Few investments are as popular as American Gold Eagle coins. Their beauty, trustworthiness and liquidity make them a sought-after option among investors of all stripes.
Similar to rare coins, bullion versions of the American Eagle may qualify for inclusion in self-directed individual retirement accounts (IRAs). You just need to know where you can find fair prices.
1. They are minted in the United States
The American Gold Eagle coin is an attractive investment option among gold investors. Minted in the United States and boasting high purity levels, these coins can also serve as legal tender. Available in different sizes and sold at premiums above their gold value – making the American Gold Eagle coin an appealing option among gold investors.
These coins were first produced after Congress approved them under the Gold Bullion Coin Act in 1986. As official gold bullion coins of the US, their face value is determined by Congress; making them an appealing investment option due to their recognized value and proven track record.
The obverse of this coin features Augustus Saint-Gaudens’ full-length figure of Liberty on one side and family of bald eagles as a representation of American strength and sovereignty on the other. Crafted of 22-karat gold with small amounts of alloy added for strength and hardness, each coin comes packaged in protective plastic flips to preserve their pristine condition.
2. They are legal tender
American Gold Eagle coins are legal tender and backed by the United States government, making them easy to purchase or sell at any time. Furthermore, these popular bullion coins enjoy high demand; often sold at premiums that exceed their gold value! Known globally and recognized worldwide.
These coins may also provide potential tax benefits when held within an Individual Retirement Account (IRA). It is important to remember, however, that they do not produce significant investment returns over extended periods.
Shop around for the fairest price, but avoid unrealistic offers that seem too good to be true – these could easily turn out to be scams and cause you to lose your money or have it taken outright from you. Instead, seek dealers who provide prices that reflect both their coin cost and any profit margin included by them.
3. They are easy to buy
The American Gold Eagle coin is a top choice among investors and collectors, as its easy trading allows you to keep pace with spot price of gold. Furthermore, they’re an effective way to diversify your portfolio against economic uncertainties while protecting it against sudden swings.
When purchasing American Gold Eagle coins, search for dealers offering fair pricing. Some dealers charge a premium over spot price to cover distribution and mintage expenses; the premium may differ depending on which coin it is; premiums tend to be higher on collectible and “proof” editions of this coin series.
The 1 oz Gold Eagle is the most widely held investment coin and makes an excellent asset to hold within self-directed Individual Retirement Accounts (IRA). However, be wary of dealers offering “proof” versions as these may often be overpriced and won’t perform as effectively over time as its standard bullion version would do.
4. They are a good investment
American Eagle coins provide investors with an ideal means of diversifying and balancing their portfolios with physical gold, while meeting strict quality standards set forth by the U.S. Mint. Additionally, these bullion coins often trade near spot price which makes them highly sought-after investment options for gold bullion coin investors.
Gold Eagle investments are both accessible and straightforward due to the coins’ wide availability in four sizes: one ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce. Of the four bullion coin sizes available today, investing in Gold Eagles may be easiest; their coins come in one, 1/2, 1/4 and 1/10 ounce coins – the latter of which may be less costly from an out-of-pocket perspective, yet contain less actual gold content per gram than their more costly counterparts.
When shopping for Gold Eagles, be sure to select a dealer with an excellent reputation and strong customer reviews. Furthermore, avoid dealers advertising prices below the spot price of gold as this could indicate fraud or counterfeiting activity.