A Closer Look At American Gold Eagle Coins
If you’re familiar with American Gold Eagle coins, well, you probably already know that they can be a great investment. Not only for people who love to collect coins, but for anyone who wants a part of history. Coming out in the’80’s they are the official gold bullion coin of America.
There are four different troy ounces that are offered in these beautiful Gold Eagle coins. Ranging from 1/10 ounce, up to 1 ounce of pure gold. Something you may not know about these coins is that the gold that is used to mint them is required to be mined here in the good old United States of America.
Authorized by the US Congress back in’85, 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.
The coins are not based on the face value that is listed on the different troy ounces that are available, but what the gold content is in each coin. Recent values of the coin were as follows. For a $5 coin it would be worth $130, while the next coin that showed a face value of $10 was worth $275. The $25 face value coin was worth $550, and the last coin available of $50 face value would be worth $1,000.
Of course as the market fluctuates and gold goes up or down the value can be changed. The value is not what the face value is of the coin, but the price of the actual gold content. American Gold Eagle coins have 91. 67% of 22 karat gold, 5. 33% copper, and 3% silver to make them. Coins minted during the years of’86 to’91 have Roman numerals for the dates. Those coins that came out in the years after, have used Arabic numbers for those dates.
Measurements for each coin are as follows, the one tenth troy ounce coin will measure 16. 50 mm diameter, and have a thickness of 1.’ mm, and weigh 3. 393 grams. While a quarter troy ounce coins is going to weigh 8. 483 grams, measure 22 mm in diameter and be 1. 83 mm thick. Half troy ounce coins will be 2. 24 mm thick, measure 27 mm in diameter and weigh16. 965 grams. And the last American Gold Eagle coin is the one troy ounce that measures 32. 70 for diameter, is 2. 24 mm thick, and will weigh 33. 93 grams.
During the years of’86 to’91 Roman numerals were used to date the coins. Starting after that it was switched to Arabic numbers for the dates. The American Gold Eagle is an item that is not only a great investment, but beautiful to behold. Any item that is a great investment, as well as something that you can enjoy looking at is worth obtaining. Today you can get a piece of history and enhance the value of your gold bullion portfolio,as American Gold Eagles are well worth the cost to invest in.
James writes articles on investing in american gold coins, and buying proof gold eagle coins
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