How To Buy American Gold Eagle Coins

By Author: BOLD Precious Metals
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American Gold EagleCoins rank among the most widely used bullion coins, both domestically and internationally. One of the longest-running gold series of all time, they are produced by the United States Mint and have been struck since 1986. For nearly two generations, they have been the top option for bullion investors and collectors. Their dominance in the economy and financial portfolios will undoubtedly persist as the years pass.

An Introduction to American Eagle Gold Bullion Coins
The U.S. Mint initially unveiled the American Eagle Gold Bullion Coins in the fall of 1986 as a competitive option to other significant gold bullion coins across the globe. The American Gold Eagle quickly became popular with gold bullion buyers. The stunning Liberty design by Augustus St. Gaudens that was seen on the circulating $20.00 gold coins in the early 1900s was reissued by the U.S. Mint. Since its debut in 1986, the Gold Eagle has been produced in four sizes: one ounce, half-ounce, quarter-ounce, and a tenth-ounce.

American Eagle Gold Coins are easily accessible. Even though some gold coins may be purchased ...
... for less, American Eagles trade at fair premiums. Customers who choose American Eagles recognize a domestic good's appeal and help sustain the high demand for these coins. The American Eagle has the added benefit of being held in a precious metals IRA.

Brief History of American Gold Eagle Coins
In 1792, the first Gold American Eagle coin was produced. Although it had a $10 face value at first, it was also offered as a Quarter Eagle, Half Eagle, and Double Eagle, each of which had a value of $2.50, $5, and $20. The initial Gold American Eagles were produced in 22-karat gold, or British standard crown gold, much like today. Silver and copper were used to make the coin's remainder.

To stop banks from going bankrupt in the early stages of the Great Depression, Franklin D. Roosevelt issued an executive order that led to the discontinuation of the Gold American Eagle in 1933. Since the United States abandoned the gold standard, gold coins have fallen out of favour.

Ronald Reagan approved the Gold Bullion Coin Act in 1985, which permanently altered the precious metals market. Since Congress had been requesting the return of an American gold coin since 1981, the Gold American Eagle was the coin that the mint was most likely to produce when the act was passed. Due to the act, interest in the Gold American Eagle coin among investors and collectors immediately soared.

In 1986, the public could purchase American Eagle coins in both gold and silver. The Gold Eagle coins have been the most traded coin in the US since its introduction. Another factor contributing to its popularity is a legal requirement that the currency be made from gold that was discovered in the United States in order for it to be considered authentically American.

The famous Double Eagle Gold Coin, designed by Augustus Saint-Gaudens, which was in use from 1907 to 1933, served as the model for the 1986-released American Eagle Gold Coin. One of the most stunning and historically significant coins is the Double Eagle.

Gold Eagles honor the original with a classic style and actual 22-karat gold content. A new design keeping the original Double Eagle Gold Coin by Augustus Saint-Gaudens was released in 2021 to commemorate the 35th anniversary of the Gold Eagle program.

Types of Amercian Gold Eagle Coins
It's crucial to understand that there are two sorts of American Gold Eagle coins, each of which comes in four sizes and denominations, before we discuss which Gold Eagle would better suit your goals and finances. Gold Eagles come in both Brilliant Uncirculated and Proof versions. Unlike rare coins, both are acceptable for inclusion in a self-directed IRA (also known as a Gold IRA).

The West Point Mint is where the proof Gold Eagles are produced. They can be purchased directly from the U.S. Mint and include a "W" mint mark. However, many investors buy these specifically to collect coins to sell gold later.

On the other hand, Bullion Gold Eagles are typically exclusively offered at the mint's authorized distributors. They can be purchased singly, in 20-coin tubes, or in "monster boxes" containing 500 coins. The price of the uncirculated coins is slightly higher than the market value of their gold content, in contrast to the collector proofs (i.e. the gold spot price).
Where to buy American Gold Eagle coins
American Gold Eagle coins, both proof and uncirculated, can be directly bought from the US Mint. Prices are typically updated weekly to match the price of gold in London. You can also purchase them from most bullion or coin dealers. In addition, they are quite easy to sell, both domestically and abroad.
Adding the Gold Eagle to your portfolio is a fantastic option because it is adaptable, has a negligible premium over the spot price, and is widely acknowledged as a beneficial investment instrument. It is also simple to understand since, unlike bullion bars, there is a relatively restricted range of possibilities available, and few significantly affect each coin's value. Additionally, its purity and weight are strictly regulated by the US government.
The U.S. Mint lists banks as authorized distributors, although it is getting harder to locate banks with gold coins. Doing business with a 1/4 Gold American Eagle Coins dealer who specializes in the precious metals market is your best option.