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.
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.
The reverse side that displays the American Gold Eagle shows a male bird flying while holding an olive branch. He is flying over a nest containing a female Gold Eagle with her hatchlings. The design was created by Miley Busiek. While the opposite side of the coin is a design by Augustus Saint-Gaudens', showing Lady Liberty. The picture is one with Lady Liberty holding an olive branch in one hand, while in the other is a torch.
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.
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.
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. 19 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.
Investing in highly-regarded American Gold Eagle Coins are a great idea if you are considering adding physical gold to your portfolio. Also, as a consideration to future generations, you can always pass them down to your kids as they get older.
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James writes articles on investing in american gold coins, and buying proof gold eagle coins
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