Many people love the look of the American Gold Eagle coins that are available from the United States Mint. Some simply collect them while others seek them out because they're a great investment. Coming out starting in 1986 after Congress passed a bill to have these official gold bullion coins created in 1985.
Gold that is used in the American Gold Eagle coin must come from United States soil, and also added into the mixture are copper and silver that will help the coin more durable and wear-resistant. 22 karat gold is used to make these beautiful coins.
Authorized by the US Congress back in 1985, these coins are normally minted in West Point, New York. One side shows the Lady Liberty as designed by Augustus Saint-Gaudens.' Showing a beautiful picture of her hair flowing and holding a torch and olive branch in each hand. The other side was designed by Miley Busiek, showing a male Gold Eagle flying holding an olive branch, heading toward a nest with a female and her hatchlings.
Values of these American Gold Eagle coins will be based on the value that cold is currently at, and depending on the content of gold in each coin. Back in April 2009 the values ranged from $130 for the $5 coin, all the way up to $1,000 for the $50 face value coin.
Depending on the spot price of gold, the market will determine the price that you could hope to get from the sale of these coins. Almost all of these types of coins will be produced at the New York at West Point Mint. These American Gold Eagle coins contain a mixture of 91. 67% gold, 5. 33% copper, and 3% silver.
For size information the one tenth troy ounce coin measures 16. 50 mm in diameter, and is 1. 19 mm thick, weighing 3. 393 grams. Those one quarter troy ounce coins are a diameter of 22 mm, thickness of 1. 83 mm, and weigh 8. 483 grams. For the half troy ounce coins you have a 27 mm diameter, 2. 24 mm thickness, and a weight of 16. 965 grams. Finally the 1 troy ounce coin measures 32. 70 mm in diameter, 2. 87 mm thick, and weighs 33. 93 grams.
Investing in highly-regarded American Gold Eagle Coins are a great idea if you are considering adding physical gold to your portfolio. Also, as a consideration to future generations, you can always pass them down to your kids as they get older.
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