November 30, 2009 – Gold Eagle prices pulled back slightly this morning, after a strong rally over the last few weeks that elevated the gold spot price to heights never before seen. The gold spot price at 1pm EST is $1176, which is 0.5% below the historical high of $1183.80 that was reached last week. The US Mint began Gold Eagle production in 1986, and these 22-karat gold bullion coins fluctuate based on the current gold spot price that is listed by the Commodities Exchange (COMEX).
Gold Eagle prices vary depending on the coin denomination, because the US Mint produces various sizes of this coin. Modern-day Gold eagles are available in one-ounce, ½ ounce, ¼ ounce, and 1/10 ounce varieties, and the smaller sizes tend to have a slightly larger premium than the one-ounce coin. The one-ounce Gold Eagle is by far the most popular in the series (over 14 million have been sold since the inception of the series), and this coin is currently averaging a $1255 sell price nationwide.
Many Gold Eagle coins that were minted prior to 1933 have increased in value lately, as evident on the Professional Coin Grading Service price guide at www.PCGS.com. Pre-1933 Gold Eagle coins generally fluctuate with the gold spot price, but they also maintain a numismatic worth. This numismatic, or collector, value makes these coins a completely private investment, unlike their modern-day counterparts.
The Lady Liberty Eagle series and the Saint Gaudens $20 Double Eagle are utilized by long-term gold investors, while gold “day traders” usually prefer the modern-day Eagles and other gold bullion coins. For more information on any American gold coin or a wide range of other gold investments, contact us directly through email or just call our toll-free help desk. Our friendly specialists are happy to answer your questions and provide live quotes on the most widely utilized investment-grade gold coins.
Joshua Harris
Senior Staff Writer - Gold-Eagle.org