Daily Gold Eagle Update

June 4, 2009 – Gold Eagles are the most popular and widely traded gold coins available, and today I would like to focus on Double Eagle coins that are an increasingly popular investment amongst American investors who seek long-term wealth preservation. Like many investment grade rare coins, the Double Eagle coins have historically shown long-term wealth preservation that cannot be obtained with modern-day bullion products like the American Eagles. There are two different categories of Double Eagle coins, the first one being the $20 Lady Liberty and the second one being the $20 Saint-Gaudens. As far as the widely traded, common dated coins are concerned, they both seem to be within the same price range on the price guides of the Professional Coin Grading Service and the Numismatic Guaranty Corporation. Investors who own numismatic coinages can track the updated retail prices of their investments simply by logging onto the websites of the leading third party rare coin certification companies, the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC).

By around 3:30 PM Eastern Standard Time, the majority of investment grade Double Eagle coins are increasing in value side-by-side with the modern-day bullion American Eagles as the spot price of gold erases its earlier losses and begins climbing to $978.60 per ounce, jumping up $16 for the day and also jumping up $82.70 in the last 30 days. Short-term market projections are forecasting spot prices to reach $1000 per ounce by next week if the United States Dollar Index continues in its current downward spiral.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org