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People looking to buy physical gold for investment will want to know what are American Eagle gold coins? The first things to know are that the United States Mint is the leading supplier of 22-karat gold coins. In the Bullion Coin Act of 1985 Congress authorized the production of the coins. Their face value is 50 dollars and market price determines their actual value. The coins are sold based on the current market price, plus a small premium to cover the costs incurred by the Mint. However, dealers might offer them for sale at a different price.

About The American Eagle Gold Coin’s Design

The design is the same as that which was on a coin previously issued by the mint, but which became unavailable in 1933.. The designer was Augustus Saint-Gaudens who drafted an image of Liberty carrying a torch and holding an olive branch in either hand. A nest of eagles is featured on the other side of the coin. American Eagle gold coins are sold in four weights of which the largest is one troy oz..

The Mint Sells Uncirculated Bullion coin Editions Too

The Proof coins are available in weights of one troy ounce and in three variations of an oz. They are also available in a set containing one bullion coin of each variation.The uncirculated bullion coins are only minted in the one oz weight. Both types use a particular manufacturing method that is more labor intensive. Each coin is sealed and mounted in a case. Both types come with a Certificate Of Authenticity. Both bullion coin types have a set price, are limited by amount available and may be purchased directly from the Mint.

Reasons For The Developing Interest In Gold As An Investment

Banks seem to be built on quicksand and the dollar is nosediving. Is it any wonder people are looking for a secure haven for their cash?. The value of cash is something they are unable to manipulate however, in the same way as they can if they own an asset that can hold its value with the passage of time or even the potential of an increase in value in the future. Gold is one asset type that fits this description..Folk are also aware that in the past, economies operated on a gold standard monetary system.. The situation was more stable when it was based on the Gold Standard.. Many believe that we should return to this type of gold backed monetary system.. Many investors are worried about an outbreak of inflation brought about by the printing of cash by governments in response to the Great Recession and seek to hedge their risk with gold. Others,, knowing that gold will increase in value because it is becoming more difficult to mine and find. Others believe that the value of gold will grow as it is getting harder to find and extract from the ground. At a London conference it was revealed by the President of Barrick, a leading gold miner, that global gold production is falling as there is less gold available.. This was published in the Daily Telegraph newspaper on November 13 2009.. Worldwide production has declined by about 1 million ounces per annum since the beginning of this century; and that the total supply has dropped by 10 percent. Erosion in ore quality is a factor as well. Whatever the reason, the Mint has had to suspend sales of its coins due to its diminishing inventory.

Numistatists Should Be Aware Of The Difference Between The American Buffalo Gold Bullion coin And The American Eagle Gold Bullion coin

The American Eagle dominated the gold bullion coin market when it was launched. As estimated by a Mint spokesperson, 60% of the worldwide gold bullion coin market is dominated by 24 carat gold coins, with 22 carat bullion coins making up the rest. Due to the world gold bullion coin market being tilted towards 24 carat coins, and as the U.S had nothing to offer this market, Congress endorsed the mintage of the 24 carat American Buffalo coins. These were added to the 22 carat coins in the Mint’s stable of precious metal bullion coin offerings in 2005. These were finally released to the market in 2006. Even though gold bullion coins have not been in circulation since 1933, features favorable to circulation have been reflected in the metal constitution of gold coins produced by the Mint.

You can read more about American Gold Eagle Coins or even Buy American Gold Eagle Coins through The Precious Metal Shop.