Are Gold American Eagle Coins Worth Anything?
Gold American Eagle coins are an increasingly popular way for investors and collectors alike to acquire precious metals. Available in various sizes, the 1 oz coin features an exquisite design inspired by Augustus Saint-Gaudens’ $20 Saint-Gaudens double eagle coins from 1907.
These bullion coins carry legal tender face values of $50 for 1-ounce coins; $25 for 1/2 oz coins; $10 for 1/4 oz and $5 for 1/10 oz coins – however their true worth lies in the gold content and premiums they contain.
What is the value of a gold eagle coin?
Gold Eagle coins are valued based on both current market price of gold, and their actual gold content. The United States Mint adds a small premium for coinage, distribution and sale costs associated with making this type of coinage.
American Eagle coins are highly sought-after among precious metal investors across the world and serve as an excellent way to diversify your investment portfolio with physical gold bullion.
Gold Eagles are produced in 1 oz, 1/2 oz and 1/4 oz denominations with face values ranging from $5, $10, $25 or $50 US Dollars and are authorized and backed by Congress and the United States Mint. Their production complies with The Gold Bullion Coin Act of 1985 which mandates their weight is stated in troy ounces; and all gold used is from within the United States combined with silver and copper alloyings to increase wear resistance.
How do I know if I have a gold eagle coin?
This coin’s iconic design and gold bullion content make it one of the world’s most recognizably government-minted coins, prompting high demand and value retention – and why many investors opt to add it to their precious metals IRA portfolios.
The 1 oz American Eagle coin is made from gold mined in America and produced at the United States Mint in West Point, New York. The design of its obverse was inspired by Augustus Saint-Gaudens’ classic $20 double eagle gold coin; while its reverse depicts an adult male bald eagle carrying both torch and olive branch in flight.
The Gold American Eagle comes in both bullion and proof versions, the only difference between which being their mint mark: proof coins feature a “W” while bullion coins do not bear one. Proof coins are limited editions with special finishes that make them even more collectible; PCGS often grades them SP-70 or near perfect SP-69 depending on how rare or valuable they are deemed to be.
Where can I sell my gold eagle coin?
Your gold eagle coin should be sold to a reliable bullion dealer that pays you according to its day’s spot price. Before selling, make sure that you understand its markings and purity; an excellent resource is the Guide Book of US Coins 2023.
Gold American Eagle coins are widely traded in the bullion market based on their weight and gold content, acting as legal tender with a face value of $50 and being backed by the full faith and credit of the U.S. government. Since 2008’s financial crisis, these official U.S. coins have seen record safe-haven purchases by investors looking for diversifying portfolios away from paper assets through Self-Directed Individual Retirement Accounts (IRAs).
The Gold American Eagle coin is an increasingly popular modern gold bullion coin. Featuring the image of a Bald Eagle on its reverse side and featuring United States of America, In God We Trust, E Pluribus Unum and weight and face value inscriptions on each side of its coins’s weight and face values inscriptions, it has quickly become a global favorite.
How do I know if I have a fake gold eagle coin?
An American Gold Eagle coin can be easily identified using various techniques, but one sure way is using calipers to check its diameter and thickness. Since U.S. Mint strikes its coins to specific specifications, any coin not fitting those parameters likely represents counterfeit. Another way is checking its documentation and packaging: real American Eagle coins should only be sold through authorized dealers and come packaged in protective plastic capsules mounted into velvet cases for transport and sale.
The American Gold Eagle features a re-design of Augustus Saint-Gaudens’ work that graced $20 U.S. gold coins from 1907 to 1933, while its reverse depicts a male Bald Eagle carrying an olive branch in its talons as it approaches a female Bald Eagle and her young. As this 1-oz coin is among the world’s best-selling bullion coins, its premium over spot prices is typically an advantage when selling.
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