Gold American Eagle coin is a popular choice among collectors and investors, and for a good reason. First minted in 1986, these coins are made of 22-karat gold and are issued by the United States Mint. This essay will provide a complete guide on how and where to buy gold American Eagle coins, including the different grades and sizes available.
Gold American Eagle coins are available in four distinct weights: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. Each coin features the iconic “Walking Liberty” design on the front, an image of a bald eagle, and a shield on the back. Adolph A. Weinman designed the coin’s obverse, and Miley Busiek designed the reverse.
Gold American Eagle coin is an official legal tender in the United States. Investments in Gold American Eagle coins have the advantage of being approved as “collectibles” by the Internal Revenue Service (IRS), which makes them a desirable choice for those wishing to diversify their investments.
Being readily accessible and simple to acquire and trade is another advantage of these currencies. Additionally, they are accessible to store and transport and hold their value well over time.
Collectors and investors can also buy Gold American Eagle coins in “sets” or
“set,” which includes all four different coin sizes. These sets are a superb way to possess all four coin weights and make excellent investments since the set’s worth is higher than the total value of the four coins.
History
Gold American Eagle coin symbolizes American history, tradition, and pride. These coins were first minted in 1986 by the United States Mint and have been a staple of the American coin market ever since. They are made of 91.67% gold, 3% silver, and 5.33% copper and are available in four different sizes: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.
Gold American Eagle coin’s roots can be found in the early 20th century. 1900 Gold Standard Act established the gold standard for the American currency and authorized the creation of gold coins for circulation. However, the United States did not mint any gold coins for circulation after 1933 due to the Great Depression and the government’s efforts to stabilize the economy by removing gold from circulation.
In 1981, the Reagan Administration introduced the Gold American Eagle coin concept. The goal was to create a new gold coin symbolizing American heritage and an investment vehicle. The coin’s design was particularly impressed by the classic “Walking Liberty” motif that appeared on half-dollar coins between 1916 to 1947. Adolph A. Weinman, a renowned American sculptor and engraver created this design.
The coin’s obverse features the iconic “Walking Liberty” design showing Liberty as an entire figure, her hair flying in the breeze. She carries a candle and an olive branch representing the country’s aspirations for enlightenment and peace.
A male eagle soaring toward a nest with a mother eagle and eaglets while clutching an olive branch appears on the coin’s reverse, which Miley Busiek sculpted. The design represents the family values and traditions of the United States.
Gold American Eagle coin was first struck in 1986 and has since been made annually. Gold American Eagle coin is widely accepted by the public and has become a popular choice among collectors and investors. In addition, the coin’s unique composition gives it a durable and long-lasting finish, making it a great investment option.
The coin’s design is heavily influenced by the iconic “Walking Liberty” design, symbolizing the nation’s desire for peace and enlightenment. The coin’s reverse also represents the family values and traditions of the United States.
Fractional Gold American Eagle Coins – sizes and values
Fractional Gold American Eagle coins are smaller denominations, which comprise the following sizes:
In 1986, fractional gold American Eagle coins were released, accompanying the more significant 1 oz coin.
Why are Fractional Gold American Eagle coins well-liked by investors and coin collectors?
- One of the key benefits is that these coins are more reasonably priced than the more significant 1-ounce coin, making them available to a broader spectrum of purchasers.
- They also offer more flexibility when diversifying your investment portfolio, allowing you to invest in smaller amounts of gold without buying a 1 oz coin.
- Another advantage of fractional Gold American Eagle coins is that they are more portable and more accessible to store than larger coins.
Features of Gold American Eagle Coin
Gold American Eagle coin is a popular choice among collectors and investors and is known for its unique features and characteristics. The following are a few features of this coin:
- Composition: Gold American Eagle coin is made of 91.67% gold, 3% silver, and 5.33% copper; hence it is 22 karat. This unique composition gives the coin a durable and long-lasting finish, making it a great investment option.
- Design: Gold American Eagle coin features the iconic “Walking Liberty” design on the front, an image of a bald eagle, and a shield on the back
- Legal Tender: These coins are considered legal tender in the United States, meaning it is recognized as a valid form of payment for debts and taxes. The face value of the coin is determined by its weight, with the 1 oz coin having a face value of $50, the 1/2 oz coin having a face value of $25, the 1/4 oz coin having a face value of $10, and the 1/10 oz coin having a face value of $5. However, the intrinsic value of the gold in the coin is typically much higher than the face value, making it an attractive option for collectors and investors.
The United States Mint is the exclusive manufacturer of these coins, which are guaranteed by the full faith and authority of the United States government.
