What Are American Eagle Gold Coins?
Folk looking to buy physical gold for investment will want to know what are American Eagle gold coins? The first things to know are that the United States Mint is the leading supplier of 22-karat gold coins. In the Bullion Coin Act of 1985 Congress authorized the production of the coins. Their face value is 50 dollars and market price determines their actual value. The coins are sold based on the current market price, plus a small premium to cover the costs incurred by the Mint. However, dealers might offer them for sale at a different price.
The American Eagle Gold Bullion coin's Design
American Eagle gold bullion coins are sold in one ounce and three other weights. The image selected for the front is one formerly used in 1907 on another gold coin. It shows Lady Liberty bearing a torch and an olive branch and was designed by Augustus Saint-Gaudens. The reverse side is stamped with an eagle's nest.
The Mint Sells Uncirculated And Proof Coin Versions As Well
American Eagle coins also have Proof editions for collectors in individual weights, as well as a set of four coins that has one of each weight. The preparation of bullion coins in the Uncirculated edition and the Proof version requires a special process described on the Mint's website that also notes their individual features. Unlike the coins sold for investors whose value fluctuates from day to day according to the spot price, the price of these coins is predetermined.
Reasons For The Increasing Interest In Gold As An Investment
With the dollar in decline and financial institutions looking more and more unsteady, people are searching for alternative homes for their money.. The value of cash is something they are unable to influence however, in the same way as they can if they own an investment that can sustain its value with the passage of time or even the potential of an increase in value in the future. Gold is one asset type that fits this description..In the past economies have operated on a monetary system called the Gold Standard. The situation was more stable when it was based on the Gold Standard.. Many believe that we should return to this type of gold backed monetary system.. Many folk are worried about an outbreak of inflation caused by the printing of cash by governments responding to the Global Finacial Crisis and seek to hedge their risk with gold. Whereas others,, believing that gold will go up in value because it is getting more difficult to extract and find. Others believe that the value of gold will rise as it is getting harder to find and extract from the ground. The president of one of the world's leading miners, Barrick Gold, revealed that total gold production was lessening at a conference in London.. The general public who read the Dai;y Telegraph on November 13, 2009 could have let this information color their investment decisions henceforth.. International production has declined by more or less 1 million ounces per annum since the beginning of this century; and that the total supply has dropped by 10 percent. Erosion in ore quality is also a factor. Whatever the reason, the Mint has had to suspend sales of its coins due to its falling inventory.
Investors Need To Know The Difference Between The American Buffalo Gold Coin And The American Eagle Gold Coin
The American Eagle dominated the gold bullion coin market when it was introduced. According to a Mint executive, 60% of the global gold coin market is dominated by 24 carat gold bullion coins, with 22 carat coins making up the balance. Due to the world gold bullion coin market being tilted towards 24 carat bullion coins, and as America had nothing to sell to this market, Congress sanctioned the fabrication of the 24 carat American Buffalo coins. These were added to the 22 carat coins in the Mint's catalogue of precious metal bullion coin offerings in 2005. These were eventually released to the market in 2006. Even though gold bullion coins have not been in circulation since 1933, features conducive to circulation have been reflected in the metal constitution of gold coins struck by the Mint. - 23210
The American Eagle Gold Bullion coin's Design
American Eagle gold bullion coins are sold in one ounce and three other weights. The image selected for the front is one formerly used in 1907 on another gold coin. It shows Lady Liberty bearing a torch and an olive branch and was designed by Augustus Saint-Gaudens. The reverse side is stamped with an eagle's nest.
The Mint Sells Uncirculated And Proof Coin Versions As Well
American Eagle coins also have Proof editions for collectors in individual weights, as well as a set of four coins that has one of each weight. The preparation of bullion coins in the Uncirculated edition and the Proof version requires a special process described on the Mint's website that also notes their individual features. Unlike the coins sold for investors whose value fluctuates from day to day according to the spot price, the price of these coins is predetermined.
Reasons For The Increasing Interest In Gold As An Investment
With the dollar in decline and financial institutions looking more and more unsteady, people are searching for alternative homes for their money.. The value of cash is something they are unable to influence however, in the same way as they can if they own an investment that can sustain its value with the passage of time or even the potential of an increase in value in the future. Gold is one asset type that fits this description..In the past economies have operated on a monetary system called the Gold Standard. The situation was more stable when it was based on the Gold Standard.. Many believe that we should return to this type of gold backed monetary system.. Many folk are worried about an outbreak of inflation caused by the printing of cash by governments responding to the Global Finacial Crisis and seek to hedge their risk with gold. Whereas others,, believing that gold will go up in value because it is getting more difficult to extract and find. Others believe that the value of gold will rise as it is getting harder to find and extract from the ground. The president of one of the world's leading miners, Barrick Gold, revealed that total gold production was lessening at a conference in London.. The general public who read the Dai;y Telegraph on November 13, 2009 could have let this information color their investment decisions henceforth.. International production has declined by more or less 1 million ounces per annum since the beginning of this century; and that the total supply has dropped by 10 percent. Erosion in ore quality is also a factor. Whatever the reason, the Mint has had to suspend sales of its coins due to its falling inventory.
Investors Need To Know The Difference Between The American Buffalo Gold Coin And The American Eagle Gold Coin
The American Eagle dominated the gold bullion coin market when it was introduced. According to a Mint executive, 60% of the global gold coin market is dominated by 24 carat gold bullion coins, with 22 carat coins making up the balance. Due to the world gold bullion coin market being tilted towards 24 carat bullion coins, and as America had nothing to sell to this market, Congress sanctioned the fabrication of the 24 carat American Buffalo coins. These were added to the 22 carat coins in the Mint's catalogue of precious metal bullion coin offerings in 2005. These were eventually released to the market in 2006. Even though gold bullion coins have not been in circulation since 1933, features conducive to circulation have been reflected in the metal constitution of gold coins struck by the Mint. - 23210
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