Gold Eagle Coins

Coins & Paper Money -> Gold -> American Eagle

Gold Eagle coins are American currency, first released in 1986, that contains the stated amount of actual gold weight claimed in troy ounces, with a silver and copper alloy added to make the coins less soft and more wear resistant. The coins are an official US gold bullion coin, authorized by the Gold Bullion Coin Act of 1986.

The first Gold Eagle coins minted from 1986 to 1991 are dated with Roman numerals. Gold Eagle coins from 1992 onward switched to Arabic numbering. These coins are worth far more than their face value, because of their gold content. In the beginning of 2008, a $5 American Golden Eagle was actually worth about $110, with this amount varying daily, of course, based on the price of gold. The US Mint makes a proof suitable for collectors, most which carry the mint mark of “W” (which stands for the West Point mint in New York) beneath the date.

The design on Gold Eagle coins is often referred to as one of the most beautiful to grace an American coin. It features Lady Liberty holding a torch and an olive branch, her hair flowing, with the Capitol building in the background. The reverse of the coin boats an eagle above his nest of hatchlings, with the mother eagle watching over her brood. The male eagle carries an olive branch, long known as the symbol for peace. The coins come in four sizes: one-ounce, half-ounce, quarter-ounce and one-tenth ounce. The American Golden Eagle has become the most widely traded gold bullion coin in the world.

Gold Eagle coins are certainly valuable to coin collectors, and investors, thanks to their gold content. For collectors interested solely in the design, Golden Eagle proofs are a great addition to your collection. They’re designed specifically for coin collectors, and don’t carry the high price of the real gold bullion coins. These are widely available in places like flea markets, online stores and online auctions and their value is based on their condition. They should be graded like ordinary coins, from poor to uncirculated, and judged on that basis.

True Gold Eagle coins, though, are an actual investment whose gold content and purity are actually guaranteed by the US Government. American Eagles are actually even valid deposits for Individual Retirement Accounts, otherwise known as IRAs. Every major government holds gold in reserve because it’s a tangible asset. What you hold in your hand is what’s valuable, unlike paper money and coins, whose value is representative of assets like gold that are held in the treasury.

Gold Eagle coins are an easy and affordable way to invest in gold. Where big investors might trade for gold in thousands of dollars or more at a time, the average investor or beginning investor can choose to purchase American Eagle coins instead. The value may vary daily with the price of gold, but the rarity of real gold virtually ensures that the value won’t drop dramatically as other investments can.

Originally posted 2008-10-16 05:00:50. Republished by Blog Post Promoter

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Wheat Penny

Money -> Small-Cents -> Lincoln-Wheat-1909-1958

Wheat Penny

Probably one of the easiest coins to acquire for a coin collection is the wheat penny. This coin was a United States penny minted from 1909 to 1958. The coin goes by many names, including the Lincoln Wheat Cent and Wheatie, and was worth 1 cent at the time it was minted. While few are worth more than that today, some uncirculated mintings have gone for thousands of dollars at auction.

Most of us who had grandparents or parents who kept pennies in jars have been able to search through those coins and find at least one wheat penny or two. The front of the penny looks indistinguishable, at first glance at least, from the pennies minted today because they still bear the bust of Lincoln on the front (or obverse) side of the coin. The back of course is different, because the two wheat stalks that were on the reverse of the wheat penny were replaced with the Lincoln memorial in 1959.

The change in the reverse design, however, isn’t the only different between the wheat penny and the modern penny. And there are even variations among wheat pennies, depending on the year the penny was minted. Some of the wheat pennies produced in the beginning featured the initials of the sculptor, Victor David Brenner, on the reverse side of the coin below the wheat stalks.

This was a cause of controversy, however, and in 1918 the initials VDB were moved to the front of the coin. You must look very closely at a wheat penny from those early years and you’ll see the tiny initials on the bottom of Lincoln’s bust, below his shoulder. The coins produced before the change was made in California are more valuable than most other types of these pennies, because less than half a million were produced by that mint before the public complained enough about the prominent initial display to have it changed.

These early pennies are called “VDB” cents due to the placement of the initials. If you happen to find a 1909 wheat penny with those initials on the back below the wheat stalks that was minted in San Francisco, California, even if the coin is in poor condition, it could be worth hundreds of dollars. Mint coins with that configuration can go for much, much more. VDB cents minted in Philadelphia hold much less value, because more were produced. The 1914-D coins are also typically quite valuable.

A wheat penny with a minting error can also be valuable, such as the 1922 penny that looks plain because the die was full and couldn’t imprint the coin, and one produced in 1955 which appears minted twice, known as the doubled die coin.

If you can find lots of wheat pennies for very little money, you might enjoy looking for these different variations. Someone without an interest in the wheat penny who puts several up for auction in a lot might not even be aware that they’re selling a gem.

Originally posted 2008-11-17 14:00:16. Republished by Blog Post Promoter

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