American Gold Eagle Coins – Are They a Good Investment?
American Gold Eagles are IRS-approved bullion coins that are popular among investors because of their lower upfront premium than market value.
When it comes time to sell these coins, their modest additional premium usually makes a return when selling them back. Furthermore, these coins provide both diversification and liquidity benefits to your portfolio.
They are a store of value
Gold is an invaluable store of value, and American Eagle coin offers an easy way to add it to one’s portfolio. This coin is eligible for inclusion in Individual Retirement Accounts (IRAs). Minted by the United States Mint for security of supply and purity assurance of at least 0.95% purity, these coins make for a convenient addition to anyone’s financial arsenal.
American Eagle coins contain not only gold content but also contain small amounts of silver and copper. Their obverse features Augustus Saint-Gaudens’ beautiful Walking Liberty design first used on the $20 Saint Gaudens Double Eagle Gold Piece issued in 1907. Additionally, this side bears 50 stars representing each state around her figure of Liberty.
American Gold Eagle coin buyers pay a premium above the gold spot price to cover production and distribution expenses as well as dealer profit margin. This premium reduces an investor’s immediate investment return; to minimize these costs, buyers should purchase their coins directly from either the mint or from reliable dealers.
They are a tangible asset
American Gold Eagle coins can add tangible wealth to any portfolio, making a solid choice for diversifying investments and holdings in self-directed Individual Retirement Accounts (IRAs). When purchasing American Gold Eagle coins from dealers it is vital to do your due diligence on them as being good investments can vary considerably in quality and price. It’s wise to do your research on which dealers to trust.
Gold Eagles, like other precious metal investments, find their value in the spot price of gold. This price reflects how much money will be received if you sell the coin immediately and is determined by factors including supply and demand as well as macroeconomic influences.
American Gold Eagle coins were authorized by Congress in 1986 and have become one of the most sought-after investments for physical gold bullion investments. Crafted with 22K gold combined with hard alloys to increase durability, their obverse displays Augustus Saint Gaudens’ remarkable Walking Liberty design that first appeared on his $20 “Saint Gaudens” double-eagle piece issued in 1907. Additionally, smaller sizes such as 1/2, 1/4 and 1/10 ounce coins are also available for investment.
They are a collectible
Gold American Eagle coins are popular investments among investors and collectors, due to their beautiful appearance and inherent precious metal content. Furthermore, these coins make an excellent addition to a precious metals IRA; available in varying sizes and denominations and with reasonable premiums over their gold content.
American Eagle gold coins were first authorized by Congress through the Gold Bullion Coin Act of 1985 and have been produced under this program ever since. Since 1986, four different weights – 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 oz – have been produced under this scheme, all designed by Saint-Gaudens’ Double Eagle design and created at US Mint facilities across the nation. For collectors’ purposes proof and burnished versions are also produced at their US Mint facility.
The American Eagle Bullion Coin stands out among American gold bullion coins by not bearing mint marks except on proof and burnished examples, where proof and burnished versions feature proof and burnished coins with West Point (WP) below their date of mintage – making them unique among their counterparts.
They are a good investment
American Gold Eagle coins make for an excellent investment due to their long history, government support, tangible form and liquidity. Furthermore, they’re often included as part of precious metals IRA pension plans.
These coins can be obtained from any number of dealers and bullion companies, and come both as uncirculated (BU) and proof coin formats. It should be remembered, however, that bullion coins should only be used as stores of value; not for actual cash transactions.
American Gold Eagle coins feature Augustus Saint-Gaudens’ stunning Walking Liberty design on one side, and Miley Busiek’s family of bald eagles on the reverse, designed in 1986 by Miley Busiek. While American Gold Eagles may often be sold at a premium to cover production costs and dealer profit margins, this can reduce immediate investment returns and extend breakeven time when selling them; but they remain an effective hedge against volatile markets, diversifying your portfolio with precious metal investments while offering safe haven status when buying an asset like American Gold Eagle would.
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