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
Related Posts -
Determining Rare Coin Values in Your Collection When you are deciding whether or not you would like to add a specific coin to your collection, one of the things that you are going to want to take into account is rare coin values. The rare coin values that you find will ultimately be determined by availability of...... -
Rare Gold Coins money -> Coins-World -> Gold Gold is one of the most popular substances in the world, and rare gold coins are highly sought out by collectors, not just for the precious gold content, but because of the rarity of the coins and the designs themselves. How do you know...... -
Silver Bullion Coins Coins & Paper Money -> Bullion -> Silver People buy silver bullion coins for a few different reasons. Some buy them because of the precious metal content as an investment and buffer against inflation. Some people buy them because they fear that one day our popular currency will become worthless,...... -
Roman Coins Coins and Paper Money -> Coins: Ancient -> Roman: Republic When it comes to collecting coins or paper money, many prefer to go straight to roman coins. These are highly historic collectibles that may actually be worth a good deal of money and many are quite rare. When you consider...... -
Starting a Gold Coin Collection There are a number of different ways that you can buy gold, not only as jewelry or gold bars but also in the form of a gold coin collection as well. Buying into a gold coin collection is a much better option, it is also much simpler and it can......
Related Websites -
Another Gold Investing Update Regular readers will know that I've been investing in gold since gold was in $500/Oz. I advised some readers not to jump in at $720 but wait for a pull-back. Well it pulled back from $720 to around $570 and then jumped up a bit. Today it settled around...... - Understanding Book Values And Pricing How do you know whether you are paying a fair price for a book, buying the book at a bargain, or paying five times as much as you should? The quick answer is that you shouldn't be buying any book for more than $5.00 unless you really know what......
- Melt value If you're into precious metals investing, one good way to get involved is to own bullion (the metal itself) directly. You can buy bars of the stuff, or buy coins with a substantial content of some precious metal, like gold, silver, palladium, or platinum. The more current, more common bullion......
-
The World's Most Expensive Gold Coin China just released a 10 Kilo Gold Coin to commemorate the 2008 Olympics that are currently being held in Beijing. 10 kilos of .9999 Fine gold is a staggering 321 ounces, more than 22 pounds and its more than a half foot in diameter! Not only is it the largest...... -
How To Invest In Gold The first question you're probably asking is whether gold is a good investment to begin with. Take a look at the performance of gold prices over the past 5 years versus the stock market. As you can see, gold is up over 100% while the Dow Jones Industrial Index is......
