One of the most beautiful gold coins in the United States today is the Gold American Eagle coin. It has a dramtic obverse showing Lady Liberty with her flowing robes hold the Torch of Liberty. The current design of Lady Liberty is a rendition of Augustus Saint-Gaudens original design. The reverse shows an male eagle with an olive branch landing on nest with female eagle and her hatchlings. With a face value of $50, this gold coin is typically collected for it’s metal value and as a store of long term wealth.
The coin itself is NOT 0.9999 (99.99%) pure gold, it’s 91.67% (22 karat) gold with 5.33% copper and 3% silver. It comes in 1⁄10 oz, 1⁄4 oz, 1⁄2 oz, and 1 troy oz weights. The value of these coins will fluctuate based on the current gold trading price. The price of gold in late September 2020 is approximatively $1,900 per oz.
Where to Buy Gold American Eagles
There are two ways to buy Gold American Eagles. You can purchase them directly from a coin/metals dealer or you can purchase them online from a reputable store. You will be paying a ‘spread’ cost to purchase the coins as the dealers and stores need to adjust for the market price swings.
Under normal market conditions, you might pay $50 over spot to purchase a 1 oz coin. Likewise you might be able to sell a coin for $50 under spot prices for a 1 oz gold coin. Under volatile market conditions like we are experiencing now, it could be as high as $100 over or under spot price of Gold.
A search of Amazon for American Gold Eagle coins gets you a nice list at current retail prices.
Gold Eagles for you Retirement Accounts
American Gold Eagle Bullion one of approved precious metals for Individual Retirement Accounts (IRA’s).