Gold American Eagles Still Soaring

In an update to my article on Gold American Eagles, I mentioned that 710,000 Gold Eagles were sold in 2008 versus 140,000 the year before. Further numbers show interest is still strong in this popular gold bullion coin.

In March 2009 136,500 Gold Eagles were sold compared to 113,500 in February 2009 (Silver American Eagle sales totaled 3,132,000 in March!). But there is something missing from these totals - Fractional Gold Coins. All Gold Eagles sold were one-ounce coins.

If you are at all familiar with Gold American Eagles (from my article or elsewhere) you know that they are normally produced in half-ounce, quarter-ounce and tenth-ounce sizes also. But the U.S. Mint has suspended their production and will not say when production will resume.

If you have been investing in Fractional Gold Eagles, you know the premiums are higher than one-ounce coins (the smaller the coin, the greater the premium). If this continues, expect the premium on these gold coins to rise farther still.

Happy Investing!