With the economic crisis looming over America and the other part of the globe, many people invest their hard earned money in the stock market. With the several investment options that can be done, some people put in their money in precious metals. Some opt to invest in rare coins like the gold coins or silver coins.
Selling and buying rare coins such as the US coins, Mexican coins or Canadian coins is the wisest decision one can ever make. However, among these coins, the American Eagle gold coins are the most popular. Being the only coin recognized by the US government for its purity, surely this is easy to buy and sell. Aside from the recognition given by the country, gold eagle coin exemplifies the values that Americans believe dearly. The Lady Liberty holding the olive branch and carrying the torch shows knowledge and freedom, while the eagle plunging towards its nest with the hatchling illustrates the love for family. In short, these rare coins bear all the characteristics that gold coin investors and collectors look for; liquid, nearly pure gold content and creative design.
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The $2.50 Gold Quarter Eagle coin should be a part of your collection, if it isn't already. Many people, especially in the United States, collect coins as a hobby, and a way to build a substantial investment in their future. There is no better way to secure your future than buying gold!
Gold coins and bullion are some of the very best purchases you can make. While most other markets decline, gold either holds it value or increases as time goes buy. The more you add to your collection, especially of older coins, the more it will be worth now and in the future. Many people invest in gold coins strictly for the purpose of having a secure financial future or money for retirement.
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American Eagle bullion coins are short in supply, but investors jumping to own them due to a recent sharp retreat in gold prices.
"Due to the unprecedented demand for American Eagle gold one-ounce bullion coins, our inventories have been depleted. We are therefore temporarily suspending all sales of these coins," the U.S. Mint told authorized coin dealers in a memorandum dated on Friday.
"We are working diligently to build up our inventory and hope to resume sales shortly," the Mint said.
Coin dealers from the United States to Canada reported a surge in buying of bullion coins and other gold products since prices plummeted from highs last month. The buying spree contributed to supply fears and helped boost gold prices sharply on Thursday.
The move by the U.S. Mint to halt sales caught market participants by surprise as it came at a time when the metal was sharply falling, rather than rising.
Produced from gold mined in the United States, the American Eagles have been novel items among collectors and investors since their introduction in 1986. Each coin has a face value of $50 but it is sold by authorized dealers at a premium to the price of gold.
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The renowned American Eagle Coins, also known as the American Eagle Bullion Coins, have been issued basically for collectors. That means they cannot be sold for commercial purposes. For a bank or brokerage firm to be able to even sell one of these spectacular rare coins, it must first get approval from the United States Mint or any other establishment.
They were basically designed to add value to an investor's portfolio and physical amounts of gold, silver, and platinum into their investments. These beautiful rare coins are of the highest quality and are the best selling investment in America. With America's constant fluctuating economy, they have become a solid investment, and since their issue date in 1986 their popularity has flourished.
President Franklin D. Roosevelt signed the "Gold Confiscation Act" in 1933, which made it illegal to own gold, thus putting an end to all circulation and private possession of any United States gold. However, during the presidency of President Richard Nixon, which was in the early 1970's, the right to own gold was finally restored. In 1986, the Gold American Eagle program was authorized by President Ronald Reagan, which once again began the process of minting non-commemorative gold coins for collectors.
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If you are planning on buying American Eagle Gold Coins to invest, or are just a coin collector, it is important to know what it is you are buying.
The following in a listing of the size, content, weight and U.S. Government backing, and all gold proof coins available. This information is accurate, as the source is the United States Mint, who creates the coins.
All American Eagle Gold Proof Coins are legal-tender and contain 91.67% (22 kt) gold. The difference from the 91.67% to 100% relate to the additional alloys needed to harden the coin. Gold alone is too soft.
Coins are available in one ounce, half-ounce, one-quarter ounce, and one-tenth ounce. Each coin denomination will affect the size, and weight of the gold coins.
* The one ounce coin carries a $50 face value, is 1.287 inches in diameter, contains one gold troy ounce and weighs 1.0909 troy ounces.
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The existence of the American Eagle Coin can actually be traced all the way back to the great California Gold Rush of 1848 and the discovery of gold at the still famous Sutter's Mill.
A large majority of the gold from Sutter's Mill ultimately found its way to the United States Mint in Philadelphia, where it was issued into larger denominations instead of the traditional $10 gold pieces. Congress authorized the issue of the $20 gold coins in February of 1849, which were designed by an extremely creative James Barton Longacre.
The first of two trial patterns was struck on March 12, 1850, but it still carries the date of 1849. Originally there were two patterns designed, but the second pattern has never been found. They have been given the nickname of "double eagles" due to the fact that $10 coin is called an "eagle" and were issued between the years of 1850 and 1907.
President Theodore Roosevelt together with sculptor Augustus Saint-Gaudens joined efforts to redesign the $10 and $20 "eagles" by bringing some ancient Greek beauty to the coins. On December 22, 1907 the work on the new $20 "double eagle" began featuring an advanced figure of "Lady Liberty" on the obverse and a flying bald eagle on the reverse. The new design required a much longer striking process so that there were few of released in December of 1907. Soon new dies were created to increase the circulation of these amazing coins from 1907 to 1933.
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