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 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.
One side of the American Gold Eagle coins have Lady Liberty as done by Augustus Saint-Gaudens’. A lovely picture that shows her hair flowing, holding the torch in one hand and an olive branch in the other. While on the other side is the American gold eagle flying holding an olive branch, over a nest that shows a female and babies. This was taken from a design done by Miley Busiek.
These American Gold Eagle coins normally run about equal to the value of the gold that is in their content. In March of 2009 the coins values were the following, the $5 is worth $130, and the $10 coin is worth $275. While the $25 coin is worth $550, and finally the $50 is worth $1, 000.
These coins will normally be produced in the West Point Mint located in West Point, New York. The coins are made of 91. 67% American gold at 22 karats, 3% silver, and 5. 33% copper. Price depends on content of gold not face value.
Sizes of the different coins are as follows, the one tenth troy ounce coin comes in 16. 50 mm diameter, weighs 3. 393 grams, and is 1. 19 mm thick. While when you have a quarter troy ounce coins it will be 1. 83 mm thick, measure 22 mm in diameter, and weigh 8. 483 grams. Moving up to the half troy ounce this coin will weigh 16. 965 grams, be 27 mm in diameter, and 2. 24 mm thick. And finally, the one troy ounce American Gold Eagle coin will be 32. 70 mm in diameter, weight 33. 93 grams, and be 2. 87 mm thick.
Coins that were produced between the years of 1986 to 1991 will show Roman numerals for dates. While coins that came out after 1991 use Arabic numbers. A great item for collectors and anyone out there to have. To diversify investors and collectors should look into buying the different American Gold Eagle coins and add them to a collection that you can pass down to future generations.
James enjoys writing articles on investing in gold eagle bullion coins, and finding great deals on gold proof eagle coins
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