American Eagles were launched in 1986 and since that time, the U.S. Mint has produced the American Eagle in 1 ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce weights.
The American Eagle gold coin features Augustus Saint-Gaudens Liberty design, which was used on the $20, or double eagle, U.S. gold coin from 1907 to 1933.
It has a lower-budget counterpart in the American Eagle silver coins, which feature Adolph A. Weinman's "walking liberty" design, which grades the half dollar coin starting in 1916.
The U.S. Mint decided on two types of American Eagle products: The American Eagle bullion coins for investors and the American Eagle proof coins and uncirculated coins for collectors. The bullion coins come in platinum (only since 1997), gold and silver, but the gold Eagle coin is probably the best known. The coins are made with American-mined metal.
Contains a full ounce of gold
A 1-ounce gold Eagle contains 1 ounce of fine gold, but it's mixed down to 22 karat for durability. (It's 0.9167 fine, mixed with copper and silver.) That means each coin weighs about 1.1 ounces.
They're easy to buy and sell, from most major coin and precious metals dealers, and can be included in IRA. In Arizona where I live, for example, there are 10 dealers registered with the U.S. Mint who deal in the coins, but all are in the cities.
As with all of America's gold coins, the American Eagles are produced at the U.S. Mint at West Point (well protected!) and carry the W mint mark.
As with all such coins, the buying or selling price is a factor of the current market for gold.
The American Eagle platinum bullion coin is 0.9995 purity. As with all coins of the series, it carries an actual face value (though these are far less than the value of metal contained, it does make them legal tender) and the platinum coin, at face value of $100, carries the largest value ever for an American coin. The gold coin has a $50 face value and the silver coin, as would be expected, $1.
The other American Eagle product line, coins for collectors, will be covered in another article.
Posts
This could be a good coin to add the collection and a very good investment indeed. You can never go wrong with those metals.
ReplyDeletecash for platinum