Buy American Gold Eagle Coins Online
The American Gold Eagle was released for the first time in 1986 by the United States Mint. It is an official US gold bullion coin. Gold eagle coin is available in various denominations like 1 oz, 1/2 oz, 1/4 oz and 1/10 oz. As American gold eagle is official bullion, the presence of the said amount of gold is guaranteed by the US government.
The gold used to prepare these coins is sourced from America as required by the law. In order to give strength to the coin and make it more resistant to wear, it is alloyed with copper and silver. Such alloy is also known as crown gold. The actual gold content in American gold eagle coins is 22 karat or 0.9167. All denominations contain 5.33% copper, 3% silver and 91.67% gold. The content and weight of the coins is assured by the United States Mint.
The selling price of the American Gold Eagle coin is not determined by its face value, but the value of gold content present in it. Apart from 1/4 oz coin, the face values of others are comparative to their weights. Currently, American eagle coins with face values of $50, $25, $10 and $5 are worth $1,650, $650, $430 and $180 respectively. The transaction cost of the coin keeps changing based on gold spot price. A proof version of these coins is also produced by the US mint. These collectors coins carry a ‘W’ (mint’s mark) under the date and are manufactured at West Point Mint in New York.
American Gold Eagle Coin Details
American gold coins feature Lady Liberty inspired by Augustus St. Gauden on the obverse. It is a beautiful full length figure with hair flowing behind. Lady Liberty is featured holding an olive branch in the left hand and a torch in the right. The background features Capitol building on the left. On the reverse of the coin is a design by sculptor Miley Busiek – a nest with hatchlings and a female eagle, and a male eagle flying above it with an olive branch in its claws. Roman numericals were used to date the coins before 1991, but Arabic numbers have been used since 1992. Other than the markings indicating the face value and the weight, the design on coins of all denominations is identical.
American Gold Eagle Coins – A Safe Investment
In today’s volatile economic environment, gold is considered one of the safest investments. Coins are one of the most common ways of purchasing gold. Produced by the United States Mint and backed by the US government, American gold eagle coin is the most secure method of investing in gold. Since 1986, when the coins were released for the first time, American gold coins are known for their quality and reliability. Among gold bullion coins, gold eagle coins are one of the most popular options.
Liquidity is one of the qualities that make these coins the first choice among new and experienced investor alike. Buying and selling American gold eagle coins is extremely easy. The price of gold bullion coin is determined mainly by its fine weight. Depending on the demand and supply, a small premium is added to the cost. Because of their government backing and worldwide recognition, you can easily convert your coins into cash as a majority of dealer will be happy to buy them from you.
Buying American Gold Eagle Coins
You can buy gold eagle coins directly from the United States Mint or from an authorized dealer. Today online purchase is one of the most convenient options. Moreover, online purchase is as safe as physical purchase at a store. But you need to keep a few things in mind when buying gold coins online. It is very important to choose a reputed dealer. Well known dealers often have comprehensive sites offering a lot of information on different coins available at the site to assist potential clients in making the right choice. A dealer who has been around for some time is more dependable than someone who is new. A well established dealer is more likely to withstand the ups and downs of the market.
The dealer should have some credentials that prove the worthiness of the business. Going through testimonials also a good way of assessing the dealer’s reliability. Easy of contact and subject knowledge are also essential. It would be preferable if your dealer offers the option of buying back the gold coins from you in future. The association with a dealer is usually a long term one, which makes it even more important to make the right choice.