Buying American Gold Eagle Coins
For collectors and others who choose to invest in gold, the American Gold Eagle coin is a great way to add value to your portfolio. First released back in the 1980s, it's the official gold bullion coin. There are four different coins that are offered, the one tenth ounce, one quarter ounce, half ounce, and the one ounce coins. Each has a different amount of gold weight and is offered to the public for purchase.
There are four different troy ounces that are offered in these beautiful Gold Eagle coins, ranging from 1/10 ounce up to one full ounce of pure gold. Something you may not know about these coins is that the gold that is used to mint them is required to have been mined here in the good old United States of America.
The reverse side that displays the American Gold Eagle shows a male bird flying while holding an olive branch. He is flying over a nest containing a female Gold Eagle with her hatchlings. The design was created by Miley Busiek. On the opposite side of the coin is a design by Augustus Saint-Gaudens', showing Lady Liberty. The picture is has Lady Liberty holding an olive branch in one hand while in the other is a torch.
The value of these American Gold Eagle coins is not based on the face value that is listed on the different troy ounces that are available, but on what the gold content is in each coin. Recent values of the coins were as follows: A five dollar coin was worth one hundred and thirty dollars. The next coin, which shows a face value of ten dollars was worth two hundred and seventy-five dollars. The twenty-five dollar face value coin was worth five hundred and fifty dollars, and the last coin available, with a face value of $50, would be worth one thousand dollars.
The market will determine the price that you could hope to get from the sale of these coins, depending on the spot price of gold. Almost all of these types of coins will be produced in New York at the West Point Mint. These American Gold Eagle coins contain a mixture of 91.67% gold, 5.33% copper, and 3% silver.
Sizes of the different coins are as follows: the one tenth troy ounce coin comes in 16. 50 mm diameter, weighs 3. 393 grams, and is 1. 19 mm thick. A quarter troy ounce coin will be 1. 83 mm thick, measure 22 mm in diameter, and weigh 8. 483 grams. Moving up to the half troy ounce, this coin will weigh 16. 965 grams, be 27 mm in diameter, and 2. 24 mm thick. And finally, the one troy ounce American Gold Eagle coin will be 32. 70 mm in diameter, weight 33. 93 grams, and be 2. 87 mm thick.
Investing in highly-regarded American Gold Eagle Coins are a great idea if you are considering adding physical gold to your portfolio. Also, you can always pass them down to your kids as they get older as a consideration to future generations.
About the Author: James Stevenson
James writes about investing in American Gold Eagle coins, and collecting proof Gold Eagles
Comments (0) 05.10.2009. 18:44