Robert Castellano

Examining the "Unprecedented Demand" for Gold Eagle Coins

The US Mint has turned into a huge profit center for the US Government, raking in millions of dollars in profits each year. Coin collecting has been on the upswing starting with the State Quarters and the US Mint has benefited with its annual commemorative coins. With the downturn in gold prices, the Mint does not want to be selling gold bullion coins now that the price is low. Look at statistics for the Gold Spouse coins and see how the Mint raised prices dramatically in the past year from the initial price set with the Martha Washington. With fewer gold coins on the market, it will naturally drive up prices and validate the Mint's high bullion coin prices, thus raking in even more profits.