February 22, 2010 – Issued for public purchase on January 19th, the Gold Eagle bullion sales have been steady, although far from spectacular. After a record-setting December total of 247,000 sold, combined sales for the first two months of 2010 now total just over 150,000 and need nearly 55,000 more before the end of the month to match the total from the same period in 2009. With gold prices rising and concern prevailing about the stability of many national currencies, analysts expect bullion sales to rise.
While the prices vary in aftermarket sales, Gold Eagle coins are popular whether they are graded or not. Numismatic Guaranty Corporation and Professional Coin Grading Services both grade coins to provide them with a known rating, helping with their future sales. This certification is generally not performed for new coins since they come directly from the US Mint and their value is more for the quantity and purity of their gold, something that is guaranteed by the Mint.
Gold bullion sales worldwide have been strong throughout the year as investors look to capitalize on the rising gold prices. This speculation has been spurred due to economies still suffering from the global crisis and currencies that have been devalued from the resulting stimulus efforts.
Gold Eagle coins offer an excellent option for investors who are looking to profit from the gold prices that are expected to rise during this year. Bullion is generally the preferred investment vehicle for people interested in short-term assets and steady Eagle sales by the US Mint suggests that demand is primed to drive both sales and prices higher in the coming months.
Joshua Harris
Senior Staff Writer - Gold-Eagle.org