United Gold Eagle Coins: For Collection and Investment
A bunch of reasons has been the drive of many to buy coins. Being able to purchase coins that are on top of the list is surely a pleasure to gold collectors. These are the people who put their money on collecting rare coins dating back to the 17th or 18th century, with all its precious history and markings for special occasions. Another driving force is investment purposes. Coins, especially the gold ones, are very expensive and the value, unlike real estate, will not be depreciated by economic threats.
The US Mint produces the coins for the United States in large quantities. It has six facilities in operation, spread all over America. The United gold eagle is the official bullion coin of the USA. Under the Gold Bullion Coin Act of 1985, the coin was legalized and was released in 1986 by the US Mint. Since then, over 13 million of the one-ounce coins have been minted and went into circulation. Gold Eagles minted from 1986 to 1991 use Roman numerals, but in 1992, Arabic numbers were used in the minted dates.
There are variations to the Gold Eagles when it comes to its weight. Aside from the 1 ounce, there are also ½ ounce, ¼ ounce, and even 1/10 ounce. The government of the United States guarantees the weight, purity and content of these coins. With that thought, investors and collectors are assured of what they are buying. Furthermore, fast cash can be acquired once these coins are up for trade.
But put in mind that the composition of these coins does not only rely on gold. Under the US government law, gold that comes from their lands contain silver and copper alloy, making every Gold Eagle 91.67% gold, 3% silver, and 5.33% copper. These other elements allow the coin to be very resilient and durable.
Not only does the gold content make the Gold Eagle precious, but its design and art. The obverse of the coin present Augustus Saint-Gaudens’ version of the Lady Liberty, with her free flowing hair, olive branch in her left hand and a torch on her right. On the reverse is great sculptor Miley Busiek’s design, a male eagle carrying also an olive branch.
The market price of these coins really varies, and you can check for prices online. But remember to purchase coins only on trusted dealers on coin and precious metals, take for example United Gold. You can read reviews about the dealer written by other customers to ensure legitimacy, like what United Gold offers.