American Gold Coins

The American Gold eagles were introduced in 1986 as direct competition to Krugerrand coins and were available in the same weights and value of coins such as the one ounce, half ounce, tenth ounce and finally quarter ounce (however the quarter ounce was not available until 1987). While Krugerrands are one of the least attractive of the gold coins, the American eagle is probably one of the most attractive gold coins.

The American eagle is a 22ct gold coin which as detailed above comes in four sizes. The front of each coin depicts a graceful striding Liberty design which was inspired by the original design of the $20 Double-Eagle gold coins minted from 1907-1933. The reverse of the gold coin depicts a nest of American eagles, which is a symbolic sign of American family values and traditions.

Gold coins are a popular way to save and even though more gold is still being mined the price remains high for this rare and precious metal. If you gathered all the gold ever mined in the world you would fit into a block of gold which measures 20 yards on each side, so the value of coins made from gold will always remain high and increase as the demand for gold increases the so the value of gold coins will increase.

The only version of the American gold eagle available from the US mint is the proof version of the coin, if you require a normal gold eagle then you will have to go to a coin dealer or buy from the internet.

If you would like a 24ct American gold coin then you want a Buffalo, these coins first became available in 2006 and were only available in a one ounce size, so were one of the more expensive gold coins to collect. The US mint indicated it might start producing fractional sizes of the gold coin and in 2008 the normal fractional sizes of half, quarter and tenth ounce gold coins became available. The design of the Buffalo has on one side James Earie Fraser’s design of an Indian head and on the other side is an American bison or buffalo hence the name for the coin.

The gold coin was introduced to compete with other countries 24ct gold coins as the eagle is only 22ct and the sale of 24ct gold coins makes up for about 60 per cent of all gold sales in a year. In 2008 the US treasury announced a temporary halt to producing 24ct gold buffalo coins as it could not keep up with demand of people investing in gold coins during the current economic climate which had an effect on the gold price and so affected the value of the coins.

If you want to collect rare gold coins such as the pre 1933 gold coins produced in America then you will probably have to purchase the coins from a coin dealer. The price of these gold coins will depend on the quality of the coin and how rare it is, the value of the coins differ greatly and this is due to the availability of the coins ie more were produced in some years than others and the quality of the coin ie the condition of the coin, the better condition then the value of the coins increases.

As well as buying the gold coins from coin dealers or the US mint you can also purchase the gold coins from sellers on the internet, such as eBay. If you do purchase coins over the internet you will have to take care not to buy forgeries or replica coins. The best way is to check on the seller’s feedback and if it’s all ok then it should be safe to buy from them.

Filed Under Coin Collecting, Gold Coins | 1 Comment

Tagged With american gold coins, gold buffalo, Gold Coins, gold eagle, rare gold coins

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One Response to “American Gold Coins”

Coins sell | Gold Scrap Biz on December 14th, 2009 5:31 pm

[...] American Gold Coins | GoldUponThe American Gold eagles were introduced in 1986 as direct competition to Krugerrand coins and were available in the same weights and value of coins such as the. read more… [...]

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