American gold coins are almost as old as the United States herself. The first gold coins were minted in 1795 and are as popular today as they were yesteryear. However, the American Gold Eagle gold bullion was not released until 1986 with the approval of the United States congress.
What makes the Gold American Eagle one of the coins that every collection should have and are considered a “precious metals investment”. In addition, only authorized purchasers are able to obtain these beautiful coins who can then disburse the coins accordingly. Each coin is created has a standard finish.
The Gold American Eagle is Monumental
The United States government declares the content, purity and weight of each coin to be exact according to the American Eagle Bullion Program. A guarantee insures the authenticity of each coin. What are the coins features?
The obverse or front of the coin has Lady Liberty striding forward with her right hand holding a lit torch and an olive branch in the other hand. Behind Lady Liberty the rising sun’s rays are stretched out and at her feet is the dome of the United States Capitol. The inscription of “LIBERTY” is above her head while the year of issue and mint origin is noted at her lower left. The back side of the coin shows a male Bald Eagle with an olive branch in its talons flying towards a nest holding his mate and hatchlings.
The American Gold Eagle is offered in four sizes/weights and also different denominations. The most valued is the one ounce Gold Eagle bullion. This particular coin has:
• Face value of $50.00
• Diameter of 1.287 inches (32.7mm)
• Thickness of 0.112 inches (2.87mm)
• Total weight of 1.0909 troy ounces (33.931g)
This amazing coin is also available in fractional values of 1/2 ounce, 1/4 ounce and 1/10 ounce. The total weight of the 1/2 ounce is.5454 troy ounces (16.966g), the total weight of the 1/4 ounce is.2727 troy ounces (8.483g) and the total weight of the 1/10 is.1091 troy ounces (3.393g). Each coin is 22 karat gold (.9167 fine gold) of which is mined in the United States along with a specific composition of silver and copper which increase the coins stability and offers a scratch-resistance feature.
Investing in the Gold American Eagle
The American Eagle will certainly add significant balance and diversification to an investment portfolio. With the front designed by Augustus Saint-Gauden and the reverse by Miley Busiek this is indeed a celebrated coin. A combination of talent from the designers to the mint, this coin is valued on market price of the coins metal content.
This magnificent gold bullion coin can be purchased through major coin and precious metal dealers. The coin can also be purchased from brokerage houses as well as any participating banks. If you would like something other than the basic coin, you can also purchase a collectible proof version which can be obtained directly from the United States mint. The Gold American Eagle bullion coin is your next investment.
Source by Herb Jackson
The Gold American Eagle Coin Is a Must Have for Any Coin Collection
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