American Eagle coins are a great way to invest in gold and silver. They
are, in fact, the best -selling bullion coins in the U.S. There is always
a ready market, as they are traded daily as a component of the
international gold and silver trading systems. Gold Eagles are minted from
gold that has been mined in the U.S., and use the standard of 22 karats
for extra durability. These
American Eagle coins contain the stated amount of gold, in addition to
trace amounts of alloy, making them the most durable and sought-after
bullion coins in the world. The additional alloy is used to create a
harder coin that is less resistant to marring and scratching.
certified American Eagle coins are the only bullion coins that are
backed by the U.S. government. The coins’ content, weight, and purity are
guaranteed to contain the stated amount of gold or silver. They can also
be easily converted to cash, without having to worry about penalties. It’s
easy to keep track of the value of your Gold Eagles and Silver Eagles.
Most newspapers, radio and television networks report the price of gold
and silver on a daily basis. The American Eagle’s value is based upon this
price, in addition to a small premium in order to cover distribution and
mintage costs. Gold Eagles and Silver Eagles can play a significant role
in your retirement savings plan, because they can be included in your IRA
(Individual Retirement Account.) In addition to the common 1-ounce size,
Gold Eagles are also available in ¼ ounce, ½ ounce and 1/10 ounce sizes,
so no matter what your budget is, you’ll be able to buy your share.
Eagles were first introduced by the U.S. Mint in 1986, and they have
since become the #1 selling bullion coin in the United States. The value
of these coins is independent of the stocks and bonds market, so they hold
their value much better than stocks and bonds. Many financial experts
recommend adding gold and silver bullion coins to your portfolio, to
increase the value and improve overall performance.
The design of the Gold Eagle coin was inspired by the work of Augustus
Saint-Gaudens, a renowned American sculptor. The
$20 gold coin
was his design, and was commissioned by his good friend Teddy Roosevelt;
it is considered to be one of the most beautiful coins ever produced.
The Silver American Eagle is made of 1 troy ounce, and is guaranteed to be
99.9% silver (the other component being copper to give it extra strength
and durability.) There have been more than 130 million of these coins sold
since its introduction in 1986.
The U.S. Mint takes great care and pride in producing its coins, whether
it’s the Gold Eagles or the Silver Eagles. First, burnished coin blanks
are manually fed into presses that are fitted with special dies. Then, the
coin is pressed several times so that the images look detailed, but softly
frosted. Each coin is then thoroughly inspected by quality inspectors
(wearing white gloves of course.) After passing the inspection, each coin
is then placed in a plastic capsule where it is sealed and then mounted in
a velvet case, and given its own Certificate of Authenticity.
Eagles can be purchased directly from the United States Mint, and most
of them have limited mintage, meaning that only a certain number are made.
In 2006, the U.S. Mint added American Eagle uncirculated coins to their
collection. You can buy silver and gold coins directly from them. These
uncirculated coins are created in a similar fashion, with an added “W”
mint mark to signify the U.S. Mint at West Point.
If you don’t want to buy Silver Eagles or Gold Eagles directly from the
U.S. Mint, there are various authorized dealers that you can purchase
from. You can search online for authorized dealers in your state. Make
sure that you are buying PCGS or NGC certified American Eagle coins;
otherwise your investment may be for naught. Always do your research
before buying any coins online, or from collectors you don’t know. Educate
yourself on how to spot the fakes, and always ask for a Certificate of
Authenticity or money back guarantee as used by PCGS before purchasing.