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Thursday, December 3, 2009

Some Advice About Buying Gold Eagles

By Franklin Kelly

If you want to start collecting gold coins, you might not even know where to start amongst the many that exist. There are so many gold products out there, from the British Gold Sovereign to the many number of modern coins that you can pick up through dealers, that it's difficult to find out which ones are the best to get.

The highest value of these coins is not monetary, it is in the exquisite design details. The front of the coin features Augustus Saint-Gaudens' gorgeous depiction of Lady Liberty against the capitol buildings in the background. The back of the coin depicts an impressive, soaring Eagle above a nest inscribed with the standard "E Pluribus Unum" and "In God We Trust". And of course there is the value due to the weight in gold.

Since there are so many sizes to choose from, amateur collectors and investors can really benefit from collecting golden eagle coins. There are 1/10 oz, 1/4 oz, 1/2 oz and 1 oz versions of this eagle coin. If you are unsure about the value of a gold item, it may be reassuring to know that gold eagle coins often sell for more than the current gold price. The coins can sell for about $1,000, if gold is valued at $950. You can even look around online auction services to find great 1/10 ounce gold coins that are worth more than a hundred dollars. The spot price value for these types of coins are usually $95.

It would be very easy to just talk about it as a piece of gold, but its value as a collectible and a particular product is also very important. In the case of gold eagle coins, it's the backing of the American Government that investors are concerned with.

Purchasing any collectible has an element of risk, but the safest bets are available from the larger, more reputable companies established within the USA Government involvement provides a certain guarantee of a quality product. Because of this, golden Eagle coins may be the safest and best item for new collectors.


And because they are backed by the United States government, investors can be sure that tremendous care has been put into it's beautiful design and detailed imagery. This makes the American Eagle coin popular with coin collectors around the world. There are even silver and platinum versions if you do not find Gold Eagle coins to be the right coins for you. Any of these quality items would make great additions to your collection or portfolio. - 23159

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