The American Gold Eagle Coin Program
Written by Author on October 27th, 2009For investors and collectors who choose to purchase gold bullion, the American Gold Eagle coin is a fine method of adding real value to your portfolio. First released back in the mid-1980s, it’s the official gold bullion coin of the United States. There are four different coins that are offered, the one tenth oz, one quarter oz, half oz, and the 1 oz coins. Each has a different amount of gold weight and is offered to the public to purchase.
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.
One side of the American Gold Eagle coins have Lady Liberty as done by Augustus Saint-Gaudens’. A lovely picture that shows her hair flowing, holding the torch in one hand and an olive branch in the other. While on the other side is the American gold eagle flying holding an olive branch, over a nest that shows a female and babies. This was taken from a design done by famed sculptor Miley Busiek.
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 gold eagle it would have a value of about $130, while coins that displayed a face value of $10 had a value of $275. The $25 face value coin was worth $550, and the last coin available of $50 face value would be worth over $1,000.
These coins are usually manufactured in the Mint’s West Point, New York facility. These 22-karat coins are made of 91.67% gold, 3% silver, and 5.33% copper. The price will depend on the content of gold and not the stated face value.
In regard to the coin’s sizes, the 1/10 ounce coin measures 16.50 mm in diameter, and is 1. 19 mm in thickness, with a weight of 3.393 grams. Those 1/4 ounce coins are a diameter of 22 mm, thickness of 1. 83 mm, and weigh 8. 483 grams. For the 1/2 ounce coins you have a 27 mm diameter, 2. 24 mm thickness, and a weight of 16. 965 grams. Finally, the 1 ounce gold coin measures 32. 70 mm in diameter, 2. 87 mm thick, and weighs 33. 93 grams.
Coins that were produced between the years of 1986 and 1991 will display Roman numerals for dates. While coins that came out after those years display Arabic numbers. These great coins almost an essential item for collectors and anyone out there look into. To diversify investors and collectors should look into buying different gold american eagle coins with the hope of building a diversified collection of quality coins that you will be able pass down to your children or grandchildren.
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