Fractional Weight 2010 Gold Eagle Coins

Fractional Weight 2010 Gold Eagle Coins

June 4, 2010 - The United States Mint announced that beginning June 10, 2010, fractional weight 2010 American Gold Eagle coins can be bought by authorized purchasers. The fractional Gold Eagle coins will be available in one-half ounce, one-quarter-ounce, and one-tenth ounce sizes.

The news comes at a time when the price of gold hovers near historic all-time highs. A lagging US economic recovery in combination with a spreading credit and bank crisis in Europe has led to gold bullion and commodities contracts being financial safe-havens worldwide. Earlier today, weak US economic job figures caused a sell-off in stocks and a firming in gold after a week of profit taking.

A recent MarketWatch article claimed gold “has turned into a currency” and moved beyond simple supply and demand dynamics. John Meyer, an analyst at London-based Fairfax, stated volatility in gold prices may continue as “an increasing share of investment consumption in global gold demand will continue.”

As with so many aspects of the global economy, China may be playing a part in the gold bull market. Analysts at Barclays Capital in London stated in a report, “Chinese buying has picked up substantially as prices have fallen with high levels of volume traded on the Shanghai Gold Exchange at the end of last week.”

Sales of the fractional weight Gold Eagle coins are expected to be robust. Coins offered by the US Mint can only be purchased directly by members of a network of authorized dealers. These dealers then create a secondary market and sell to other dealers and members of the public.

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org