Daily Gold Eagle Update

June 25, 2009 – When it comes to investing in American gold coins, I have realized that many investors do not know the difference between modern-day bullion American Eagles and pre-1933 rare Double Eagles. The modern day bullion American Eagles have been in circulation since 1986, when the United States Treasury decided to begin producing an official bullion coin. These coins trade at a very low premium above the spot price of gold, making them easy to purchase and sell when looking to make short-term profit. On the other hand, the pre-1933 rare Double Eagles were in circulation between 1907 and 1933 as official currency in the United States, yet the gold confiscation of 1933 forced many of these coins to be melted down in order to prevent a collapse of the dollar. Nowadays, many wise investors purchase these Double Eagles as a long-term wealth preservation tool because their numismatic value tends to appreciate over time faster than modern-day bullion products, making them a viable long-term profit tool as well. If you’re looking to begin a diversification with gold coins, it is highly recommended that you work directly with an expert advisor in order to find out precisely which coin could be best depending on your investing goals and needs.

By around 5 PM Eastern Standard Time, the majority of gold Eagle coins are increasing in value slightly as the spot price of the metal slowly climbed to $931.10 per ounce, moving up .57% for the day and also moving up 4.69% for the year.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org