Even in a shortened holiday market, gold was the largest winner as it climbed $25 to $1624. This move is on top of a $44 climb last week as investors realize there is little safety in bonds or currencies around the globe.
At the same time, outside the euro area, global crisis has entered a stage of stabilization (not growth, yet), which means that demand for gold as safe haven (rather than a hedge) should be moderating as well. This can be expected to have a more modest impact on coins sales than on gold sales and especially ETFs-instrumented gold sales.
In other words, fundamentals (inflation expectations, longer-term savings and investment objectives) should be driving current demand for gold coins.