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Gold Eagle Auction Good for Collectors & Investors Alike

February 21st, 2014

GreatCollections auctioned a 1993-P Proof-70 DCAM $25 American gold Eagle coin this week for a record-high $22,825, including the GreatCollections buyer’s fee. The half-ounce gold Eagle was the 32nd such coin encapsulated by PCGS, although the grading company has certified over 3,200 of the coins in Proof-69 quality.

 

Over 42 bids were cast before a U.S. collector won the right to take home the gold. “This is one of the toughest in the whole $5, $10, $25 and $50 series,” CoinWeek quoted the coin’s buyer as saying. “I am glad to have won the coin.”

 

Founder and president of GreatCollections Ian Russell was also ecstatic about the successful sale. “Although we have sold a lot of coins over the past few years, this was the first 1993-P $25 half-ounce gold Eagle graded PCGS Proof-70 DCAM that we have offered in our auctions.  We have a number of serious collectors who need this coin to complete their sets.”

 

The record-setting auction of the $25 Proof-70 DCAM means that Russell and GreatCollections will likely have more opportunities to meet those collectors’ needs. For investors who don’t need a 1993-P half-ounce gold Eagle and simply want the most bang for their buck standard bullion Eagles, Canadian Maple Leaf gold coins or even gold bullion bars might be more cost-effective alternatives. Those bullion items can give you pure, verifiable gold at a low premium above spot.

 

If the investor is looking for a longer-term hedge and doesn’t want to “day trade” precious metals then the original gold Eagle coins might be a better fit. Those coins were minted until 1933 and come in one-ounce and fractional weights. For more information on rare and modern-day gold Eagle coins check out the offers below for insider information and discounts.

Gold Eagle Dealer Reviews

February 13th, 2014

Gold Eagle coins’ popularity has grown immensely since their inaugural release in 1986, and since that time thousands of gold Eagle dealers have come into, and gone out of, business. Gold-Eagle.org currently has over 3,000 gold Eagle coin dealers in its database and not all of these companies have solid reputations or longevity. How, then, does one go about finding a reliable gold Eagle dealer?

There are a handful of sites that allow investors and collectors to review gold Eagle dealers. The longest-standing company rating site is BBB.org. The Better Business Bureau has rated companies of all types with a letter grade for decades, and they also list the number and category of complaints for each company. However, many consumers have lost faith in the BBB recently due to a string of high-profile reports detailing the BBB’s pay-for-grade policy.

Yelp is already popular for those interested in food and lodging, and it is quickly catching on among gold Eagle investors. Reviewers who have used the products and/or services of an establishment can rate their experience(s) on a scale of 1-5 stars and can leave comments, too. Some gold Eagle exchanges may not have Yelp reviews yet, but look for this web site to become more popular in the near future as competition between coin dealers heats up.

The Ripoff Report has a scary-sounding name but the site’s premise works well. Consumers can complain about being “ripped off” by a particular business, and the business can respond. Consumers should exercise caution when using The Ripoff Report because reviews never go away and companies could have legal recourse in the event of libelous posts.

If you’re still hesitant about investing in gold Eagle coins through a dealer that is not in your area, you are not alone. That’s why Gold-Eagle.org has a full-time staff of non-commissioned gold Eagle experts to help you find the right dealer and right type of gold Eagle for your situation, so give us a call or send us an email today, and don’t forget to request your free copies of our four award-winning investing guides.

Why Didn’t Breaking Bad’s Walter White Buy Gold Eagles?

November 25th, 2013

AMC’s Emmy-winning hit show Breaking Bad wrapped up its final season a few weeks ago, and the response has been overwhelmingly positive. The writing, acting, directing and cinematography has been praised by everyone from amateur critics to acclaimed actor Anthony Hopkins himself. If you’re a gold investor but you haven’t finished the 5th season of Breaking Bad you may want to bookmark this blog for later reading, as the writing from here on out is something of a spoiler alert.

Golden Globe nominee Bryan Cranston plays Walter White, a high school chemistry teacher in his early 50s who finds out he has an inoperable lung tumor. He decides that to give his family financial independence after he is gone he must use his knowledge of chemistry to cook methamphetamine. He turns to a life rife with lies, murder, deceit and betrayal and soon loses sight of his original goal as he expands his criminal empire.

