Investing in Gold American Eagles
March 13th, 2010
Gold American Eagles are a very popular gold coin to collect.They come in different denominations such as $5.00, $10.00, $25.00, and the $50.00 gold eagle coins.
The gold coins have the correct amount of gold in each one in actual gold weight, or troy ounce, which equals 91.67%.They also contain sufficient amounts of copper, 5.33% and 3% of silver to help protect each coin from wear. These gold coins first made their appearance in 1986.
For collectors information, the 1/10 or $5.00 American Gold Eagle coin has a thickness of 1.19 mm, a diameter of 16 1/2 mm; and its overall weight is 3.393 grams.
The 1/4 or $10.00 American Gold Eagle Coin has a thickness of 1.83 mm, the diameter is 22 mm, and its overall weight is 8.483 grams.
The $25 denomination is also know as the 1/2 which has a thickness of 2.24 mm and diameter of 27 mm.
The $50 denomination also known as the 1 ounce has a thickness of 2.87 mm and a diameter of 32.70 mm
The gold American Eagle’s value will fluctuate depending on the value of gold but will likely always hold a very high value. Most of the coins were minted at the West Point mint in New York. From 1986 until 1991 all the American Gold Eagle Coins were minted with the dates pressed in Roman Numerals; however in 1992 this was changed to Arabic numbers,and still remains this way.
The design on the front or obverse side shows a picture of Lady Liberty with her hair blowing in the wind.A olive branch is in one hand and a torch in another.The edge of each coin is ridged, with stars circling the entire perimeter of the coin with the exception of the lower left hand corner where you can see the Capital building. There are also rays coming upward from the bottom.
The reverse side was done by a sculptor named Miley Busiek. You can see a male eagle carrying an olive branch in its talons, landing near the mother eagle’s nest with her young.UNITED STATES OF AMERICA can be found at the top. You will also find the phrase IN GOD WE TRUST. You will also see the troy ounces below the next.
So you can see why the American Gold Eagle is one of the most beautiful coins in the U.S. Mint.
Learn how to buy gold coins and read more about coins such as the $25 gold eagle.
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