a discount to their 2008 levels.
Our Oct. 12 Market Analysis reported that common-date Proof American Eagle coins were hot, with major dealers paying $45 for Proof American Eagle silver dollars and $1,670 for Proof American Eagle 1-ounce gold $50 coins with original Mint boxes and paperwork.
This market is ...
Full Article: Demand up for Proof $1 - CoinValues
US gold bullion coins continue to be hot. So hot that two sell-outs occurred today with two more likely on the way within days, if not hours.
According to the US Mint, the inventory for the 2009 American Gold Buffalo Bullion Coins has been depleted and no more will be struck for the year.
"The United States Mint has depleted its inventory of 2009 American Buffalo One Ounce Gold Bullion Coins," stated U.S. Mint Director of Public Affairs Tom Jurkowsky. "No additional inventory will be made available."
The 2009 Buffalos were only made available to the public on October 15th, but still managed to sell more than were sold during each of the previous two years. Mint sales figures show that 198,000 of the 2009 Buffalos were sold compared to only 167,500 for 2007 and 172,000 for 2008.
Also under enormous demand are the newly released fractional 2009 American Gold Eagle Bullion Coins. [click to continue…]
Back in July of this year CoinLink ran a story about Gold IRA’s and the choices available to consumers/investors. Since we are coming up to the end of the year we thought it would be prudent to re-examine the topic, especially in light of the exceptional performance of Gold in the past 12 months, and the rather extraordinary events that have unfolded in 2009. But first a bit of background.
What is a “Gold IRA”? ...
Full Article: Gold IRA Accounts Revisited - CoinLink.com
