Daily Gold Eagle Update

October 30, 2009 – American Gold Eagle prices vary quite a bit, so investors and collectors who are new to the gold market should take the time to gather some background information before purchasing their US coinage. Modern-day American Gold Eagle prices are based on the active Commodities Exchange (COMEX) gold spot price, which is accessible to the public at www.Kitco.com and www.GoldPrice.net. The gold spot price at 12:30pm EST was $1042.80, and the $50 American Gold Eagle is trading for $1110. Some analysts have predicted that this coin will soon carry a much higher premium because the US Mint recently announced that they are suspending production of the one-ounce coinage. Fractional varieties of the American Eagle gold coin have been available since 1986, and the US Mint has announced that they will produce more $25, $10, and $5 pieces beginning in December. Modern-day American Eagle coins and other bullion coins are relentlessly sought by collectors who aren’t looking to make money, because they will most likely never sell their coinage. Investors who want a short-term gold position purchase these coins as well, but long-term investors typically invest in another type of American Eagle.

Prior to 1986, the US Mint had not produced American Eagle coins since 1933. The Lady Liberty and Saint Gaudens coins are the original American Gold Eagle coins. Investors purchase the $20 Lady Liberty and Saint Gaudens Double Eagles when they want a longer-term stake in gold. $10, $5, and $2.5 Liberty Gold Eagle coins were also minted, and these coins are also highly valued investment and collector pieces. Investors should contact the Certified Gold Exchange for more information about American Gold Eagle prices.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org