Gold Eagle Sales Are Off And Running In 2010, Find Out Why Directly At Gold-Eagle.org

Gold Eagle sales are off and running for 2010. On January 19 of this year, 30,500 American Eagle gold coins were sold by the United States Mint; this was the first day of sales for 2010. There were still 51,000 of the 2009 American Eagles left over from end of year 2009 production and 18,500 of these went the first day of 2010 sales too. The mint specified that for every ten 2010 American Eagles sold the buyer needed to purchase one 2009. At the end of the day, there were still 32,500 of the remaining 2009 American Eagles for sale. These sales were all to authorized dealers buying in bulk to sell to the secondary market. The brisk sales of American Eagles comes on the heels of last year’s pause in minting the gold bullion coin when the United States Mint ran out of 91.6% pure gold bullion blanks with which to mint American Eagles.

The United States Mint produced 1,442,000 ounces of American Eagles in 2009, counting all sizes. This was the highest production year since 1998 and 1999. It was after these banner years that gold bullion prices climbed steadily for a decade. The continuing interest in this vehicle for investment in gold bullion is a measure of popularity of gold as an investment tool and means of protection again the continuing decline of the dollar.

For the investor it is useful to know that, unless buying in huge lots, it is cheaper to buy American Eagles from a reputable American Eagle gold bullion coin dealer. This gold bullion coins typically sell for very close to the spot price of gold for ten ounce lots or larger at a dealer. The markup per coin from the Mint can approach 30% and discounts don’t kick in until a lot more than ten ounces.

After a temporary suspension of minting last year, gold eagle sales are soaring again for 2010. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org