The U.S. Mint was expected to lower Proof Eagle prices by $50 per ounce.
Chicago, IL (PRWEB) May 16, 2013
An executive for a long-standing precious metals exchange has went on record to thank the U.S. Mint for lowering prices of its 2013-W Proof American Eagle gold coins. Stewart Lawson, vice president of marketing for Gold Coin, a gold coin dealer with depositories and locations across the United States and the Caribbean, released the following statement after Coin News reported that the U.S. Mint was expected to lower Proof Eagle prices by $50 per ounce.
“Americans rely on the U.S. Mint to fit the needs of their retirement accounts because the Proof Eagle is the only collectible coin allowed within IRAs," Lawson said. “Gold has increased in value consistently since 2001, as have the U.S. Mint gold coin prices. Now that gold’s gains have back-pedaled somewhat it is only fair that the U.S. Mint adjust their prices accordingly.”
The U.S. Mint raised gold coin prices across the board with a $50 per ounce increase on May 1. Since that time, gold has plummeted almost 4 percent and currently resides in the $1395-$1405 range. The projected prices for gold Eagle Proofs is $1,760.00 for one-ounce coins, $895.00 for half-ounce coins, $460.00 for quarter-ounce coins and $195.00 for tenth-ounce versions.
Gold Coin (GoldCoin.net) has over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of precious metals and offer free home delivery. For more information or a free “Gold Coin Starter Kit,” visit http://www.goldcoin.net or call 1-800-425-5672 today.