Gold Eagle Coin Investing And Collecting
In 1985, the United States Congress authorized the gold eagle coin. The first output from the mint for the coins came in 1986. There are several sizes of coins, each containing a precise amount of gold. There are . 1 troy ounce coins, . 25 troy ounce coins, . 5 troy ounce coins and 1 troy ounce coins. Original standards for the United States bullion coins were set over 350 years ago and continue to be in operation today.
The U. S. Government guarantees the weight of the coins as defined above. The purity of the coins is precise and the content is gold, with alloys of silver and copper. The United States Mint in West Point, New York produces the coins in amounts that are tied to the demand. Government backing in the United States is solely limited to these gold bullion coins. Around the globe, this backing means the coins are recognized for their value as well as their beauty of design.
On one side of the gold coin, the figure of Liberty appears. It is a full length depiction in precise detail. The robes appear to move and her hair flows to one side as if lifted by a breeze. Her upraised arm on the right holds a torch and an olive branch is grasped in the left hand. The U. S. Capitol building appears in the background on her left side. This Liberty design is the same as that created for an earlier coin designed by Augustus Saint-Gaudens.
The eagle family on the reverse of the coin is what gives the coins their name. A male eagle carrying an olive branch is depicted flying toward a nest on which is a female eagle and babies. Miley Busiek is the designer of this face. Gold content of each coin is set by government standards at . 9167 or 22 karat level. The remaining alloy is made of copper and silver, rendering the coins less susceptible to scratches and wear.
Face value of the four gold coins are set at $100, $25, $10 and $5. The coins are legal for tender, although only rarely is one exchanged for goods or services. Investors purchase Eagles from coin dealers or directly from the U. S. Mint as they are available. Prices for coins depend upon the day-to-day price of gold and the condition of coins. Gold investments are less costly than some other types of investments. Portfolios that include gold are more diversified and attractive than other types. Increasing value of gold makes it a good investment for small amounts.
Proof coins are produced for collectors. The volume is limited, so that extreme precision is guaranteed on each and every coin. The dies are polished frequently so that only a maximum of ten coins are produced between sand-blasting of the dies. Each coin is hand-fed into the press where it is struck twice. Handling of coins is by gloved hands or tongs.
A plastic capsule encloses each proof set. The sleeve is set in a velvet-lined presentation case. It is delivered with a certificate of authenticity.
An American gold eagle coin makes a popular investment device. Because the coin's value continues to increase and they are easily obtained and stored, investors choose coins rather than real estate, stocks or financial derivatives. The beauty of the design adds to the appeal.
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EAGLE ROLLER MILL GOLD COIN AD COVER SCARCE VF |  |
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US $249.00 | 25m |
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Saint Gaudens 1908 No Motto Double Eagle Gold Coin BU | |
4 Bids | US $1,428.92 | 35m |
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1911 Indian Head $250 Quarter Eagle Gold Coin Uncert | |
1 Bid | US $199.95 | 36m |
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1911$10 Gold Coins Indian Head Eagle | |
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US $699.99 | 54m |
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1 2006 US $5 American Gold Eagle Coin Bullion | |
9 Bids | US $147.50 | 1h 1m |
