November 3, 2009 - Gold Eagle pricing has been a hot topic for collectors and investors during the last few years, and their conversation has become especially noticeable since the gold spot price reached a then-record of $1071 last month. It is relatively simple to understand Gold Eagle pricing, whether the investor is dealing with modern-day coinage or the pre-1933 Gold Eagle coins. When it comes to understanding how these coins are priced, it is as important as it is simple, because buying and selling at the right time is crucial for a profitable investment.
It is surprising and disappointing that so many investors can own modern-day Gold Eagle coins along with the historic American coins, and still be oblivious to tracking their value. Below are the basic principles utilized to track Gold Eagle prices; follow these guidelines to keep yourself up to speed on American gold coins.
Bullion Coins
• Track the roving gold spot price (www.GoldPrice.net)
• One-ounce Gold Eagles carry premiums of 6-9% over spot price
• Fractional sizes (1/2 oz, ¼ oz, 1/10 oz) tend to carry higher premiums
• Certified modern-day Gold Eagles are still considered bullion, and should carry no higher premium than regular coins
• Gold Eagles are never traded at spot value by any reputable company
Certified Rare Coins
• Move in accordance with gold spot price
• Carry numismatic value that tends to appreciate over time
• Higher Mint State grades cost more; they also tend to appreciate faster
• National average retail values are available at www.PCGS.com, but high-volume gold exchanges may be able to provide lower prices
Investors who would like to learn more about the gold market should visit www.Gold-Investment.info, where the Certified Gold Exchange has provided a free, online tutorial for household and institutional investors.
Joshua Harris
Senior Staff Writer - Gold-Eagle.org