Thursday, October 30, 2014

U.S. and Royal Mint Launch New Gold Coins on Higher Sales

The United States Mint and the Royal Mint of Great Britain released new gold coins this month to meet increasing numismatic demand.

The 2014-W Proof American Platinum Eagle and the Roosevelt Presidential $1 Coin & First Spouse Medal Set were released on October 20 and 21st and the Royal Mint in England announced this week that they will begin offering 24 carat Brittania coins in 1/2 ounce, 1/4 ounce, and 1/10 ounce denominations.

The Royal Mint's Director of Commemorative Coin and Bullion, Shane Bissett said that these "coins offer a relatively affordable introduction to gold" and that the mint wanted to make "the purchase of gold even more accessible to customers."

The 1/10 ounce coin is currently worth £90.80. Previously, the cheapest available gold coin from the Royal Mint was the Sovereign, which is currently worth twice that.

Gold coin sales have been on the rise in recent months and the United States Mint reported that coin sales have been increasing month after month with October sales being the highest so far in 2014.

The increase in sales has been partially attributed to seasonal demand as well as the popular belief that gold may be currently undervalued at a time when the markets are due for a correction.

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