Get The Latest Gold Eagle Prices Directly From Gold-Eagle.org

November 20, 2009 – Gold Eagle prices have responded strongly to the spot price’s ascent to $1153 on Wednesday, and short-term gold investors have compiled many of these coins and other types of gold bullion in the last two days. The majority of these investors will hold their gold bullion between 1-14 months, so a significant pullback may not be seen for quite some time.

Of course, no investment moves in a straight line, and the gold spot price did retreat 0.23% on Thursday. The gold spot price resides around $1130 right now, and economists at JP Morgan made known in a note to clients recently that the gold spot price could increase by another 8% in 2010.

Gold Eagle prices fluctuate along with the gold spot price, as do all bullion items that are traded on the major exchanges. The national average retail price for a modern-day, $50 (one ounce) Gold Eagle is $1224, and the Proof version of this coin has an average $2500 buy price. The Proof is a more beautiful coin, but the higher bid price is due to IRS regulations that affect Americans’ retirement accounts. The Gold Eagle Proof is the only gold coin permitted within IRA holdings that has been deemed non-confiscatable.

Many investors have converted their underperforming retirement accounts to gold-backed IRAs, and investors who want privacy with their investment opt for the Proof instead of gold bullion. Although some investors buy the Proof coins outside of retirement accounts, rare coins like the $20 Saint Gaudens will likely do just as well, so investors and brokers usually try to reserve the Proof coins for needy retirement account investors. You can receive live Gold Eagle prices by calling the Gold-Eagle.org help desk or by signing-up for our free Gold Eagle investment tutorial. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org