December 17 - Daily Gold Eagle Update

December 17, 2008 - Gold Eagles have been moving up the charts as American investors continue to flood the market in search of protection and possibly profit at the same time. Gold is currently sitting at $866.70 per ounce, which is 17.47% increase in the last 30 trading days.

The Gold Eagle has been around for about one hundred years now, and it’s still considered the most beautiful coin ever minted. There’s literally no contest on this. And it’s not as if nobody’s been trying. Since the coin was first minted in 1905, we’ve seen literally hundreds of new coin designs. We’ve seen hundreds of new coin designs in the last fifteen years alone, with the new state quarters and so on, and not a one of these coins has really touched on the beauty and investment potential of the Gold Eagle.

First of all, Augustus Saint-Gaudens is simply a one of a kind artist. We should be glad if we get one sculptor like Saint-Gaudens every hundred years.

Secondly, today’s best artists are moving further and further away from the traditional forms like sculpting, figure and portrait painting, and more towards multimedia like film and music. I’d argue that the better artists of the last fifty years have all been movie directors and musicians, rather than sculptors and painters.

If you asked me to show you the turning point where American art was defined as being different from European art, I’d probably just show you a few Gold Eagles and Indian Heads. Not only have we not had such a beautiful coin since, I don’t think we’ve had one whose design was nearly as important a turning point in American culture.

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Arthur McGuire

Senior Staff Writer - Certified Gold Exchange