What Are American Gold Eagle Bullion Coins?
This is a question you should be asking if you are seeking to own gold, or gold coins.. The United States Mint produces these coins which were authorized by the Bullion Coin Act of 1985. The coins are embossed with their legal tender face value of fifty dollars, their gold content and government guarantee stamp. Their actual value corresponds with the price set by supply and demand. The Mint sells the coins based on the prevalent market value with a slight premium to cover the cost incurred in their production, marketing and distribution.
The Design Of The American Eagle Gold Coins
American Eagle coins are sold in one troy ounce and three other weights. The image chosen for the front is one previously used in 1907 on a different gold coin. It has Lady Liberty bearing a torch and an olive branch from a design by Augustus Saint-Gaudens. The reverse side is embossed with a nest of eagles.
The Mint Sells Uncirculated And Proof Bullion coin Versions For Collectors.Too
The preparation of bullion coins in the Proof and the Uncirculated editions need a more labor-intensive mintage process described on the U. S. Mint's website, which also has more details about them. They are sold at a preset price, unlike the gold bullion coins that are sold to investors and not collectors.
Reasons For The Mounting Interest In Gold
Folk are attracted to gold for a number of reasons. They are concerned about the declining dollar, the steadiness of the banks and potential hyperinflation. They are also aware of the prospect of returning to the gold standard that was abandoned by governments. Gold followers are also aware of the fact that gold is becoming more scarce. This was confirmed by the boss of the premier gold mining company at a conference held in London in November of 200. Therefore it is not surprising that the demand for gold bullion coins has outstripped supply. This has forced the Mint to stop sales several times.
Collectors Should Be Aware Of The Difference Between The American Buffalo Gold Bullion coin And The American Eagle Gold Bullion coin
The American Eagle dominated the gold coin market when it was introduced. According to a Mint official, 60% of the worldwide gold bullion coin market is dominated by 24 carat gold coins, with 22 carat bullion coins making up the rest. Due to the world gold coin market being skewered towards 24 carat bullion coins, and as the U.S had nothing to sell to this market, Congress authorized the production of the 24 carat American Buffalo bullion coins. These were added to the 22 carat coins in the Mint's portfolio of precious metal coin offerings in 2005. These were eventually released to the market in 2006. Even though gold bullion coins have not circulated since 1933, features conducive to circulation have been reflected in the metal constitution of gold coins minted by the Mint. - 23223
The Design Of The American Eagle Gold Coins
American Eagle coins are sold in one troy ounce and three other weights. The image chosen for the front is one previously used in 1907 on a different gold coin. It has Lady Liberty bearing a torch and an olive branch from a design by Augustus Saint-Gaudens. The reverse side is embossed with a nest of eagles.
The Mint Sells Uncirculated And Proof Bullion coin Versions For Collectors.Too
The preparation of bullion coins in the Proof and the Uncirculated editions need a more labor-intensive mintage process described on the U. S. Mint's website, which also has more details about them. They are sold at a preset price, unlike the gold bullion coins that are sold to investors and not collectors.
Reasons For The Mounting Interest In Gold
Folk are attracted to gold for a number of reasons. They are concerned about the declining dollar, the steadiness of the banks and potential hyperinflation. They are also aware of the prospect of returning to the gold standard that was abandoned by governments. Gold followers are also aware of the fact that gold is becoming more scarce. This was confirmed by the boss of the premier gold mining company at a conference held in London in November of 200. Therefore it is not surprising that the demand for gold bullion coins has outstripped supply. This has forced the Mint to stop sales several times.
Collectors Should Be Aware Of The Difference Between The American Buffalo Gold Bullion coin And The American Eagle Gold Bullion coin
The American Eagle dominated the gold coin market when it was introduced. According to a Mint official, 60% of the worldwide gold bullion coin market is dominated by 24 carat gold coins, with 22 carat bullion coins making up the rest. Due to the world gold coin market being skewered towards 24 carat bullion coins, and as the U.S had nothing to sell to this market, Congress authorized the production of the 24 carat American Buffalo bullion coins. These were added to the 22 carat coins in the Mint's portfolio of precious metal coin offerings in 2005. These were eventually released to the market in 2006. Even though gold bullion coins have not circulated since 1933, features conducive to circulation have been reflected in the metal constitution of gold coins minted by the Mint. - 23223
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You can read more about American Gold Eagle Coins or even Buy American Gold Eagle Coins through The Precious Metal Shop.
posted by X - Men @ 6:35 AM
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