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Thursday, 28th April 2005 (4506 views)

A new bill has been passed by the White House to create the first 24-carat gold bullion coin for America.<br/><br/>The House approved the creation of a new gold-coloured coin displaying the faces of presidents, which would join the Sacagawea coin, worth one dollar but selling for more.<br/><br/>It is hoped the coin will boost the use of dollar coins, however the legislation meant the nation's first investment in a gold bullion coin would also be set up.<br/><br/>The coin would have a face value of ten dollars but would sell for more and would show the portraits of first ladies.<br/><br/>Coins will go on sale from early next year.<br/><br/>According to officials at the Mint, the coin could help the US gain a bigger share of the global market in gold collector coins, with the potential world market currently standing at $2.4 billion per year.<br/> <br/>At present Austria, Canada, China, Australia, Mexico and Singapore hold the market.<br/><br/>In the past 22-carat American Eagle gold bullion coins have been produced by the Mint for collectors.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8378943"/>

 

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