What Are American Eagle Gold Coins?
American Eagle gold bullion coins are produced by the United States Mint and were first sanctioned by Congress in 1985.. Having a face value of fifty dollars, they are backed by the U. S. Government. The price they are sold by the Mint will vary as it is linked to the prevailing spot price of gold. A small premium is added to cover expenses. In the open market, dealers may sell them at prices below or above the prevailing spot gold price.
The American Eagle Gold Bullion coin's Design
American Eagle gold coins are sold in one ounce and three other denominations. The image selected for the front is one previously used in 1907 on another gold coin. It features Lady Liberty holding a torch and an olive branch from a design by Augustus Saint-Gaudens. The reverse side is stamped with an eagle's nest.
The Mint Sells Uncirculated And Proof Bullion coin Versions As Well
The minting of coins in the Proof and the Uncirculated editions have need of a more labor-intensive production technique described on the U. S. Mint's website, which also has more details about them. They are sold at a fixed price, unlike the gold coins that are sold for investors and not collectors.
Reasons For The Rising Interest In Gold As An Investment
Financial institutions seem to be built on quicksand and the dollar is in decline. Is it any wonder folk are looking for a safe haven for their cash?. The value of cash is something they cannot manipulate however, as they can if they possess an asset which can sustain its value with the passage of time or even the possibility of an increase in value in the future. Gold is an investment in this class..As you are probably aware, most economies operated on a gold based monetary system, called the Gold Standard.. This was more stable than the situation that has transpired since the standard was lifted. Some economics and experts believe that we should return to this standard.. Many people are worried about the onset of inflation brought about by the printing of money by governments in response to the Great Recession and seek to hedge their risk by buying gold. Others,, believing that gold will go up in value because it is becoming harder to mine and find. Others believe that the value of gold will increase as it is getting harder to find and extract from the ground. It was revealed by the president of Barrick, a major gold mining firm, that global gold production was declining. This was published in the Daily Telegraph newspaper on November 13 2009.. Global production has declined by approximately 1 million ounces per annum since the beginning of this decade; and that the total supply has fallen by 10 percent. Erosion in ore quality is also a factor. Whatever the reason, the Mint has suspended sales of its coins due to its diminishing inventory.
Folk Should Be Aware Of The Difference Between The American Eagle Gold Coin And The American Buffalo Gold Bullion coin
The American Eagle dominated the gold bullion coin market when it was introduced. As estimated by a Mint representative, 60% of the global gold bullion coin market is dominated by 24k gold bullion coins, with 22k coins making up the rest. Due to the world gold coin market being tilted in favor of 24 carat bullion coins, and as The United States had nothing to offer this market, Congress allowed the making of the 24 carat American Buffalo coins. These were added to the 22 carat bullion coins in the Mint's portfolio of precious metal bullion coins in 2005. These were finally made available to the market in 2006. Even though gold bullion coins have not been in circulation since 1933, features favorable to circulation have been reflected in the metal composition of gold coins issued by the Mint. - 23200
The American Eagle Gold Bullion coin's Design
American Eagle gold coins are sold in one ounce and three other denominations. The image selected for the front is one previously used in 1907 on another gold coin. It features Lady Liberty holding a torch and an olive branch from a design by Augustus Saint-Gaudens. The reverse side is stamped with an eagle's nest.
The Mint Sells Uncirculated And Proof Bullion coin Versions As Well
The minting of coins in the Proof and the Uncirculated editions have need of a more labor-intensive production technique described on the U. S. Mint's website, which also has more details about them. They are sold at a fixed price, unlike the gold coins that are sold for investors and not collectors.
Reasons For The Rising Interest In Gold As An Investment
Financial institutions seem to be built on quicksand and the dollar is in decline. Is it any wonder folk are looking for a safe haven for their cash?. The value of cash is something they cannot manipulate however, as they can if they possess an asset which can sustain its value with the passage of time or even the possibility of an increase in value in the future. Gold is an investment in this class..As you are probably aware, most economies operated on a gold based monetary system, called the Gold Standard.. This was more stable than the situation that has transpired since the standard was lifted. Some economics and experts believe that we should return to this standard.. Many people are worried about the onset of inflation brought about by the printing of money by governments in response to the Great Recession and seek to hedge their risk by buying gold. Others,, believing that gold will go up in value because it is becoming harder to mine and find. Others believe that the value of gold will increase as it is getting harder to find and extract from the ground. It was revealed by the president of Barrick, a major gold mining firm, that global gold production was declining. This was published in the Daily Telegraph newspaper on November 13 2009.. Global production has declined by approximately 1 million ounces per annum since the beginning of this decade; and that the total supply has fallen by 10 percent. Erosion in ore quality is also a factor. Whatever the reason, the Mint has suspended sales of its coins due to its diminishing inventory.
Folk Should Be Aware Of The Difference Between The American Eagle Gold Coin And The American Buffalo Gold Bullion coin
The American Eagle dominated the gold bullion coin market when it was introduced. As estimated by a Mint representative, 60% of the global gold bullion coin market is dominated by 24k gold bullion coins, with 22k coins making up the rest. Due to the world gold coin market being tilted in favor of 24 carat bullion coins, and as The United States had nothing to offer this market, Congress allowed the making of the 24 carat American Buffalo coins. These were added to the 22 carat bullion coins in the Mint's portfolio of precious metal bullion coins in 2005. These were finally made available to the market in 2006. Even though gold bullion coins have not been in circulation since 1933, features favorable to circulation have been reflected in the metal composition of gold coins issued by the Mint. - 23200
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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 @ 5:36 AM
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