U.S. Gold bullion coins are some of the most desirable coins in the world for those who wish to enjoy the many benefits that this precious yellow metal can offer to a financial portfolio. Diversifying one’s investments is the best way to remain financially viable in today’s rambunctious economic conditions, and gold has long had a reputation for being a steadfast store of value.
The most widely utilized vehicle for gold investing is the lustrous coin. These highly desirable tokens offer convenience and beauty in one cohesive package. There are many gold bullion coins that come from various countries all over the world, but some of the most sought after are U.S. like the legendary American Eagle.
Authorized by Congress in 1985, and first minted a year later in 1986, these coins provided a wonderful opportunity for America’s citizens to invest in the country’s gold in increments that were comfortable. These exciting coins were offered in 1/10 oz., ¼ oz., ½ oz., and 1 oz. Sizes. To this day, those four sizes remain the standard. Having a diverse range of weights allows anyone to invest in gold at a rate that fits into their budget. Buying even just one 1/10 oz. coin when it is financially viable is a great way to accrue an excellent gold savings portfolio over time.
The Gold American Eagle’s gold content, purity, and weight are guaranteed by the U.S. Government, making it an investment-grade coin that can be trusted. It is 22 karat gold, which means that it is 22 parts pure gold out of 24, with the other 2 parts being an alloy blend (usually copper and/or silver). Because gold is a soft, easily damaged metal, this addition helps to protect the coin and prevents it from aging poorly.
American Eagle gold coins are highly liquid. If you need some quick cash, they can be easily sold to virtually any dealer in the world. These coins do have a face value, and could technically be spent as such, however this would be an incredibly foolish decision, as the intrinsic gold value is worth much, much more than the face value ($5, $10, $25, and $50 respectively).
The price of the American Eagle varies, according to the spot gold price at the time. You can expect to pay slightly more than the gold price, due to the mint and dealer premiums. This is standard practice and you will not be able to find it for cheaper elsewhere. If you find gold coins for equal to or less than spot price, you should seriously question why. It is possible to get a reduced price by purchasing in bulk, but you will still always pay at least a little bit over spot price.