How Valuable Are Gold American Eagle Coins?
Gold American Eagle coins have seen unprecedented popularity since 1986 as investors recognize that unlike conventional securities like stocks, bonds, and mutual funds – physical gold cannot be destroyed and therefore has earned itself the status of being an attractive safe-haven asset.
The Gold American Eagle coins available as IRA investments come in four denominations, each coin containing one troy ounce of gold. Furthermore, collector and burnished proof finishes offer higher numismatic premiums.
Value
Gold American Eagles’ value is determined primarily by the current spot price of precious metal they contain. A few additional factors may impact pricing as well, including coinage and distribution costs as well as rarity (proof versions or coins graded by top-tier grading services).
Numismatists prize proof and burnished gold American Eagles as highly collectible items, especially because each features unique elements that attract collectors such as an all-caps “Liberty”, mintage date displayed within sun rays and raised design features.
Gold American Eagles are not only valuable collectibles; they’re also an excellent investment option. Their track record proves their resilience during challenging economic conditions. You can even keep some in a self-directed individual retirement account to add diversification and security. Their obverse side features a female eagle nurturing her hatchlings, while her counterpart soars above them clutching an olive branch as an emblematic sign of peace – depicted on its reverse.
Liquidity
Gold American Eagle coins make for an easy addition to many investment portfolios due to their liquidity. Investors can quickly sell them for cash or exchange them for other bullion products such as gold bars.
Gold American Eagles come in various sizes including one-tenth, one-half and full-one-ounce pieces and contain at least 0.9167 percent gold by weight. Proof and burnished varieties are available to meet the demand from collectors.
Although they are legal tender at their engraved face value, the real value of gold American Eagles lies with their commodity market price in commodity exchanges such as COMEX. Gold Eagles carry a small premium covering mintage costs and distribution charges as well as costs associated with minting/distribution/other costs associated with coin production; these premiums are significantly lower than similar investments such as Krugerrand coins.
Appearance
The Gold American Eagle coin has become one of the most renowned coins worldwide. Boasting beautiful designs on both sides and composed from copper-silver alloy for strength and durability, each coin is guaranteed by U.S. law for weight and purity while its value fluctuates depending on gold’s market price.
Augustus Saint-Gaudens designed the obverse side of this coin to depict Lady Liberty holding an olive branch and torch while the reverse features an image of family of bald eagles nesting. 2021 marks 35 years of this series and will mark its transition into Miley Busiek’s profile design for their 50th Anniversary Issue Coin Series.
Numismatic versions of this coin are highly sought after among collectors, often fetching higher premiums compared to its bullion equivalent. Coins minted in rare years or in exceptional condition may even earn the CAC (Certified Acceptance Corp) seal, widely considered the highest grade possible for gold coins.
Weight
The US Mint guarantees the weight and purity of each Gold American Eagle coin it mints; thus ensuring their metal content and purity. Each coin features a millesimal fineness of 0.9167 or 24 Karat purity.
Gold American Eagle coins are valued based on their gold metal content plus a small premium to cover coinage and distribution costs. Collector-grade versions (known as proof coins) may add additional value due to certification by NGC or PCGS as proof coins may possess additional grade quality ratings that add significant resale potential.
The coin features a modified version of Augustus Saint-Gaudens’ classic Double Eagle design found on $20 US gold coins from 1907-1933, while its reverse features an image of a male bald eagle flying above a nest containing female and two hatchling eagles – symbolizing strength in families as they continue their lives together with two hatchlings beneath him – all underpinned with US Mint marks to indicate its location of production.
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