| American Gold Eagles For Precious Metals Investment |
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| Written by Dylan Chase |
| Monday, 01 March 2010 11:14 |
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As the investing landscape has become more uncertain, more individuals have been considering precious metals investment as an alternative to other asset classes. This investment can be made through a number of methods such as an ETF for precious metals, stock in mining companies, or bullion coins. The most popular gold bullion coin of the United States is the American Gold Eagle.
As the investing landscape has become more uncertain, more individuals have been considering precious metals investment as an alternative to other asset classes. This investment can be made through a number of methods such as an ETF for precious metals, stock in mining companies, or bullion coins. The most popular gold bullion coin of the United States is the American Gold Eagle. American Eagle Gold Bullion coins were authorized by Congress in 1985 and first produced in 1986. The coins are minted to exacting specifications, with their weight, content, and purity guaranteed by the United States government. Each coin is struck in 22 karat gold, consisting of 91.67% gold, 3% silver, and 5.33% copper. The coins have traditionally been offered in four different sizes: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce. Each coin contains its stated weight in pure gold. The design for the bullion coins features a classic design originally used on the circulating $20 gold double eagle coin designed by Augustus Saint Gaudens. Liberty is depicted striding confidently forward holding a torch and olive branch. The US Capitol building is visible in the background with rays of the rising sun. The reverse of the coin features a family of eagles. This design was created by Miley Busiek specifically for the new gold bullion coins. A male eagle is shown bringing an olive branch back to a nest containing the female eagle and hatchlings. In addition to the bullion coins, the United States Mint has offered special versions of the coins for collectors. Since 1986, a proof version of the coin has been created which features a high quality deep cameo proof finish. From 2006 to 2008, collectible uncirculated versions of the coin were produced, which are struck on specially burnished blanks and contain the W mint mark. The collector versions of the coins are priced at a premium and sold directly by the United States Mint to the public. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Find additional information and resources on the American Gold Eagle. Learn about the status of the latest release of the series, the 2010 Gold Eagles. |
| Last Updated on Sunday, 24 October 2010 14:51 |