American Gold Coins - What Investors Should Consider
In the past, everyone used gold coins. Now, they are more a form of investment. The most common investing coins are 'bullion gold coins.' The price of these gold coins changes every day, just like the stock market. Every country has a different gold coin, but the price of gold across the globe is connected. The United States uses a gold bullion coin called the 'American Eagle'.
American Eagle Gold Coins are popular gold bullion coins minted in the U.S. The gold contained within the coins is legally required to come entirely from US sources. The American Gold Eagle coin was introduced in 1986, during a period when South African gold was banned from import to protest apartheid, and its popularity quickly soared as it met the high demand for gold under the boycott.
American Eagle Coins come in 1 oz., 1/4 oz., 1/10 oz., and 1/2 oz. denominations and they're 22 carat gold, or 91.67% pure gold. The coin denomination denotes the coin's gold content, with additional metals added to the weight of that gold. Unlike the Kruggerands of South Africa which have a copper alloy, American Eagles have a silver and copper alloy which gives them a lighter yellow tone as opposed to the Kruggerands' deep orange.
On one side of the coin is a depiction of Lady Liberty holding her torch. On the other side is an image of a male eagle flying above a female eagle and their offspring. The male eagle symbolizes the United States' great power and resolve to defend itself and its people, but in the male eagle's grasp we also see an olive branch, symbolizing America's quest for peace while maintaining its strength. The design of the various denominations is the same, aside from the listed gold content.
American gold coins are marked with a face value. 1 oz coins are marked as $50 coins, 1/2 oz coins are marked as $25 coins, 1/4 oz coins are marked as $10 coins, and 1/10 oz coins are marked as $5 coins. But in reality these face values are symbolic values to reflect the coins status as legal tender. Their true value resembles the market value of their gold content, plus a certain premium. Indeed, an American Eagle US gold coin labeled $50 values around $900 at the moment!
American gold coins are the most popular gold coin in the world. They are beautifully designed and carry powerful symbolism, and make and add to any coin collection. With their weight and content being backed by the US mint, there will be no dispute over the amount of invested money. Every serious gold investor invests in American Eagles!
Learn more about American gold coins at the net's premiere site covering everything related to U.S. gold coins, US-Gold-Coins.org. Whether you're interest is investing or building a collection, it's covered in our FAQ's, gold-related videos, and of course, our US Gold Coins Blog covering the latest news on U.S. gold coins!
Published December 29th, 2008
Filed in Investment
