American Eagle Gold Proof Coins: A Trendy Investment
Many Americans who want to add gold to their collection prefer the American Eagle gold coin, regardless if they are in it for the gold collection or just to possess the yellow metal. Coins of this type were launched in 1986. Since then, the US Mint has produced different weights for the coin, ranging from 1 ounce, ½ ounce, ¼ ounce, and even to 1/10 ounce weight. Whatever the weight, the American Eagle coins showcase the Liberty design of Augustus Saint-Gauden, which was first used on the head side of the double eagle coin, or the $20 US gold coin from 1907 to 1933. However, a counterpart of lesser value was created with respect to it, the American Eagle silver coins, which shows feature Adolph A. Weinman’s “walking liberty” design, which grades the half dollar coin starting in 1916.
The US Mint created two types of gold coins, one is the bullion coins intended for investors and the American Eagle gold proof coins for collectors. The bullion coins come in gold, silver, and since 1997, platinum. However, much attention is focused on the gold ones.
What makes American Eagle gold coins a catch is its composition. A 1 ounce gold Eagle assures you of 1 ounce fine gold, but for durability, it is mixed down to 22 karat. So, it is 0.9167 fine, with a little amount of copper and silver. That mean each coin has a weight of about 1.1 ounces.
American Eagles are easy to buy and sell. Although these coins come from the US Mint, they can be bought from most major dealers of coin and precious metals, and can be included in IRA. As to what the buying or selling price is, the platinum American Eagle has the best value for an American coin at $100. Next in line is the gold, which is of $50 face value, and as expected, the silver has the lowest value at $1.
Regardless of the value of the gold ones, more people still prefer them. Even though there are changes in the value of gold and its production, what doesn’t change is the fact of what the word “gold” does on some people. With that, more and more people put gold as part of their investment. And for those who want to ride with the wave of gold American Eagles, it is imperative that understanding gold and everything about it is essential.