Posts Tagged ‘Eagles’

The United States Mint sometimes stops minting American Eagle coins, usually because supply is much less than the powerful demand. This of course is both good and bad news for those in gold Eagle investing. On the negative side, there are fewer gold Eagles available for purchase, but on the bright side, the coins you already have in your possession are seeing a steady climb in value due to unprecedented consumer demand. In the end, this means that if you buy Gold Eagles, they are still amongst the smartest options available for any American investor.

If you wish to buy gold Eagles, luckily there are options outside of buying directly from the US Mint, and either way you can rest easy knowing that gold prices are going strong and that they are still steadily rising.

And of course, with social security drying up and fewer and fewer companies offering solid 401k plans, many people about to retire are choosing to buy gold eagles, as they may well be the best option for those hoping to live out their retirement years in comfort.

Our advice is to just not worry too much about the gold Eagles being suspended. It would be nice if they could get some more coins out there before they end the 2009 Ultra High Relief Program, but remember that the only reason the coins are being suspended in the first place is that demand has reached an incredible all time high, while in the meantime, the Mint is quickly running out of resources to produce enough coins to meet these demands. If you know anything about basic economics, then you also know that this is good news for anyone currently holding Gold Eagle investments.

Demand will most likely continue to rise as the economy still isn't in the best of shape, as the current crisis is really what has driven the demand for the metal up in the first place. It is unfortunate that so many people wait until economic crisis to turn to smarter investment options like investment grade coins, but, as Kurt Vonnegut would say, so it goes. Because of this, we can't be entirely certain that the US Mint will be able to keep up with the ever-growing demand for these beautiful coins.

Bottom line, your coin investments are going strong, they've been growing, they continue to grow, and the trend tends to suggest that they will keep growing in the future.

The US Mint is putting all available 22-karat blanks towards these investment grade coin programs, so it won't be too long before things are back on track. Until then, just relax and enjoy the comfort and security that your coin investment has provided you with thus far. Nobody enjoys a recession, but at least these times are going a little easier on those who had the foresight to buy gold Eagles before the value of the dollar became a serious issue.

Coins are usually collected just as a hobby. But you can actually buy these things called gold bullion coins, which retain a value equal to their weight in gold, literally! Gold bullion coins are usually available in a variety of sizes, usually 1 troy ounce or less. There are so many world gold bullion coins released by various countries.

The South African Krugerrand was first issued in 1967. The Krugerrand is available in one, half, quarter, and tenth troy ounces. It has a fineness of 22 carats, meaning it is 91.67% pure gold. Over 46 million ounces of the South African Krugerrand have been sold through 2008. It was first minted to assist in marketing South African gold.

The American Gold Eagle was first issued in 1986. This coin is also available in the same sizes that the Krugerrand is in. It's also 22 carats. A single troy ounce Gold Eagle coin has a face value of $50, but the gold in the coin is worth over 18 times that amount.

The Mexican Gold Libertad was released in 1982. It's available in the 4 sizes mentioned above, as well as an extra twentieth troy ounce size. The interesting thing about the Libertad is that it's not just 22 carats. It's actually 24 carats, meaning that the coin is 99.9% pure gold. The Libertad is also available in silver, where sizes go up to a whole kilogram.

The Canadian Gold Maple Leaf is Canada's official gold bullion coin. Like the Libertad, it is released in five different sizes. The Royal Canadian Mint set new standard for gold purity with the Maple Leaf, as it released a special version coin in 2007 that was 99.999% pure gold, nearly no base metals. The same mint also produced a massive 100 kilogram gold bullion coin. Needless to say, only five were produced. The Maple Leaf's gold comes direct from Canada's mines.

The Austrian Philharmonic is released in five sizes, all with 24 carats. The largest size is the 1000 troy ounce coin, which equates to around 69 pounds. It has a face value of 100,000 euros, and 15 coins were minted in 2004.

As you can clearly see, the minting of gold bullion coins doesn't stop at the larger countries. It's a global thing, because these coins actually help an economy (see Krugerrand). Many of these coins, although they have a face value, end up being worth around $1000 no problem, but you have to take size into account. A 1/20th troy ounce coin will probably be worth 20 times less than a one troy ounce coin. Nevertheless, watch the price charts of gold and you're going to see a similar trend in almost every single one of the world gold bullion coins.

• These tubes hold up to 20 1oz US Gold Eagle coins
• They will also hold any coin, token, or poker chip up to 33mm, though the maximum quantity will vary depending on the thickness of the items
• 1 oz American Gold Eagle Coins
• Each order is for 1 box of 50 tubes

Product Description
Coin Safe tubes are the premier coin tubes for long term storage of your coins. They are made of an archival safe material. The tubes are unbreakable and stack nicely. They feature a locking cap for added protection. Made in the U.S.A.

50 Coin Safe Square Coin Tubes for 20 1oz Us Gold Eagles