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Proof American Eagle gold coins have provided some sparks in the marketplace this past year, but the fast fall in prices over the past several weeks serves as a reminder that what goes up usually comes down. Some major buyers have stopped buying these and prices have fallen sharply.
For some smaller dealers who were stockpiling the coins in anticipation of continued demand, the change in the market means they have ...
Full Article: Proof bullion prices fall - Coin Values
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Demand for Bullion 2010 Gold American Eagles climbed in July over June, owing mostly to a renewed interest in the one ounce coins. Conversely, sales of the smaller or fractional gold coins dropped drastically.
The United States Mint experienced a rush of orders for the fractional Gold Eagles on June 10 when they were first released to its network of authorized purchasers. Prior to that, buyers were only able to obtain the 1 oz coins which have been available all year long (although 2010-dated coins were only issued beginning January 19).
The debut month for 2010 fractionals saw 355,000 ordered, with the majority...
Full Article: July 2010 Gold Eagle Sales - CoinNews.net
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A House of Representatives subcommittee hearing on Tuesday revealed better odds in minting proof and uncirculated 2010 American Silver Eagle coins. But what about 2010 proof American Gold Eagles?
As a reminder, the 2009 versions of these numismatic coins were canceled as the United States Mint focused its resources and available coin blank or planchet supplies on producing bullion coins.
During the hearing, U.S. Mint Director Ed Moy spoke of his support for legislation that would redirect a portion of silver planchets from legally mandated bullion coins to discretionary proof and uncirculated silver dollars. (Read Proof Silver Eagles Possible.) Subcommittee members and panelists voiced no opposition in amending current law to make them possible.
"Such a change would be one of the most positive customer satisfaction measures that could be taken to benefit your coin collecting constituents without having an effect on American’s ability to acquire investment-grade silver bullion," Moy testified.
Full Article: 2010 Proof Gold Eagle Production Likely? - CoinNews
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With 2010 Fractional Gold Eagle Coins due from the United States Mint on Thursday, June 10, it is a good time to review the history and general values associated with last year’s versions.
First introduced in 1986 to allow buyers a convenient and cost-effective method of adding gold to their investment portfolios, the U.S. Mint strikes four different sizes of the American Eagle Gold Bullion Coins — the standard one ounce, along with fractional 1/2 ounce, 1/4 ounce and 1/10 ounce sizes.
Last year’s fractionals were released on December 3, 2009, which is atypical. They are usually issued much earlier and available for most of the year. But exceedingly high demand for the one ounce coins resulted in delays. Considering these circumstances, slighter mintages could have been expected for the smaller coins...
Full Article: Fractional American Gold Eagle Values - CoinNews
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Buyers will have another group of bullion coins to select from beginning on Thursday. That is the day 2010 Fractional American Gold Eagles will be available, the United States Mint announced last week in a memorandum to its network of authorized purchasers.
"The United States Mint will begin accepting orders for 2010-dated American Eagle One-Half, One-Quarter and One-Tenth Ounce Gold Bullion Coins on Thursday, June 10, 2010," stated the memo.
"These coins will initially be offered for sale through the United States Mint standard allocation process."
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The United States Mint this morning officially announced a release date of Thursday, June 10, for the 22-karat 2010 American Eagle Gold Bullion Fractional Coins.
The one-ounce Gold Eagle went on sale January 19. Buyers have sprung at the chance to scoop them up. 190,000 were sold during May, which was the highest sales level since 1999.
The fractional sizes that will be available include the one-half, one-quarter and one-tenth ounce. The US Mint indicates they will be offered for sale through the "standard allocation process."
As has been the case for all US Mint bullion coins this year, demand for the fractionals is expected to be exceptionally...
Full Article: 2010 Fractional Gold Eagle Coins on Sale June 10 - CoinNews
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Nashville is over and a slow show it was, although well run and organized. Why? Recent floods, current economic repression, poor timing and a significant drop in precious metals? I think the repression has finally caught up to the market.
While prices are not dropping, collectors are increasingly holding back especially in the middle of the market...
Full Article: Gold Rebounds; Eagle Coin Demand Soars - NumisMaster
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Silver American Eagle bullion coins, and their gold counterparts, were historic firsts for the U.S. Mint when they made their debut in 1986. They were the first official U.S. coins struck primarily to be bought and sold for their bullion value.
American Eagle bullion coins can be held in individual retirement accounts. Some individual date and mintmark combinations, however, also have collectible numismatic value, including proof versions ...
Full Article: Collecting American Eagle Bullion Coins - NumisMaster
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Precious metals had a disastrous week, yet U.S. Mint authorized buyers ordered more bullion American Eagle coins during the third week of May than in each of the prior weeks when metals were rallying.
New York gold prices finished lower for the fourth consecutive session on Friday, with June futures tumbling to $1,176.10 an ounce, plummeting 4.2 percent this week.
U.S. Mint one-ounce American Gold Eagles, however, soared. The coins advanced 67,000 this week, as compared to a 31,000 increase during the second week of May and a 41,500 gain during the first week. May sales on Friday reached 139,500, bringing the Gold Eagles to 471,000 for the year ...
Full Article: American Eagle Bullion Coins Jump - CoinNews
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