If you want to start collecting gold coins, you might not even know where to start amongst the many that exist. There are so many gold products out there, from the British Gold Sovereign to the many number of modern coins that you can pick up through dealers, that it’s difficult to find out which ones are the best to get.
In regard to American Gold Eagle Coins, you’ll find that you are astonished by the amazing detail in the design on the face. You can see Lady Liberty and the Capitol buildings on the coin’s front, a great design from Augustus Saint-Gauden. Flip it over to find a beautiful picture of an eagle that is soaring through the air, a nest underneath it. You can also see the typical “In God We Trust and “E Pluribus Unum.” Its value comes in down its symbolic design and its actual gold make up.
These golden Eagle coins make a great starting point for investors beginning their collections because there are a variety of sizes made. They range in size between 1/10 ounce, 1/4 ounce, 1/2 ounce and 1 ounce denominations. Though gold prices can fluctuate every day the American Eagle coin will generally sell at a small premium above the daily price. If gold is listed at $950 you will likely see the 1oz coin selling for $1,000. Recently, there was a coin listed as a’97 1/10oz gold coin which was bid up to at least $118.00 on a popular internet auction site. Obviously, that price is a premium above the $90+ standard assessed value.
It would be very easy to just talk about it as a piece of gold, but its value as a collectible and a particular product is also very important. In the case of gold eagle coins, it’s the backing of the American Government that investors are concerned with.
Purchasing any collectible has an element of risk, but the safest bets are available from the larger, more reputable companies established within the USA Government involvement provides a certain guarantee of a quality product. Because of this, golden Eagle coins may be the safest and best item for new collectors.
The American Eagle coin, with its U.S. government endorsement, as well as it sheer beauty and majesty, definitely has a place in any coin investor’s collection. There are also silver and platinum Eagle coins, if you prefer to add some diversity to your portfolio.
Franklin Kelly writes articles on gold bullion coins, including Gold Proof Eagles and Gold Proof Anniversary Eagles for your precious metals portfolio or coin collection.
categories: gold proof eagles,gold eagle,gold coins,coins,precious metals,personal finance,finance,investing
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