American Gold - An Introduction To American Eagle Gold Coins
Gold coins were used as the form of currency in the earliest days of the civilization. But the coins are considered as a form of investment in these days. Bullion gold coins are especially well recognized for the investment purpose. The price for gold coins has a tendency to fluctuate a lot from a day to day depending upon the gold prices. Each and every country has an official bullion gold coin. 'American Eagle' gold coins are the official bullion gold coins of USA.
American Eagle Gold Coins are much admired gold bullion coins which are minted in the United States. The gold which is in these coins is required by law to come solely from US sources. The American Gold Eagle coins were introduced in 1986, at a time when South African gold was prohibited from being imported in order to protest apartheid, and its popularity skyrocketed as it satisfied the great demand for gold under this embargo.
American Eagle Coins can be obtained in various denominations ranging from 1/10 of an ounce to 1 ounce. While all of the denominations are 91.76% pure gold, the amount of gold in each denomination varies according to weight. American Eagles have a light yellow tone because they contain a copper and silver alloy in addition to gold. In contrast, the South African Kruggerands contain a copper alloy that gives them a deep orange tone.
On one side of the coin is a depiction of Lady Liberty holding her torch. On the other side is an image of a male eagle flying above a female eagle and their offspring. The male eagle symbolizes the United States' great power and resolve to defend itself and its people, but in the male eagle's grasp we also see an olive branch, symbolizing America's quest for peace while maintaining its strength. The design of the various denominations is the same, aside from the listed gold content.
American gold coins are marked with a face value. 1 oz coins are marked as $50 coins, 1/2 oz coins are marked as $25 coins, 1/4 oz coins are marked as $10 coins, and 1/10 oz coins are marked as $5 coins. But in reality these face values are symbolic values to reflect the coins status as legal tender. Their true value resembles the market value of their gold content, plus a certain premium. Indeed, an American Eagle US gold coin labeled $50 values around $900 at the moment!
American gold coins are the most popular gold coin in the world. They are beautifully designed and carry powerful symbolism, and make and add to any coin collection. With their weight and content being backed by the US mint, there will be no dispute over the amount of invested money. Every serious gold investor invests in American Eagles!
Learn more about American gold coins at the net's premiere site covering everything related to U.S. gold coins, US-Gold-Coins.org. Whether you're interest is investing or building a collection, it's covered in our FAQ's, gold-related videos, and of course, our US Gold Coins Blog covering the latest news on U.S. gold coins!
Published December 29th, 2008
Filed in Investment
