Golden Eagle Flyin'

Question by Jem: How do you calculate for the value of an American Gold Eagle coin and How are the prices of Gold Bullion set?
Same as the title. Thanks

Best answer:

Answer by ibu guru
Gold and silver are traded on the markets. So are platinum, palladium, copper, zinc, wheat, corn, and all kinds of commodities. The prices change constantly during trading hours as traders buy & sell these. It's analogous to trading stocks on the stock markets, foreign exchange on the forex markets, etc. You can look up prices a lot of places, including Yahoo Finance, stockbrokerages, various gold trading outfits, etc. Most will have charts tracking prices over a period of time.

Gold coins typically sell for a premium over spot bullion, but again the prices are "set" by traders as they actively trade. When lots of people want Eagles, Kruggerands, etc, and supplies are tight, the premiums over spot bullion can increase sharply. Again, it's like trading other commodities. When the world is short of wheat and people want to eat, the price can jump quite sharply. When there is a bumper crop, prices drop.

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Originally posted 2010-12-04 12:05:36. Republished by Blog Post Promoter

Question by LBTNG: What type of Gold American Eagle coins are best to put into a gold IRA?
I have decided to buy a gold IRA, but there is conflicting information given by different companies.

Some say to put Gold "proof" American Eagles in it, because they are more valuable than non-proof American Eagles. Others say that it is not worth it, because the coins, when in an IRA, are only valued based on the value of the metal itself, and not on the collectible value, so this is just a way for the salesman to make a better commission from you.

Does anyone know the real answer to this question?

Best answer:

Answer by dmatt
The fees can be crazy on holding physical gold in an IRA, and many companies are no more than elaborate scams. If you want to own gold, buy the GLD ETF. GLD is the worlds second largest holder of physical gold, and its much much much cheaper to buy that than physical gold. If you still want physical gold buy bullion. Bullion does not have the collector value that coins have and as such your value won't fluctuate with the collector market, just the gold and currency markets. If you're not stuck on buying gold in your IRA, take a look at the bullion offered on ebay, thats a really cheap way to own physical gold and its easy to sell for cheap on ebay. I've done this myself, just be selective with what gold you buy, make sure its in a sealed pack and comes with a certificate from a reputable mine like Pamp Suisse.

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Originally posted 2011-03-04 12:01:51. Republished by Blog Post Promoter

Question by blackjadedmoon: How much is a quarter american eagle bullion gold coin worth right now?
I don't want to get ripped off
wise_irish_owl...i'm not that stupid, i know it is not that cheap...if it were everybody would be stocking up on it. I know a quarter ounce is at least 0 - 0. I want someone who knows the real answer to tell me...like a gold collector.

Best answer:

Answer by wise_irish_owl
US.

Source: http://www.taxfreegold.co.uk/eaglesinfo.html

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Originally posted 2010-11-06 00:07:23. Republished by Blog Post Promoter

Question by Cakewalk: Should I have my gold eagle coins from 2004 and 2006 professionally graded?
I have 4 gold eagles (2004, 2006) straight from the US Mint. First of all, I am wondering whether I should grade it now or not. Secondly, I would really appreciate if someone can describe the process (concerning safety, or coin submission). Last but not least, I would like an expert opinion on picking a grading company (PCGS or NGC).

BQ: How much does PCGS or NGC charge for grading a coin?
Sorry My bad. It's a gold coin. 1 troy ounce gold.
It's non proof, so I guess business strike?

Best answer:

Answer by curtisports2
Before we can go any further here, no gold eagles were made. They're , , and . Also, are they proofs or business strikes?

Edit: OK. If it was me, I wouldn't spend the money. Business strikes are pure bullion plays, unlike the proofs made for collectors. Collectors do go after the business strike bullion coins, but they want the higher grades, MS69 and MS70 (which are not that hard to find for the last few years of release).

PCGS charges per coin for these, and you have to be a paid member. The best deal is a one-year membership for 9, which includes 4 'free' submissions. You have to pay the postage both ways. Not too bad, if you're going to use those 4, plus use their online tools like the population report and price guide.

But, that's only if the is well spent. In my opinion, it's not. According to their guide, for both 2004 and 2006, starting at MS63, there is only a increase per step up in grade, up to MS68. They start at 80 and go to 30. It jumps to 60 at MS69 and 00 at perfect MS70.

That's guide. At eBay, raw 2004 are going from 20 - 90, with the lowest coming a week ago and the highest in the last day or so. That's reflective of what gold did this week. An NGC MS70 sold for 14 two days ago. A PCGS MS69 sold for 03 a week ago. Yesterday it probably would've gone for 20. That would just about cover the fee, over a raw coin for 90. But there's no guarantee of getting a 69. A 68 or less is basically just a bullion coin.

For 2006, values are similar. I don't see grading paying off.

