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