American Eagle Gold Coin
By Paul Abbey
The American Gold Eagle Coin was initially released back in 1986 by the US Mint and is its official gold bullion coin. Today if a person wishes to purchase such a coin they have a choice of a number of different weights (denominations) that it comes in and these are as follows:-
1. Tenth of an Ounce
2. Quarter of an Ounce
3. Half of an Ounce
4. One Ounce
Every single coin that is produced no matter which denomination it is is guaranteed to be made from pure gold and must by law come from sources within the USA. But as well as containing the gold the coins will also have an alloy of silver and copper which makes them more resistant to wear. At all times the Gold Eagle coins that are produced are not only backed by the United States Mint in relation to how much they weigh and what they contain, but original ones will need to have been authorized for production by Congress.
As for the actual market value of each coin that has been produced this will be dependent on the quantity of gold contained within them. In January of 2006 the value of the various different coins a person could purchase were as follows:-
Face Value Market Value
$5.00 $75.00
$10.00 $150.00
$25.00 $300.00
$50.00 $600.00
But the price that these coins will actually sell at will generally depend on what the spot price of gold is at the time the person chooses to sell theirs. So in recent months you may find that the price you could be offered for your American Gold Eagle Coin is somewhat less than the figures we have mentioned above.
However although the official American Gold Eagle Coin was introduced and released in 1986 a $10 one which dates back to 1804 and called the Eagle Coin was sold to a private collector for $5 million. This particular coin was actually made for the president of the USA at the time Andrew Jackson as a diplomatic gift, but can not really be classified as an American Gold Eagle Coin.
P Abbey owns and operates http://www.goldcoinfacts.com/americangoldeaglecoin.html American Gold Eagle Coin Article Source: http://EzineArticles.com/?expert=Paul_Abbey Why merican Gold Eagle Coins Are Good Investments Why American Gold Eagle Coins are a prime choice Basically, American Gold Eagle Coins are highly priced in the gold market because of its purity and content. As bullion coins are priced according to their values in terms of their content of a particular precious metal, American Gold Eagle Coins are not purchased or sold according to their face values. Instead, their content and weight is taken into consideration. American Gold Eagle coins come in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz. These have face values of $5, $10, $25, and $50 respectively. Note that the gold content of the bullion gold coins of America comes only from gold that were mined in the United States. Basically, the process of coin making entails the minting of the coins using 24-karat gold, small amounts of alloy and other metals. Such precious metal mixture ensures that the coins are highly durable and protected from scratching and marring. As such, the tedious bullion gold coin-making process produces a high quality 22-karat overall gold composition. Therefore, an ounce of American Gold Eagle coin actually contains a 91.67% purity of gold. Because of its notable quality, the value of American Gold Eagle Coins are considered to be far more stable than the price of currencies, stocks, and other forms of volatile investments. In addition to such, these gold coins are far much easier to trade than other investments. In times when the investors may need liquid cash, they can easily sell their American Gold Eagle Coins regardless of wherever they are around the globe. In addition to the fact that these coins are of premium quality, any investor will consider a gold coin purchase as a secure and safe investment since the U.S. government provides proofs and guarantees for the actual weight, content and purity of the coins. It is also for the very same reason why such coins are considered to be among the most sought for bullion coins in the gold market.
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