Coin collecting has been on the rise in past few years, not only because of people’s general interest in coins but also because of their interest in coin collecting as an investment. There has been a lot of talk about the gold standard and its growing popularity, as well as a mental shift in favor of visually and physically being able to hold your wealth in your hand. Retailers like U.S. Money Reserve have helpful information on buying gold that can be beneficial for first-time buyers. They have helped hundreds of thousands of Americans choose the right bullion coins for their portfolio and the right commemorative coins for their family’s collection.
“The Gold American Eagle Coin is one of the world’s most popular gold bullion coins,” says U.S. Money Reserve. “Authorized legal tender by the U.S. Congress, every 22-karat Gold American Eagle Coin is made from solid gold mined here in America and guaranteed by the U.S. government for its gold content, weight and purity.”
U.S. Money Reserve goes on to explain that Gold American Eagle Coins, like the 1/10oz coin of $5 denomination, is an affordable gold standard of wealth protection recognized by financial markets worldwide and an essential addition to any well-diversified portfolio.
First released in America in 1986 by the United States Mint, the $5 Gold American Eagle Coin is 22-karat gold. It is produced by the West Point Mint in West Point, New York. Though as a commodity the $5 Gold American Eagle has not been around for a long time, it is still favored by coin collectors and investors, along with the Krugerrand from South Africa. As with all gold coins, the market price for the coin fluctuates according to the market value of gold, but the value can also increase over time.
#gold has been fairly steady this morning as the #dollar slowly tries to recover. Spot gold flat at $1,346.92 an ounce. Last week, gold heated up with its largest weekly gain in 5 months due to concerns over #inflation. https://t.co/QwMQO2aV1z pic.twitter.com/mUESXicptU
— US Money Reserve (@USMoneyReserve) February 19, 2018
The $5 Gold American Eagle has worth not only as a currency but also as a work of art. On the front, it features a stunning interpretation of the image of Lady Liberty by Augustus Saint-Gaudens, and on the reverse, it features three American bald eagles. The reverse image is what gives the coin its name. The symbolism on the coin is distinctly American and very patriotic, as it carries the ideals of the United States Constitution and the hopes held for the entire nation.
August Saint-Gaudens was born in Ireland but immigrated to America with his parents before turning a year old. As a sculptor, he completed many works, particularly representing the American Civil War. These include well-known pieces such as his Standing Lincoln in Lincoln Park and the Adams Memorial, which he co-commissioned alongside Stanford White. Later in his life, he took an interest in coinage and designed the highly thought of and sought-after $20 Gold Double Eagle Coin that was minted in the United States between 1905 and 1907.
Miley Tucker-Frost, also an American sculptor and the designer of the reverse side of this coin, has stated, “Having my design on the nation’s gold coinage has been a tremendous honor.” She was inspired to create the concept design for the coin after watching Ronald Reagan’s acceptance speech in 1980, after which she created a memorial sculpture of the eagles. After President Reagan’s ban on imports from South Africa because of the country’s apartheid government and racial discrimination, the Krugerrand was no longer available to be sold in America. This, in turn, gave rise to the demand for the creation of a bullion coin closer to home, so the Gold American Eagle was introduced. Given its history and inspiration, the Gold American Eagle is well-suited to be a coin representing America.
The Gold American Eagle Coin comes in four different weights, measured in troy ounces. These are the 1/10 troy oz., the 1/4 troy oz., the 1/2 troy oz., and the 1 troy oz. coins. Compositionally, the coin is made up of just under 92% 22-karat gold, a rather high value, with the remainder of the coin’s metal contents being 3% silver and a little over 5% copper. The 1/10 oz. coin is exactly 16.5 mm in diameter and is the one that has a $5 denomination. At 22 mm in diameter, the 1/4 oz. coin is slightly larger, with a $10 denomination. The 1/2 oz. coin has a diameter of 27 mm and a denomination of $25. The 1 oz. coin is the largest of the four, with a denomination of $50, and is certainly the most beautiful coin because of the increased detail that can be made out on its surface owing to its 32.7 mm diameter. Note that the prices of these coins are subject to change as because markets may vary.
It is highly recommended that first-time buyers, or those still new to purchasing gold, do extensive research on the handling and preservation of these valued items. No abrasive fluids should be used to clean coins, and handling should be kept to a minimum to ensure that the coins don’t become tarnished with time. Joining a collector’s group or organization can be useful in growing your body of knowledge pertaining to the correct handling and care of precious coins. Many specialists exist to help you mount coins similarly to medallions, so that the coins can be viewed and appreciated by you or your visitors without being handled. Find out which coin societies exist in your city or region to expand your knowledge of the world of coins. A passion shared is a passion doubled.
The history and the national significance of the $5 Gold American Eagle Coin help illustrate that it is a treasured asset, both monetarily and artistically, and make it clear why this coin in particular is one of the most sought-after bullion items. Coins are available to order while stocks last, so make sure that you order yours today—don’t miss out on this exquisite national collectible.