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American Gold Eagle Coin - Collect for value or hobby the american gold eagle coin

coins united weight bullion

The American Gold Eagle Coin is a favorite among investors and coin collectors. Each coin contains 91.6% gold (22 karat), 3% silver, and 5.33% copper. It is an official gold bullion coin of the United States, in recognition of its quality.

The Gold Bullion Coin Act of 1985 helped the American Gold Eagle coin to become one of the leading gold bullion coins throughout the world. This act was signed by Ronald Reagan in 1985. It stated that all gold used in minting these coins would be from “newly mined domestic sources”. It began its life as an idea presented by Congressman Ron Paul. It has become one of the most popular coins in the world.

American Eagle Gold Bullion Coins are offered in 1/10 oz, ¼ ox, ½ ox, and 1 oz denominations, and they are guaranteed to contain the stated amount of actual gold weight in troy ounces. One troy ounce is equivalent to 31.1034768 grams
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Twenty-two karats has long been the crown gold English and American standard for gold coins. It is authorized by the United States Congress, and it is backed by the United States Mint for weight and content.

The front design of the coin is Augustus Saint-Gaudin’s artistic rendition of the full length figure of the Lady Liberty with flowing hair, an olive branch in her left hand, and a torch on her right. The back side of the coin is by sculptor Miley Busiek. It features a male eagle, carrying an olive branch, flying above a nest containing a female eagle and her hatchlings.

Face values of the American eagle gold coins are in proportion to the weights. The face value’s are not the same as the intrinsic values of the gold coin, determined by troy weight and the current precious metal price. For instance, a $10 coin by face value may be worth more than $325 USD. Some face values of coins include $5, $10, $25, $50 coins.

For coin collectors, the United States Mint produces a proof version. In 2006, the United States Mint added the American Eagle Uncirculated Coins. These coins undergo a special minting process. It begins by manually feeding the coin blanks into presses fitted with special dies. The coin is then struck multiple times to create the detailed images. After scrutiny by inspectors, the coins are sealed in a plastic capsule and mounted in a satin-lined velvet presentation case, with its own official certificate of authenticity. A coin created by such a process is then packaged in a custom-designed portfolio presentation case. Each coin’s content, weight, and purity is guaranteed by the United States government.

Over 13 million one-ounce coins have been minted and distributed since 1986. In 2009, 1,493,000 were produced. These coins are legal tender, thus payment is set by law. American Gold Eagle coins minted in 1986-1991 are dated with Roman numerals. In 1992, the United States Mint switched to Arabic numbers.

American Eagle Gold coins can thus be evaluated as an opportunity of value for investors and coin collectors.

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