What Are Gold Eagle Coins?
American Eagle gold bullion coins are manufactured by the United States Mint after being sanctioned in 1985 by Congress.. They are backed by the U.S. Government and have a face value of fifty dollars. The price they are sold by the Mint will vary as it is related to the prevailing market value of gold. The Mint adds a small fee to cover it’s costs. In the marketplace, coin dealers might sell them at prices below or above the gold price.
About The Design Of The American Eagle Gold Bullion coins
The image of Lady Liberty was selected to be on the obverse side of the coins was a design by Augustus Saint-Gaudens first minted in another gold coin issued in 1907. Liberty carries an olive branch and a torch. An eagles nest is on the other side. The coins can be purchased in the one ounce variety or certain fractions of an ounce.
The Mint Sells Uncirculated Coin Editions For Numistatists.As Well
The Proof coins are available in denominations of one ounce and in three variations of an ounce. They are also available in a set with one bullion coin of each variation.The uncirculated coins are only minted in the one troy ounce weight. Both types require a precise manufacturing method that is more labor intensive. Each coin is mounted and sealed in a case after inspection. Both types come with a Certificate Of Authenticity. Both coin types have a preset price, are limited by amount available and may be bought straight from the Mint.
Reasons For The Developing Interest In Gold As An Investment
Folk are turning to gold for a number of reasons. There are concerns about the slide in the dollar’s value, the strength of banks; the potential for inflation due to what is called quantitative easing by governments to name a few. Whatever the reason, demand has been too heavy for the Mint to keep up with enough supply to match.
Numistatists Should Be Aware Of The Difference Between The American Buffalo Gold Coin And The American Eagle Gold Coin
The American Eagle dominated the gold bullion coin market when it was launched. As estimated by a Mint executive, 60% of the global gold coin market is dominated by 24 carat gold bullion coins, with 22 carat coins making up the rest. Because the world gold bullion coin market being tilted in favor of 24 carat bullion coins, and as The United States had nothing to offer this market, Congress sanctioned the creation of the 24 carat American Buffalo coins. These were added to the 22 carat coins in the Mint’s stable of precious metal bullion coin offerings in 2005. These were eventually made available to the market in 2006. Even though gold coins have not circulated since 1933, features favorable to circulation have been reflected in the metal constitution of gold coins minted by the Mint.
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