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Thursday, 19th February 2004 (6461 views)

Coin dealers are reporting soaring sales of gold coins, as both collectors and those seeking to profit from the precious metal snap up the trinkets.<BR/><BR/>Dealers claim the sudden increase in sales is a result of gold prices nearing a 20-year high.<BR/><BR/>Financial experts say gold prices have hovered near $400 an ounce since November, the Associated Press reports, pushed higher by political instability and uncertainty in the Middle East. <BR/><BR/>Max Hagen, a Cedar Rapids coin dealer for 40 years, claimed that the last year had been one of his busiest ever.<BR/><BR/>Mr Hagen says that he has been advising customers to buy the common one-ounce coins that are widely circulated, such as American Gold Eagles, Canadian Maple Leafs and South African Krugerrands.

 

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