American Gold Eagle Coins 1 Oz

American Gold Eagle Coins 1 Oz

The US government specifies the actual gold content of the coins.

The specifications for the minted gold coins is backed by United States Congress and the United States Mint ensuring that the coins are 22 karat which is the English standard for gold coins.

Although the face value of the coins is $ 50, $ 25, $ 10 and $ 5 there actual value is base on the price that the gold is worth at the time.

The gold that is contained in the American gold eagle coins has to be sourced from mines in the United States and every coin has the full weight of gold that is stated, to make the coins more durable silver and copper is added.

American gold eagle coins are America’s only officially recognized gold bullion coins of investment grade gold guaranteed by the United States government.

The real measure of any investment is it’s ability to be converted into cash and the  American gold eagle coins are able to be sold world wide at  many dealers.

In time of financial instability gold is seen as a safe haven, with many investment in stocks and  shares you can lose everything, but gold always retains a value.

The price of gold does fluctuate and this should be considered as with any investment you could lose money, however if you think that the economy is going to remain in difficulty for some time then you should have some money invested in  American gold eagle coins.  

The American eagle gold coin is officially American gold bullion currency the face value bears no relation to the coins actual worth that is determined by the value of gold on the spot market at the time currently the price of a 1 oz  American eagle gold coin is in the region of $ 1100 the price fluctuates as the value of  gold increases or decreases.

The 1 oz American eagle gold coin weights 1.0909 troy oz, has a diameter of 32.7mm, and is 2.24 thick.

Dan Marks

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Krugerrand Gold Coins – 10 Fun Facts

Krugerrand Gold Coins – 10 Fun Facts

In my earlier piece, entitled, “Krugerrand Gold Coins – The First Contemporary Gold Bullion Coins,” I discussed the basic background and additional over-all information about the Krugerrand Gold Coin. In this particular follow-up piece, I am going to provide you with ten fascinating facts or tidbits about the Krugerrand, which in turn you might use to enlighten your fellow gold enthusiasts!

1. The Krugerrand has a distinct reddish-copper color, unlike other modern gold bullion coins. This is due to its high copper content of 8.33%.

2. Look at the reverse side of other modern gold coins such as the Canadian Maple Leaf and the American Gold Eagle. Now take a peek at the back of the gold Krugerrand. Notice anything different? The Krugerrand bears no currency denomination. The value of the coin is the value of its gold content.

3. The name of the coin – Krugerrand – is actually an amalgam or combination of the words “Kruger,” which is the last name of the 5th President of the South Africa republic, Stephanus Jonannes Paulus Kruger, and “Rand,” which is the name of the currency of South Africa.

4. The animal that is featured on the reverse side of the coin is a leaping springbok (antelope). The springbok is South Africa’s national animal.

5. The coin is also minted in a proof edition. If you count the serrations on the edge of the coin, you’ll find that the bullion version has 180. Now count the proof serrations. That version has 220!

6. I’ll bet you didn’t know that the word “Krugerrand” is actually a registered trademark of the Rand Refinery!

7. Most modern gold bullion coins also have a silver edition. Not so with the Krugerrand. Why so? Because

8. Even though gold Krugerrands have been minted since 1967, it has only been legal for Americans to own them since 1975. This is because of the prohibition on gold ownership issued by President Roosevelt in 1933 that was in force until that time.

9. The importation of the coin was banned in 1984 by Congress and President Ronald Reagandue to apartheid and boycott of South Africa. The boycott was lifted in 1994.

10. The word “Krugerrand” is often misspelled as “Kruggerand!”

I hope you enjoyed learning a little trivia about Krugerrand gold coins. In my next article, I will look at the advantages of buying Krugerrands over other modern gold bullion coins!

Christina Goldman has been collecting and investing in silver and gold bullion since 1999. She believes that everyone should invest at least ten percent of their savings in either gold or silver, for diversification, wealth preservation and currency protection.

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