The American Gold Eagle coin is one of the coins that is officially produced by the United States mint. These coins are considered some of the highest quality in the industry and many investors seek them out as a medium of investment. The American Gold Eagle coin is produced with gold that is mined in the United States and have been in production since 1986.
Gold Eagle Coin Basics
Not all American Gold Eagle coins are the same. While they are all made out of gold, the purity and composition of the coins differs. The denomination listed on the outside of the going is not necessarily the same as the market value. In fact, the market value of the coins is much greater than the face value. Gold Eagle coins are made out of 22 karat gold or 91.67 percent gold. They have some silver and copper on the outside to produce a slightly harder coin that can stand up to wear and tear. They come in $5, $10, $25 and $50 coins. The sizes of the coins are 1/10 ounce, 1/4 ounce, 1/2 ounce and 1 ounce. Although these items have face values, their actual market values are affected by the spot price of gold. The spot price of gold refers to the market cost of a troy ounce of gold. For example, if you have a 1 ounce coin, the spot price of gold would be equal to the value of your coin.
Why Invest in Gold Eagle Coins?
In today’s uncertain economy, many investors are turning to American Gold Eagle coins. Gold bullion has always been considered a safe haven for investors. Gold has been a medium of exchange for centuries and always has some kind of value. While the value of the dollar continues to be eroded by inflation, the value of gold is independent of inflation. The value of gold actually tends to increase with inflation. This makes it possible for the average investor to protect the value of his money by putting it into gold coins.
Many people are also afraid that the financial system could eventually collapse. With the major problems in the markets since 2008, many feel that problems could be on the horizon. If something were to happen, gold coins such as these could be used as a medium of exchange. Regardless of what economic system is turned to in the future, gold will still have value. It could potentially be traded for units of any currency.
Should You Invest?
Whether you foresee problems in the economy or you are simply looking for a good investment, American Gold Eagle coins are something for you to consider buying. The price of gold continues to rise and investors continue to buy it. As an investor, now is a good time to get in on these coins while they are still affordable.