Cranston’s character amasses more than $80 million in cash, stuffed into 7 55-gallon drums, and drives into the New Mexican desert to bury his loot. He spends an entire day digging a hole, rolling the barrels into the pit and then covering them up before logging the latitude and longitude of the hidden stash. Wiki Answers says that one cubic centimeter of gold weighs 0.235 grams so a one-ounce gold Eagle is about 4 cubic centimeters. If a 55-gallon drum has 1,457,383.54 cubic centimeters of space, one could fit some 364,000 one-ounce gold Eagles into one barrel.

White could’ve stashed his ill-gotten $80 million with ease if he had converted the money into gold, as $80 million roughly translates into 61,500 one-ounce gold Eagle coins. On the other hand, if White wanted to stash enough cash to pay off our nation’s debt he would need 1,487,000 barrels according to Twitter user @iowahawkblog.

White could’ve conserved his time and energy, and possibly avoided confiscation of his money as well as Hank and Gomez’ death if he had converted some or all of his cash to gold. None of us will likely ever be in White’s specific situation but this example shows us just how private one’s wealth is when in gold instead of dollar bills.

Gold Eagle Fractionals, Silver Eagle Proofs Still Suspended: U.S. Mint

May 14th, 2013

Much to the dismay of investors and coin collectors the U.S. Mint is still unable to produce a pair of its most popular products. American Eagle gold coins of the one-tenth (1/10) variety are suspended due to the lack of a sufficient number of planchets, the round, gold blanks from which coins are minted. U.S. Mint spokespersons have been mum on when, or if, these coins will be available again. In the official statement released when the suspension began, the Mint merely said that the coins “would become available as soon as a supply adequate to meet anticipated marketplace demand” could be found.

Additionally, sales of silver American Eagle Proof one-ounce coins have been suspended, with no return date in sight. Proof Eagles of both the gold and silver variety have been hot sellers for the U.S. Mint for years because of their low mintage, dazzling eye appeal and the fact that Proof Eagles are the only collectible (and hence non-confiscatible) coins permitted for IRA purchase and storage.

What do these two product suspensions mean for you? Well, the other three weights of gold Eagle coinage are still available, and individuals who have their hearts set on tenth-ounce coins can still buy Canadian Maple Leaf gold coins. If you absolutely must have a tenth-ounce gold Eagle, you can either buy the Proof version (for a hefty premium) or try to find one on the open market, either through eBay or a coin dealer. Either way, expect to pay a significant amount over spot for your coin.

If you want silver Proof Eagles, you must turn to the open market. Large exchanges such as Gold-Eagle.org keep silver Proofs in stock to cover the rush of IRA clients who want to purchase precious metals each quarter, but be prepared to be confined to a minimum and maximum purchase volume until supplies are replenished. As always, be sure to check Gold-Eagle.org often for updates on these and other U.S. coins.

Can you tell a rare gold coin by yourself?

April 12th, 2010

Can you tell a rare gold coin only by yourself? How would you do it? You can try sinking your teeth into the coin, like people did in the old days. If it’s soft it’s gold not silver or copper or iron. Your rate of failure would be worse than 50-50 similar to that experienced by people from the olden days to more recent times before the advent of professional coin grading services like the Professional Coin Grading Service (PCGS) and the Numismatic Guarantee Corporation (NGC).

So, the immediate answer to the question is an emphatic NO. You cannot tell a rare gold coin only by yourself. Let the pros do it.

The PCGS and NGC were founded in response to the clamor and need for reliable and consistent grading of rare coins – the PCGS in 1986 and NGC in 1987. Coins certified by these grading services carry a premium price but are preferred by coin dealers and collectors. The PCGS as of 2009 had certified more than 16 million coins with a total market value of $17 billion. The NGC has certified over 10 million coins coming from all over the world as of 2009. Both these grading services use the Sheldon Scale of grading

Learn more about rare gold coins certified by the PCGS through Certified Gold Exchange (CGE), America’s most trusted gold exchange. CGE is rated with A+, the highest possible rating given by the Better Business Bureau. CGE has also a perfect Zero Complaint record since its founding in 1992. Call 1-800-300-0715 about the following certified rare gold coins:

Double Gold Eagles in $20 denomination, authorized by the Act of March 3, 1849. The Liberty Head Double Eagle struck between 1849 and 1907 and the Saint Gaudens Double Eagle struck between 1807 and 1933. Gold is 90% and copper 10%..

