THE AMERICAN GOLD EAGLE COIN VALUES AND HISTORY
The American Gold Eagle coin is a very popular U.S. coin that is highly sought for by coin collectors and investors. The American Gold Eagle was produced in increments of 1/10, 1/4, 1/2. and 1 ounce of gold. This coin was first produced in 1986 after former president Ronald Reagan signed the Gold Bullion Coin Act of 1985. This allowed gold mined in the United States to be made into legal tender and the coin would hold a value based on market prices. The face values and increments are shown on the table below.
The front of the coin has a picture of Lady Liberty holding a torch and an olive branch. "LIBERTY" is centered at the top of the coin and the date is near the 4 o'clock position. Liberty is seen in a long gown with blowing hair. Stars surround the entire front of the coin. On the reverse side, an eagle is seen flying to the nest. Inside the nest, you can see the baby hawks. "UNITED STATES OF AMERICA" is centered along the top rim of the coin and the weight in gold and tender amount is centered on the bottom. "IN GOD WE TRUST" is seen around the 3 o'clock position.
As many of you may already know, the price of gold is around $1,600 an ounce on average. Even though the face value on these coins never change, the actual value of the coin does. The value of these coins has a base value of the coin's gold value. So no matter if you coin is scratched up or tarnished, it still holds the value of the current gold market.
The American Gold Eagle coin is made out of 91.67% gold, 5.33% of copper, and 3% silver. The silver and the copper in the coin acts as a resistant, which makes the coin more durable and prone to constant wear in circulation. But due to their value, unless buying or selling, these coins don't travel very much. All American Gold Eagle coins are made out of 22 karat gold. These coins were first produced in 1986 and they are still made today. They are one of the world's top traded gold coins in the world.
WEIGHT, FACE VALUE, AND MARKET VAUE
VALUE AS OF TODAY
VALUES AND KNOW HOW
From 1896-1991, the American Gold Eagle was dated with Roman numbers. In the year of 1992, it was changed to Arabic numbers. The American Gold Eagle is made out of 22 karat gold. Back in 1986, gold was $326.30 an ounce. Right at this moment, gold is at $1,744 an ounce. A year ago, gold was around $1,350 an ounce. The base price of gold is usually around $1,600 an ounce.
Gold has been on a steady climb for the past 10 years. They are mixed signs among experts whether or not the price will continue to rise or it will drop back down. Over the past few weeks, it has been rising again. The markets continue to be unforgiven and many people have chosen gold as a safe keep. The good thing about owning gold coins is that the coin has added value. It is not only worth the weight in gold, it is also valued as a coin. This gives it a higher value then gold bullion. These coins are made with some of the best gold you can own.
There are a lot of people that began buying gold when the price first began to raise. Once it began to hit $500, $600, and then $700, many people began investing in gold coins. People began to hoard these coins and you rarely ever seen them. Now that the price is high, there are many people trying to sell them. As far as coins go, they really don't sell that easy because of the asking price. An one ounce gold coin will cost you around $1,800 at this point. It is usually a few dollars more then the spot price or market price.
As far as value, these coins have added value. The 1991 $25 coin is worth around $2,100. The 1999-W $5 unfinished PR die is worth $705. The 2008-W $25 gold coin is worth around $1,100. The very minimum value for these gold coins are the market price. All common date gold coins are worth a few dollars more then the market value.
The $5 gold coin is worth over $200. The $10 gold coin is worth around $440. The $25 gold coin is worth around $850 and the $50 gold coin is worth around $1,650. These prices are based on the current market value of gold, which is $1,744 right now.
Many people found wealth by investing in gold coins and gold bullion. Since 2001, the increase in gold has been remarkable. Those stock experts that saw this coming has made millions of dollars. None the less, the value continues to increase. Many people believe that it is just a matter of time before it reaches $2,000 and beyond. If one thing is for sure, gold has continued to rise, especially since 2007.
Anytime you are dealing with gold coins, whether buying or selling, you need to make sure that you have done your homework on that particular coin. You also need to make sure you have a coin dealer that you completely trust. These coins are very valuable and sought after. You have to watch yourself, especially if you are in need of instant money. Some coin dealers will take advantage of your situation and try to profit of your cause. In the coin articles that U have wrote, I haven't mentioned this before. Never go into a coin shop looking like you are in need of money. As soon as you walk in with coins, they are watching you. This goes for any coin that you try to sell. Make sure you research it and learn all the basics. Don't be taken advantage of. These coins are very valuable.