New Forex Trading Strategy

Sunday, November 1, 2009

Buying American Gold Eagle Coins

By James Stevenson

If you're familiar with American Gold Eagle coins, well, you probably already know that they can be a great investment. Not only for people who love to collect coins, but for anyone who wants a part of history. Coming out in the 1980's they are the official gold bullion coin of America.

Gold that is used in the the American Gold Eagle coin must come from United States soil, and also added into the mixture are copper and silver that will help the coin more durable and wear-resistant. 22 karat gold is used to make these beautiful coins.

The reverse side that displays the American Gold Eagle shows a male bird flying while holding an olive branch. He is flying over a nest containing a female Gold Eagle with her hatchlings. The design was created by Miley Busiek. While the opposite side of the coin is a design by Augustus Saint-Gaudens', showing Lady Liberty. The picture is one with Lady Liberty holding an olive branch in one hand, while in the other is a torch.

Values of these American Gold Eagle coins will be based on the value that cold is currently at, and depending on the content of gold in each coin. Back in April 2009 the values ranged from $130 for the $5 coin, all the way up to $1,000 for the $50 face value coin.

Depending on the spot price of gold, the market will determine the price that you could hope to get from the sale of these coins. Almost all of these types of coins will be produced at the New York at West Point Mint. These American Gold Eagle coins contain a mixture of 91. 67% gold, 5. 33% copper, and 3% silver.

Sizes of the different coins are as follows, the one tenth troy ounce coin comes in 16. 50 mm diameter, weighs 3. 393 grams, and is 1. 19 mm thick. While when you have a quarter troy ounce coins it will be 1. 83 mm thick, measure 22 mm in diameter, and weigh 8. 483 grams. Moving up to the half troy ounce this coin will weigh 16. 965 grams, be 27 mm in diameter, and 2. 24 mm thick. And finally, the one troy ounce American Gold Eagle coin will be 32. 70 mm in diameter, weight 33. 93 grams, and be 2. 87 mm thick.

During the years of 1986 to 1991 Roman numerals were used to date the coins. Starting after that it was switched to Arabic numbers for the dates. The American Gold Eagle is an item that is not only a great investment, but beautiful to behold. Any item that is a great investment, as well as something that you can enjoy looking at is worth obtaining. Today you can get a piece of history and enhance the value of your gold bullion portfolio,as American Gold Eagles are well worth the cost to invest in. - 23305

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