Gold Eagles struck between 1795 and 1933. Gold Eagle variants include Capped Bust Gold Eagle, Liberty Head Gold Eagle and Indian Head Gold Eagle. Composition was initially 91.67% gold and 8.33% copper, later changed in 1838 to 90% gold and 10% copper.

Gold Half Eagles, in denomination of $5, the first gold coins struck by the U.S. Mint under the Act of April 2, 1792. Gold composition was initially 96.7%, later changed to 90%. Variants include the Capped Bust, Liberty Head and Indian Head.

Gold Quarter Eagles in $2.50 denomination also authorized under the Act of April 2, 1792. Variants include Capped Bust, Liberty Head and Indian Head.

Joshua Harris

How Can You Tell The 1992 Gold Eagle From The 1986 Gold Eagle?

April 6th, 2010

Can you tell the 1986 Gold Eagle from the 1992 Gold Eagle? Actually there is not much difference. The difference is in one detail that has nothing to do at all with the value or quality of the Gold Eagle.

The Gold Eagle minted from 1986 to 1991 is dated in Roman numerals. In the 1986 mint you will see these characters MCMLXXXVI to mean 1986. The Gold Eagle from 1992 onwards is dated in the Arabic numerals.

All the coins in various denominations are identical in design except for the markings on the reverse side indicating the weight and face value of the coin which do not appear on the Gold Eagle Dollar.

The coins are in 22 karats, a purity of 91.67%, The following are their specifications:

Denomination Diameter/Thickness Gross Weight Face Value

1 troy oz. 32.70mm/2.87mm 1.0909 troy oz. $50

1/2 troy oz. 27mm/2.24mm 0.5454 troy oz. $25

1/4 troy oz. 22mm/1.83mm 0.2727 troy oz. $10

1/10 troy oz. 16.50mm/1.19mm 0.1091 troy oz . $5

The modern day Gold Eagle was introduced in 1984 as a commemorative coin and minted in 1986 for circulation. It is now one of the most popular gold coins.

The original Gold Eagle was minted in 1795 on the basis of the Mint Act passed by the US Congress in 1792. It is among the first coins minted by the US Mint. It was in 22 karats, with 91.67% purity. It remained in circulation until 1933.

Both the modern day and the original gold coins are much sought-after by collectors and investors worldwide. Ask about them at Certified Gold Exchange 1-800-300-715 or click here for you free “2010 Insider’s Guide to Gold Investing. Certified Gold Exchange specializes in a wide variety of gold investment methods such as certified investment grade rare coins.
Joshua Harris

Gold Eagle Production is Soaring High

March 23rd, 2010

The US Mint’s popular American Eagle gold and silver coins remain in high demand by US investors. Working to overcome production shortages, the Mint has stepped up operations, in an effort to maintain the demands of this Gold Bull cycle.

The Gold Eagle Was introduced in 1986; in large part, because in the early 1980s foreign gold coins like the South African Krugerrand were soaring in popularity. The United States didn’t want to be left out of the gold-coin realm, so it crafted the Gold Bullion Coin Act of 1985 which President Ronald Reagan promptly signed into law. It mandated that the US Mint produce a family of 22-karat gold bullion coins containing one, one-half, one-quarter, and one-tenth of a troy ounce of pure gold.

In August 2008 the first signs of trouble for the Gold Eagle came to the forefront. The US Mint announced it was temporarily suspending gold Eagle sales. This ignited a firestorm amongst Conspiracy theorist, and when the Wall Street Journal ran a story called “The Eagle Has Been Grounded” it the theories hit the mainstream public. Many commentators erroneously spun this Eagle shortage into a physical-gold shortage.

In the Mint’s defense regarding its August 2008 suspension, the Eagle demand spiked. There was no way to forecast the sudden demand, it was completely panic driven. More importantly, the Mint adapted more quickly than its critics have given it credit for. It produced 50k ounces of gold Eagles in July 2008, 86k in August, 113k in September, 122k in October, 117k in November, and 176k in December. These levels were way beyond bull-to-date norms.

