The American Eagle gold coin is a popular option for investors of precious metals. Depending on your goals, you may want to consider adding it to your own investment portfolio.
One of the key advantages of the coin is that it is approved by the United States government for placement in an Individual Retirement Account (IRA). The coin is available in two versions, bullion and proof, which are described in further detail below. Both can be added to an IRA, which therefore allows investors to combine the tax benefits of a retirement account with all the other benefits of buying gold:
- Growth potential
- Diversification
- Protection of retirement savings
- Hedge against inflation and the declining dollar
- Preservation of wealth and lifestyle
Regardless of your unique financial strategy, the American Eagle coin could be a great option to help you achieve your investment objectives. But first, you’ll want to familiarize yourself with the two versions of the coin and how they differ.
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What To Know About American Eagle Gold Coins
American Eagle Gold Coin – Bullion
The American Eagle bullion coin was first minted in 1986, produced from gold mined in the United States. According to the U.S. Mint, the coin quickly became one of the world’s leading gold bullion investment coins.
The coin features the work of two designers: the full-length figure of Lady Liberty by Augustus Saint-Gaudens on the obverse, and an eagle by sculptor Miley Busiek on the reverse.
Made from gold and small amounts of alloy to resist scratching and marring, the coins have a composition of: 91.67% gold, 3% silver, 5.33% copper.
The coin is offered in 4 different denominations and weights:
➤ 1/10 troy oz coin ($5)
➤ 1/4 troy oz coin ($10)
➤ 1/2 troy oz coin ($25)
➤ 1 troy oz coin ($50)
Keep in mind that the face value of each coin has no relationship to its actual worth. As with all gold bullion, the value is determined by the current market price for gold, based on the coin’s gold content and weight.
The American Eagle gold coin is the only bullion coin whose weight, content and purity are guaranteed by the United States government. Today, it is accepted in major markets around the world and is also the most widely traded bullion coin in America, according to the U.S. Mint.
American Eagle Gold Coin – Proof
The American Eagle proof coin is the collector’s-grade version of the bullion. It is virtually identical to the bullion coin, except that it is minted with extraordinary production standards and an immaculate presentation. As such, it is minted in limited quantities.
The limited production thus adds another factor that determines the value of the coins. In addition to gold content and weight, the value of these coins can also be increased by their overall scarcity and condition. This is why many investors and gold coin collectors choose to invest in both the bullion and proof versions.
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See How The American Gold Eagle Coin Fits Into Your Investment Strategy
Birch Gold Group offers both versions of the American Eagle gold coin and can help you determine if they make sense for your portfolio. Rated A+ by the Better Business Bureau, we also specialize in gold-backed IRAs, as well as other precious metal assets, including silver, platinum and palladium.
