Gold Coin Proof Eagle Update

August 27, 2010 – The US Mint is still apparently at a loss for words regarding the future of the Proof American Eagle gold coin. After producing a limited number of proof gold coins (in sets containing a one ounce coin, a ½ ounce coin, a ¼ oz coin, and a 1/10 oz coin) every year since 1986, the US Mint has been plagued by gold planchet (coin-shaped gold blank) shortages for the last two years.

Federal law requires the bullion American Eagle gold coin to be minted in quantity to meet demand. Many people feel vulnerable to the volatility of paper assets, so they have flocked to bullion Eagles and other gold coin investments. This has created a shortage of gold blanks at the US Mint, so to satisfy the demand for the bullion has forced the US Mint to halt the gold Proof program.

As the only collectible and hence non-confiscatable gold coin allowed for IRA purchase, the Proof gold Eagles have far outperformed other 22 and 24 karat gold IRA investments. Last year the Proof golden Eagles showed a 26% gain between August and December, and the rising number of professionals rolling their IRAs and 401Ks could mean Mount Everest-level prices down the road if our economy takes a few years to get back on track.

If you would like information on selling or buying the American Eagle gold coin in bullion or Proof form, or if you have other questions regarding gold investing outside or from within an IRA, email or call one of our gold coin advisers today.

Kevin Johnson

Senior Staff Writer –

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