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Originally posted 2010-07-28 12:01:39. Republished by Blog Post Promoter

Question by Mariam: 1994 american eagle five dollar gold coin?
its still in the box with the certificate of authenticity

Best answer:

Answer by liberty 911
With the current value of 1/10 troy ounce of gold at over 0US, a coin dealer would pay slightly less than that.

What do you think? Answer below!
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Originally posted 2010-07-31 12:03:51. Republished by Blog Post Promoter

Question by Dewayne: Is buying Gold, Platinum or Silver American Eagle Proof coins (US Mint) a good investment?
I imagine this would depend of the how the price of gold, platinum or silver does in the marketplace, but would there also be a collectors' interest even if the prices of metals took a downturn?

Best answer:

Answer by GuamGuy
Basic way of making money:

Buy low, sell high.

Look at the current cost of gold and silver and compare it to the last 50 years. Is it low right now? If you're buying "high" then it's not a good investment.

Add your own answer in the comments!
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Originally posted 2010-08-30 12:03:36. Republished by Blog Post Promoter

Question by RP: american gold eagle coin fake???
i just bought on ebay for 0, a 2004 bullion american gold eagle, the edges and lettering are perfect, no mottling or pockmarks, the US mint states they're supposed to weigh 8.483 grams, but when i weighed mine, it syas it is 8.522, off the stated mass by .039, is this normal? seeing how each coin can't be identical?

Best answer:

Answer by coolrage256
yeah i would say thats a pretty good fake but if you dont believe me call the FBI and ask them cuz they only supposed to be .012 off

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Originally posted 2010-08-05 00:11:12. Republished by Blog Post Promoter

Question by rman2134: American Gold coin Eagle fake?
what are the chances a , 1/4 ounce bullion gold eagle from 2004 is counterfeit? i got it on eay for 0, or is it too much money to counterfeit a lower valued coin? it looks like gold, but i fear it may be fake.

Best answer:

Answer by kavon. s
well we have to see it but go to a jewlery store or a pwan shop to see if it is real

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Originally posted 2010-08-02 00:01:56. Republished by Blog Post Promoter

Question by ThaShotCalla: **URGENT!! **How Much Is A 1999 DOLLAR GOLD EAGLE Worth? ?
I was recently looking at currency items on Ebay, and I came across a 1999 dollar Proof Gold coin that was for sale, and noticed it had a "Buy It Now" price of ,355 dollars. I am fairly new to collecting coins, so I was hoping someone could please possibly help me out with a question I had about that coin. Is this coin a "very rare" coin? Is it because it's been graded by chance? Or is it a rare coin as far as the year? I have searched all over the web trying to find this out, and realized several sites that deal in gold coins had several .00 gold coins for sell, but the 1999 coin wasn't available in their lists, they had surrounding years, but skipped 1999. Is this coin a "very rare" coin? I would greatly appreciate your help & response to this, It's driving me crazy trying to find out an honest response by searching the web, It interest me because i believe i may also have this coin in a collection i have in storage, but mine has not been graded. Does having the coin graded greatly increase the value as well? Again, I would really appreciate any help on this, and look forward to your response. I Would Appreciate An Urgent Honest Response! The Link To The Coin On Ebay is - http://cgi.ebay.com/ws/eBayISAPI.dll?Vie...

Best answer:

Answer by Taiping
The person selling the coin is looking for a sucker. Mintage for the 1999-W (proof) was 30,452. Looking at mintage's the 1998-W was 25,549. The scarce ones are 2004-W at 7,835 & 2005-W at 7,054. Now you know why I dislike ebay dealers, for most are very dishonest and some are down and right crooks. This is my personal opinion here.
there is a limited collector base to the proof gold bullion coins. In reality they are a government made collectibles so they can make money. They put a denomination on them only because without it they would not fit the definition of a coin. You need to read up on things before spending your hard earned cash.

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Originally posted 2010-06-06 00:05:44. Republished by Blog Post Promoter

Question by RB: What is the cheapest way to sell my American Eagle gold coins?
I have 10 one ounce 2008 American Gold Eagle gold coins that I want to sell.

I could go to the broker I bought it from, but he charges 3% commission.

Are there anywhere else that I can sell it for cheaper commission?

Best answer:

Answer by T.J.
You need to call around to several coin shops in your area.

Bullion coins are in demand now. You should be able to get spot or above.

I sold some last week for over spot. The current spot price is about ,345, but changes throughout the day. I would not take less than spot. Call around and see who is paying the most, I would stay away from a broker. That sounds like a ripoff. Do a google search for "gold bullion + your city". The local coin shops pay the most. The spot price may go up or down by the time you drive over to the shop, but at least you know who is paying the most over spot.

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Originally posted 2011-02-23 12:10:46. Republished by Blog Post Promoter