Learn How To Buy Gold Eagle Coins With Gold-Eagle.org

November 17, 2009 - Collectors and short-term investors have decided to buy Gold Eagle coins in record numbers lately, because the US Mint recently announced that the one-ounce denomination would no longer be produced. The US Mint is required by law to produce the coin in a supply sufficient to meet consumer demand, but they have decided to store the one-ounce planchets (gold blanks from which coins are struck) and instead release fractional Eagle coins, which tend to carry higher per-ounce premiums than the $50 coin. Gold Eagle coins are widely available on the open market right now, so investors who would like to trade these coins are invited to browse our award-winning gold investing tutorial.

The US Mint has maintained that the discontinuation of one-ounce Gold Eagle coins is due to a problem with the planchet supplier, but market analysts have noted that it is our government’s best interests to hold the gold instead of selling it. The United States is one of the world’s highest-volume gold producers, so refusing to manufacture the long-standing (minted every year since 1986) Gold Eagle one-ounce coin definitely throws up some red flags for savvy investors.

Many people feel that our government will soon need gold to pay down our nation’s debt, which is at an all-time high and increasing by the day. Our government historically confiscated gold to pay off the national debt during the Great Depression, and this could conceivably happen again, especially considering the radical steps that our government’s leaders have already taken.

Investors who buy Gold Eagle coins typically hold these coins for 1-14 months for profit. If you are considering a long-term gold investment with safety as your principal goal, pre-1933 US coins could be a better investment. Contact us directly at our toll-free number or register for your free copy of our helpful gold investing tutorial to learn more about the different types of gold investments. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org