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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- MARY GAWAT
People love to collect - from rocks, shells to jewelries and gold coins. Coin collectors appreciate beauty and exquisiteness of an item. It brings joy and pride to complete one set of collection. Two of the main things a good collector looks at are the historic value and monetary price of a collection. With that said, many are hooked in collecting coins because it covers those two aspects.
If you are a seasoned collector, you have probably stumbled on the American Gold Eagle. This is the official gold bullion coin of America. In 1985 it was authorized under the Gold Bullion Coin Act and was initially released by the United States Mint in 1986. Many coin collectors and investors are venturing in the American gold eagle because it is a reliable and trustworthy investment vehicle. If you are planning to purchase this type of coin, here are the things you must know.
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The American Gold Eagle coin is the most popular bullion coin on earth. The main reason for its popularity is that it is the only gold bullion coin, which will give definite as to weight and gold content but the gold in the coin must come from American sources. The US Gold Eagle coin was first minted in 1986 and they are available in four different denominations: 1/10 ounce, 1/4 ounce, 1/2 ounce and 1 ounce of pure gold. The coin is guaranteed to contain the amount stated. The US Gold Eagle is galvanized with a metal alloy of copper and silver, which generate a wear-resistant crust that protects the coin.
Each coin is minted from 22 carat gold. Identifying eagle coins is easy for those who can understand arts, because the work behind this prolific piece of art is so great that one look in the coin will explains everything. The US Gold Eagle value alters with the current market value of the gold content, rather than reflecting the face value of the coin. Originally its face values are $5, $10, $20 and $50 but their actual value is base on the price that the gold is worth at the time. With the current rising price of gold, they are sure to keep rising in value.
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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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