Gold Eagle
If you want to buy gold, and you want to buy American, then the Gold Eagle is your coin of choice.
The American Gold Eagle was first minted in the mid-80s and is an official gold bullion coin of the United States. These coins come in various denominations, including 1/10 ounce, 1/4 ounce, 1/2 ounce and one ounce. The coins have the security and backing of the U.S. government.
U.S. law requires that the gold used in American Golden Eagle coins must come from American sources and must also contain an alloy of silver and copper to make the coin more durable. The American Gold Eagle coins are 22 karat, or 91 percent gold. The U.S. government backs the gold content of the coins.
The obverse of the coin features Augustus Saint Gauden’s depiction of Lady Liberty standing before the Capitol with a torch in one hand and an olive branch on the other. The revers design features a male bald eagle flying above a nest of baby eaglets and a female eagle.
The coins are minted with a face value of $5, $10, $25 and $50, but their market value often far exceeds their face value. As of March 2009, the $5 coin was worth $130, the $10 coin was worth $275, the $$25 coin was worth $550 and the $50 coin was worth $1,000. With the continuing upswing in gold prices, the value of these coins is expected to continue to appreciate.
A key advantage of buying American Gold Eagle coins is that they can easily be converted into cash at metal dealers throughout the country with a minimum of paperwork and bureaucracy. This is helpful to investors who are sensitive about their privacy.
American Gold Eagle coins are easy to obtain from sources such as Monex, Lear Capital and Ebay, among many others. At most sources, investors will pay the price of the coin, plus a premium. As the price of gold continues to rise, this premium will be wiped out by the price increase.
Purchasing American Gold Eagle coins adds an element of fun and patriotism to gold investing, making it something investors can share with their children.
The key benefit offered by these coins is their rock solid safety. While stocks may crater to zero and while the housing market may crash, gold will always remain valuable. Throughout times of economic crisis, gold has proven to be a safe harbor for investors again and again, and the current economic downturn is no exception to this rule.
As the world economy continues to stall and sputter, investors globe over are looking for a safe, reliable investment they can count on to safeguard their wealth. American Gold Eagle coins are among the best gold investments because of they’re easy to obtain and because of the guarantee of purity backed by the U.S. government.
