The resale value of the American Gold Eagle coin is enhanced by its hardness which helps it resist being scratched or marred. This hardness is accomplished by using a combination of pure gold, which by law has to be mined in the United States, and a small amount of alloy in its content. The content is stamped on the front along with the face value. It is offered in various denominations, 1/10 oz., ¼ oz., ½ oz., and 1 oz., to fit any budget. This actual weight of the coin is in troy ounces.
History
American Gold Eagle coins were authorized by the United States Congress with the Bullion Coin Act of 1985 and were first released in 1986. There are very strict standards for their minting and their weight, content, and purity are guaranteed by the United States Government. The design on the front was inspired by Augustus Saint-Gaudens’ $20 coin that was minted from 1907-1933. It depicts a full length shot of Lady Liberty with a torch in one hand and an olive branch in the other. The back’s design features a family of American Eagles and their nest. It was designed by Miley Busiek, a sculptor.
Collectors need to note that uncirculated and proof versions have been minted in the past. These versions have been suspended because of public demand for the American Gold Eagle coins and will be minted again when sufficient blanks can be produced. The West Point Mint produces most of these and its mark, a “W”, can be found beneath the date.
Other Information
American Gold Eagles continue to be an excellent source for investing. Of all the gold coins for sale, they have become the most widely purchased and traded. They are also easily converted into cash when the time comes because of the United States Government’s backing. Since their release in 1986, they have proven to bring a high return.
The market value is determined by the precious metal content, not the face value of $5, $10, $25, or $50. Recent selling prices have been reported as $130, $275, $550, and $1,000 respectively. It is easy to check the market value as reported in most major newspapers, on television and radio, and via the internet.
Including this legal tender in a portfolio is affordable and easy. Another positive is that they are easy to store. They can be purchased from the United States Mint directly, participating banks and brokerage houses, or coin or precious metals dealers. A companion book accompanies the purchase of a 2009 edition which contains historical data and the process used to produce the item. It is important to note that they can be used to fund an Individual Retirement Account (IRA).