2009 and the first quarter of 2010 have been very impressive. The Mint took the steps necessary to overcome the production bottleneck it encountered in the summer 2008. Production may still be short of demand, but with the mint’s present commitment to production The Gold Eagle may soon be soaring again.

Jashua Harris

American Gold Eagles Set Pace for a Record March

March 18th, 2010

American Gold Eagle bullion coins are on pace to track their best ever March, according to the latest United States Mint Sales figures. Since the coins inception in October, 1986, only the fiery pace of set during the Y2K scare seen in 1999 and the March pace set in 2009 have tracked higher.

With the first two weeks of this month now in the history books, US Mint sales of the gold bullion coins have reached 39,500. Leaving only 16,501 more coin sold to reach the number four spot in March sales history. Buyers will need to scoop up just another 48,501 during the next 2 1/2 weeks to pass March 1998 and earn the third best March ranking.

Volatile gold prices have made it an interesting year for American Eagles, and year-to-date sales now stand at 208,500. The third best start to a U.S. Mint Selling year thru the first quarter. Again, only the three month jump start in 1999 and 1987 (the first year of availability) has posted stronger numbers.

The Mint does not sell bullion eagles directly to the public, but instead to a small group of authorized purchasers who in turn resell them to precious metal providers, investors, dealers and collectors. These coins do not have a mint mark, unlike their numismatic counterparts.

For more information about this year’s Gold Eagle series bullion coin, to include specifications and design details, Contact one of our friendly Gold Eagle Coin Experts.

Buying Gold Eagles

March 4th, 2010

For safety purposes, many household investors logically gravitate to the notion of buying Gold Eagles from the U.S. Mint, since the government backs their coins for weight, and precious metal content. Safe and insured delivery by the United States Postal Service also accompanies such purchases, so many individuals have been buying Gold Eagle bullion from the U.S. Mint for this added security. It isn’t general practice for rare gold coins to be purchased from the U.S. Mint, although a 1933 $20 Saint Gaudens was recently auctioned off for a price of more than $7 million, with a British coin dealer claiming half of the auction proceeds, and the U.S. Mint collecting the remaining half. ($20 was awarded to the Treasury Department, for the face value of the coin

Buying Gold Eagles from the U.S. Mint became such a popular notion in fact, that the Mint was forced to indefinitely suspend production of gold and silver Gold Eagle bullion coins, until a sufficient number of blanks are accumulated to resume minting. The mint has produced millions of bullion coins since 1986, so plenty of Gold Eagle coins are available on the open market.

Novice precious metals investors should know that buying Gold Eagles shouldn’t be much more costly than the current gold spot price, which fluctuates hourly, and represents the cost of one troy-ounce of pure gold. Those who wish to receive institutional discounts on their Gold Eagles are encouraged to contact one of our friendly specialists today.

Joshua Harris

Gold Eagle Coins

March 2nd, 2010

Variations on Gold Eagle coins are primarily disseminated by their classification as either bullion, or rare coin, with prices between the two types being one of their most notable distinctions. Bullion Gold Eagles’ prices are based on the current gold spot price (which represents the cost of one troy-ounce of pure gold), while rare Gold Eagles command substantially higher prices, and generally require numismatic certification to be considered as legitimate long-term investments.

Bullion Gold Eagle coins are one-ounce, 22-karat gold coins with a $50 face value, and their design is an inexact replica of rare, $20 face value, Saint Gaudens gold coins, which are also 22-karats, and contain just under a full troy-ounce of pure gold (.9675 ounces). Novice investors should always be sure to verify the status of any prospective Gold Eagle coin they are considering, and not to be needlessly swayed by coins that show PCGS (Professional Coin Grading Service), or NGC (Numismatic Guaranty Corporation). There are unscrupulous gold dealers who sell modern bullion coins that they’ve had certified by either of these globally reputable companies, so as to convince unsuspecting buyers that they are paying for a rare gold coin.

Numismatic certification is only necessary for rare gold coins, which are historically proven safe haven assets for long-term wealth protection. The numismatic value that rare coins possess can appreciate dramatically throughout long-term recessions, so prospective buyers are encouraged to research coins like $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins, which are commonly known as Double Eagles. Those who contact one of our friendly specialists can receive institutional discounts on their gold, as opposed to paying the over marked prices that precious metal retailers typically charge.

Joshua Harris

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