American Gold Eagle Coins, authorized by the congress, are undoubtedly a very suitable way for the investors to enclose gold as an element in their respective investment portfolio. They are available in the form of platinum, gold and silver, and were primarily invented in the year 1986. The exclusive design of “Lady Liberty” was carved on it by Augustus Saint-Gaudens and primarily became visible on these coins in 10907. Till the year 1933 this design was continuously visible on these coins.
These coins are made by the mint and sold as proof coinage. This means they have undergone a specialized process, which consists of feeding the coins manually into a press that has been fitted with special dies. They are then struck numerous times with lends a frosted look to them, and causes the images to float. Then inspectors wearing white gloves scrutinize the coins to ensure purity. Then they are put into a capsule that is protected with a plastic seal. Along with a “Certificate of Authenticity”, they are put in a luxurious satin lined velvet case.
The United States Mint has taken the complete responsibility of producing as well as guarantying the weight, content and the purity of these coins. Due to the limited amount of production they rapidly made their way to the collector’s items. They are exclusively available only through the United Stated Mint. Both, the silver and the platinum, coins are made of the size of one ounce. To make sure about the genuineness of these American Gold Eagle coins you should ensure that they have the mark “W” stamped on it, before purchasing them. The reason for marking them as “W” is that they are distinctively manufactured at the West Point United States Mint. As declared by the law, all the American Gold Eagle coins that are termed as uncirculated should be produced in sufficient amounts to match the needs of the public. For all these reasons, the mint has stopped the current production of these coins. Once, it is able to meet the needs of the public the program will be rescheduled.
Originally in 1986, the mint only made and sold silver and gold proof coins. It wasn’t until 1997 that platinum was added to the collection. These coins are called “proof” because they are done by hand. These burnished coins are blank and are fed manually into the presses. American Eagle Gold Proof Coins can be purchased in 1 oz., 1/2 oz., 1/4 oz. and 1/10 oz. The mint also sells sets containing a single coin of each denomination.
American Gold Eagle Coins shows the “Lady Liberty” design on the obverse, and on the reverse it shows a family of eagles. One interesting fact about these coins is that, by law, they must be made using gold that is found in the United States. At any given time, these coins will sell at the same value of the gold market for spot gold.
Roman Numerals were used while engraving the date on the gold eagles between the time periods of 1986 to 1992, whilst Arabic numbers were put to use for the coins minted after 1992. All the coins that were put for production are designed parallel to 1 troy ounce. The only variation would be on the reverse where both, the weight and the face value, of these coins are revealed.
Alan Tennant maintains QualityBullion.com where you find plenty of articles on gold and other precious metals. You can also find excellant prices on krugerrands and plenty of other forms of bullion. Get a totally unique version of this article from our article submission service
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