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.
Photo Credits: kevindooley
Originally posted 2008-10-16 05:00:50. Republished by Blog Post Promoter
Related Posts -
The Art of Coin Collecting: 5 Things to Look For Coin collecting is nothing short of an art form, a collection style that mixes the beauty and grace of cast metal and printed paper with a strong sense of history. Coin collecting is like no other collection in the word, full of unique characteristics that drive the coin collecting market....... -
Canadian Coins Coins and Paper Money -> Coins: Canada -> Commemorative Whether you are from Canada, or just interested in collecting Canadian coins, there are plenty of options out there and many of these coins are actually quite valuable. Before you get started with your collection, it’s a good idea to know...... -
Starting a Coin Collection for Cheap A coin collection can be a fun and interesting hobby for individuals of all ages. What many fail to realize is that this type of collection can be a great hobby for people of all income levels and financial backgrounds. You do not need to have a lot of money...... -
The Best Story in Rare Coin Collecting There are many reasons why a coin will become rare and collectible. It may be that it was a commemorative coin which was intended to be rare and instantly collectible. It can also be because the coin was taken out of circulation or was not authorized for striking by the...... -
How to Get Started With an American Coin Collection There are many different kinds of coins you can collect out there. Among the most popular to collect is the American coin. This is because to date the American coin collector is one of the preeminent collectors in the industry. Other countries like Australia and Canada are starting to grow......
Related Websites -
Harley Davidson Collectibles Collectibles -> Transportation -> Motorcycles-> Harley Davidson The Harley Davidson motorcycle has become an integral part of Americana and the pop culture of this country. Once the favorite bike of outlaws and renegades, Harley Davidson collectibles have gone mainstream and they are more popular than ever. There are literally hundreds...... -
5 Things to Know When You Collect Coins Those who collect coins are a part of a huge legion of people who create some of the most astounding collections. Whether it be through rare coins or major coins with value, these collections bring together currencies from all over the world. If you are someone who is looking to...... -
3 Great Tips for Respectable Coin Grading Getting your coin graded is one of the most important things you can do so that you will be able to accurately discover what your coin collection is worth. This is especially important if you have any designs on being able to sell off part or all of your collection...... -
How to Pass Down Your Coin Collection While you may have a close connection with your own coin collection, you may want to think about passing that collection down to a younger generation. This is a great way for you to connect with someone young in your family and is a great way to leave a legacy...... -
Coin Collecting in Antique Stores When people think of coin collecting and where they are going to purchase the coins that they want for that collection, they fail to think about antique stores. While some antique stores are not going to carry coins, others love the history of the older coins and want them in......
- Real Nugget Gold Bullion Coins & Paper Money
- Olive Seeds Bonsai Plants, Seeds & Bulbs Gardening & Plants Yard, Garden & Outdoor Living Nursery
- 1982 Flint Michigan Golden Boxing Gloves Boxing Exercise & Fitness
- Real Seeds Bonsai Plants, Seeds & Bulbs Gardening & Plants Yard, Garden & Outdoor Living
- Mac Design Publications & Software Gardening & Plants Yard, Garden & Outdoor Living
