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Performance of US Mint Gold Coins

April 30, 2012 by
gold coins

Q1 2011 saw 14% drop in US minted gold coins sales due to rising gold prices. But the end of June 2011 saw a flurry of activity among gold investors and traders over many U.S. gold coins. The US minted gold coins’ sales figures for the first half of 2011 are as follows: American 1oz. Gold Buffalo at $78,000 American 1 oz. Gold Eagle at $503,500 American ½ oz. Gold Eagle at $55,000 American ¼ oz. Gold Eagle at $64,000 American 1/10 oz. Gold Eagle at $250,000 Julia Grant Gold coin (First Spouse)September 11, 2011 had the first production of First Spouse and National Medal gold … [Read more...]

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Buying Gold Coins

February 7, 2012 by
buffalo gold coin

There is an almost frenzy buying and selling of gold coins in the States nowadays as exemplified by the many new gold business companies. This is a good indication of the growing number of Americans who are interested in gold coins. The spokesperson for the World Gold Council mentioned that although gold recycling is very common in the Middle East and India, it is a relatively new practice in the West.  The third quarter report of WCG on gold for 2010 mentioned an increase in the West’s recycled gold supply in recent years accounting for about 41% global supply in 2009. An economics … [Read more...]

Filed Under: Gold Bullion, Gold Market, Gold Prices Tagged With: , , , ,

Buying Gold Coins: What You Should Know About Gold Prices

February 7, 2012 by
amercian gold eagle

Gold prices were rising as much as 6% in the third quarter of 2010 according to the US Mint; this rise could be due to the 5% rise in demand for gold coins and bullion coins. Another possible factor which caused the gold price to rise is the decline of the greenback. The currency value decline boosted gold investment; there was more demand for gold coins with a record currency figure. Hedge funds were also buying up more gold coins, which impacted the demand for gold. However, the US Mint seemed to experience difficulty with the gold coin production; especially the 24-karat American Buffalo … [Read more...]

Filed Under: Gold Market, Gold Prices, Rare Gold Coins Tagged With: , , ,