Current Gold Prices

The current gold coin prices vary a little depending on which exchange company you decide to use. The one thing that should be consistent is the gold price of gold bullion.  At Current Gold Prices the gold coin market is a focus.

Today July 20, 2009 the gold price for one pure ounce of gold is at $951.00. This was verified with several companies. Be cautious and use the closing gold price as a tool to judge a company that offers gold coins for sale. Another precaution that should be taken is knowing the difference between a company’s buying price and selling price of a coin.

To illustrate these principals as an example I will use the 1 ounce Eagle U.S. Gold Bullion coin. The stated closing gold price was $948.50 at California Numismatic Investments. The U.S. Gold Eagle coin was selling at $993.00 and they were buying this coin at $963.00. At the USAGOLD-Centennial Precious Metals the closing gold price was $951.00. They stated the price of the coin is reflected as an average price of a 10 ounce order. The U.S. Gold Eagle was selling for $1,012.82. At Monex Precious Metals the closing gold price was $951.00. The U.S. Gold Eagle coin was selling for $996.60.

As illustrated, not only do different companies state the price of gold differently but also the value and price of particular coin. As the day to day fluctuation in gold prices happens, the investor must be well informed to obtain the best price.

All investors must remember that every company involved in the gold bullion trade is out to make the maximum profit for their company. The Better Business Bureau should be consulted for information about any company before any investment is made.

Because of the fluctuating current gold coin prices, researching the investment companies and the gold market should be done before any money is exchanged.