- Tax Benefits: Gold American Eagle coin is recognized and accepted by the Internal Revenue Service (IRS) as a “collectible” and is, therefore, subject to a lower long-term capital gains tax making it an attractive option for investors looking to diversify their portfolios.
- Widely available and easy to buy and sell: Gold American Eagle coins can be purchased from many platforms physically or online. They also take up little space, are portable, and retain their worth over time.
- Sizes: Gold American Eagle coin is available in four sizes, from 1 oz to 1/10 oz. These sizes allow collectors and investors to own all four sizes of the coin and make an excellent investment, as the value of the set is more than the combined value of all four coins.
- Certification: Coins certified by the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS) are considered more valuable as they have been authenticated and graded, giving an idea of the coin’s condition and overall quality.
- Packaging: These coins are often sold in tubes or monster boxes and tend to have a matte finish with little or no visual appeal.
Types of American Gold Eagle Coins
- Brilliant Uncirculated American Gold Eagle coins are typically produced for investors and sold based on the current market price of gold. They are also minted in large quantities but are considered higher quality than bullion coins and are often sold in individual plastic flips, capsules, or even in velvet pouches.
- Proof American Gold Eagle coins are often sold at a premium above the current market price of gold. They are minted in limited quantities and known for their exceptional quality and visual appeal. They are struck multiple times using specially polished dies, creating a highly detailed finish. They are often sold in protective capsules or display cases.
How are American Eagle Coins produced?
The production and minting of American Eagle gold coins involve advanced technology, skilled craftsmanship, and strict quality control measures.
The first step in the production process is sourcing gold, silver, and copper. The United States Mint sources the gold from authorized gold bullion depositories, silver is obtained from government stockpiles, and copper is obtained from the U.S. Mint’s copper supplies.
Once the metals are sourced, they are melted and alloyed together in the correct proportions to create the unique composition of 91.67% gold, 3% silver, and 5.33% copper. This mixture is then poured into large ingots and sent to the U.S. Mint’s coining presses.
Next, the ingots are fed into the coining presses, where they are struck under
immense pressure to create the coin blanks. This process makes the coin’s shape, size, and thickness. The blanks are then cleaned and inspected for defects before they are sent to the next step.
The next step is the actual minting of the coin, which is done using a process called “dies”. Dies are specially designed and engraved metal tools used to impress the design on the coin blanks. For example, the obverse die is used to impress the “Walking Liberty” design, and the reverse die is used to impress the image of the bald eagle and the shield. The dies are made from hardened steel and can last for hundreds of thousands of strikes before they need to be replaced.
After using the dies to impress the designs on the coin blanks, the coins are cleaned and inspected to ensure they meet the U.S. Mint’s strict quality standards. The coins that pass inspection are then packaged and shipped to authorized distributors, where they are made available for purchase by collectors and investors.
In addition to the standard production process, the U.S. Mint also produces a limited
number of “proof” American Eagle gold coins each year. Minting these coins uses a different method that involves a higher level of polishing and a higher level of detail in the design, resulting in higher quality and more valuable coins.
How and where to buy American Gold Eagle Coins
Some of the most well-liked locations to buy American Gold Eagle coins are as follows:
- United States Mint: The United States Mint is the official American Gold Eagle coins producer and is one of the most reliable sources to buy them. The mint offers many options for buying coins online, by phone, or in person at one of their facilities. They also offer a subscription program for those who want to purchase the coins regularly.
- Precious metal dealers: Precious metal dealers are another common source for buying American Gold Eagle coins. Many precious metal retailers provide their clients with the choice of storage and shipment.
- Online platforms: Many online platforms allow you to buy American Gold Eagle coins. These platforms, like BOLD, often have a great selection of coins available and can offer competitive prices. Some online companies also provide storage and transportation options for their customers.
- Auctions: Auctions are another way of buying American Gold Eagle coins. However, it is crucial to be cautious when buying from auctions, as there is a higher risk of purchasing a counterfeit coin. Therefore, buying from a reputable auction house or a third-party grading service is advisable to ensure the coin’s authenticity.
Why buy from BOLD Precious Metals?
BOLD Precious Metals is a reputable precious metals dealer that offers American Gold Eagle Coins for purchase. We offer a wide range of options for buying coins and offer competitive prices, making them an attractive option for investors.
BOLD also offers fast and secure shipping, insured shipping, and storage and transportation options, making the buying process convenient and safe.
We have a team of experts to answer your questions and assist with your purchase, ensuring a positive buying experience. So feel free to connect with us!
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