American Gold Eagle Coins are an official United States mint coin. It was first released for circulation in 1986, and came in 4 different denominations. These coins are often special collectibles, and are rarely used as a currency due to their value. The following paragraphs will tell you how to find, buy, and start collecting American Gold Eagle coins.
There are a few types of American Gold Eagle coins that are available. They include: a $5, $10, $25, and a $50. There are some from each denomination per year since 1986. Values are based primarily upon the age, and size. A $5 coin weighs 3.393 grams, which is about the weight of a penny. $10 coins weigh 8.43 grams, $25 coins weigh 16.9 grams, and $50 coins weigh a massive 33.93 grams! These are impressive amounts of pure gold, and their value fluctuates with the gold market values. Its good to know what you are looking for!
Finding an American Gold Eagle coin is a task within itself, they are rare, and very few were in production. You can start by searching the United States Mint online tool, and find dealers that are nearby. Ebay is also an option, but it is more likely that these are counterfeit, or just scams all together. Be careful when purchasing one of these lovely coins, because you don’t want to risk losing everything in a deal gone wrong. Phonebooks may also be of assistance, but your area may not have any listings at all.
If you were successful with locating an American Gold Eagle Coin, you are now ready to purchase it. You should have a minimum of $1,000 set aside, and be prepared to haggle, and do more researching. The value of this coin will greatly fluctuate with time, and the current gold market. Listings on Ebay have gone for well over $900, for a newer coin. The rarer the coin, the more you can expect to shell out. American Gold Eagle coin collecting is not a cheap or thrifty hobby.
At last, you have finished all the necessary steps to purchasing your American Gold Eagle coin! A transaction should be completed by now, and you should own a rare and shiny gold coin. You can safely call yourself an American Gold Eagle Coin collector, and probably start thinking about your next investment. Watch the trends, and prepare to buy another! Or maybe even a few extras!
Closing Comments
It’s important to enjoy your new collecting hobby! Don’t get discouraged if you cannot find one, and be wary of fake replicas!
