December 12, 2018
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.For further details gold ira.
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.
With the financial system going down gradually, investors are looking forward for some safe investments and American gold eagle coins is the best option yet. In times of financial volatility gold is seen as a safe haven, with many investments in stocks and shares you can lose everything, but gold always sustain a value.
One of the US eagle coins is the Double Eagle Coin. The first one issued was minted in 1849. The coin’s design was created by Augustus Saint Gaudens, who was considered to be among the most important and influential western artists. In that year, the mint produced two pieces in proof. The first is kept safe in the Smithsonian Institution in Washington DC. The second was presented to then Treasury Secretary William M. Meredith. On January 22, 2009 the U.S. Mint has authorized its selling price of $1239, by June it had climbed to $1339.
Rare coins have always confined wealth as inflation fighters, particularly in countries whose paper currency has been rigorously damaged. Whenever paper money is in danger, rare coins can protect wealth much like an investment in gold bullion. So loads of People are fond of collecting old and historical coins. Rarity of the coin has a huge affect on rare coin value. There are some rare coins with a value of more than $1,000,000 and there are some common coins with the face value or little value e.g. a rare $10 Eagle gold coin was purchased by a private collector for $5 million dated 1804, this coin was a diplomatic gift for United States President Andrew Jackson on his trade missions to Asia.