Thursday, July 15, 2010

The American Gold Eagle Coin

Here is a bit of history and interesting facts about the American Gold Eagle Coins by the U.S. Mint. There are two noteworthy facts which are:
1) You can purchase Gold Eagles for your IRA account.
2) American Eagle Bullion Coins are accepted in major investment markets worldwide. That is an important factor as you can travel to different countries and have the ability to exchange your American Eagle for the countries currency if needed.

 American Eagle Gold Bullion Coins

Authorized by the Bullion Coin Act of 1985, American Eagle Gold Bullion Coins quickly became one of the world's leading gold bullion investment coins.  Produced from gold mined in the United States, American Eagles are imprinted with their gold content and legal tender "face" value.  An American Eagle's value is based on the market price of its metal content, plus a small premium to cover coinage and distribution.
American Eagles use the durable 22 karat standard established for gold circulating coinage over 350 years ago.  They contain their stated amount of pure gold, plus small amounts of alloy.  This creates harder coins that resist scratching and marring, which can diminish resale value.
Minted to exacting standards, the obverse (front) design is inspired by what's often considered one of America's most beautiful coins:  Augustus Saint-Gaudens' celebrated $20 gold piece, minted from 1907-1933.  The reverse design, by sculptor Miley Busiek, features a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings.

Government Guarantee
What truly sets American Eagles apart is that they are the only bullion coins whose weight, content and purity are guaranteed by the United States Government.  Investors can buy them with confidence, knowing the coins contain their stated amount of gold.  In addition, long-term savers can include American Eagles in their Individual Retirement Accounts (IRAs).

Investing in Gold
Ever since its discovery 5,000 years ago, gold has been treasured for its unmatched luster, beauty and intrinsic value. Today, gold continues to enjoy widespread appeal as an investment and storehouse of value.  Gold is an internationally recognized monetary and financial asset held in reserve by major governments.  It is so rare that all the gold ever mined could fit into a cube measuring just 20 yards on each side.  Most importantly, gold can play a role in diversifying an investment portfolio, since it can move independently of stocks and bonds.  What's more, gold is a tangible asset - one whose beauty and artistry you can literally hold in your hands. When purchased in the form of legal tender bullion coins, gold can be affordable, as well as easy to buy and store.  Americans purchase more American Eagle Gold Bullion Coins than any other gold coin.  Produced by the United States Mint, Department of the Treasury, these coins are available in four denominations.

Easy to Buy and Sell
An important measure of any investment is its liquidity:  How easy is it to resell?  United States Government backing means that like the dollar, American Eagle Bullion Coins are accepted in major investment markets worldwide.  They are also the most widely traded bullion coins in America, affording investors narrow spreads between buy and sell prices.
It's easy to track the value of American Eagle Bullion Coins.  Most major newspapers report the daily price of gold.  An American Eagle's value is based on the market price of its metal content, plus a small premium to cover coinage and distribution costs.
You can purchase American Eagle Gold Bullion Coins from most major coin and precious metals dealers, as well as brokerage houses and participating banks.  They are minted in four weights - 1/10, 1/4, 1/2 and 1 ounce - to fit a variety of budgets.


A collectible proof version of the American Eagle Gold Bullion Coin is available directly from the United States Mint.

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