Purchasing Gold Coins as an Investment
More and more people from all over the world are investing in precious metals and there are several reasons why many people choose to add gold coins to collection. While the economy continues on an unstable path many people are choosing a more stable investment to put their trust in. Since 2000 the return on a gold investment has been at an average of over 16%. While fiscal cliffs can create a great deal of worry, the value of gold stays strong and continues to increase.
A lot of people new to investing in precious metals have many questions they want answered and many of these questions can be found on the Internet. A few of the most commonly asked questions are: Why should I invest in gold? How do I get started with my investment? How stable is this investment?
Regardless of your initial investment budget there is always a way for everybody to get started with precious metals investing. Any buyer can get started with as little as a few dollars since there is no minimum amount required. You can start by checking for the current value of the coin and then buying the piece either in person or over the Internet.
Buying gold coins is fairly simple and the easiest way to get started is by starting out with a small purchase. You can purchase gold coins at a fraction of an ounce, which are easy to fit into a collection as well as easy to store. Coins are not only going to be easier to store than gold bars but they are also going to be a lot easier to sell. For those investors with a smaller budget, there are some coins that can be had for under $100. Often times a complete collection of coins will fetch you a greater profit than a single coin.
Coins receive their value based on their metal content as well as a collector's item and their value can grow based on the coins appearance. Numismatic or rare coins receive their value based on its rarity and weight. If you are given paperwork on your coin be sure to keep it in a safe spot and also take caution in how you handle your coins because the more damage a coins appearance gets the less valuable the coin will be. Buying gold coins that you are almost certain will appreciate in value over time are great buys.
Investing in Gold Eagles
For those who are considering investing in gold coins, Gold Eagles are a great starting point. These coins are readily available and can be purchased in space saving tubes or individual packaging. It does not take numismatic knowledge to determine the value of these coins or whether they have grown in value or not. They are also not easily counterfeit.
Gold Eagles are the official bullion coin of the United States and legally can only be produced with gold that was mined in the U.S. The Gold Eagle made its debut in 1986 and has a gold composition of 91.67 percent and is 22 karats. The rest of the coin is made up of 3 percent silver and 5.33 percent copper, to provide the coin with strength and prevent it from getting scratches and marring. They are available in the 1/10oz, 1/4oz, 1/2oz, and 1oz size. Gold Eagles are backed by the United States government for their weight and purity, which are measured in troy ounces. Troy ounces is the measurement that is used to price and weigh precious metals.
The legal tender face value for the various sized coins are $5 (1/1 0 oz.), $10 (1/4 oz.), $25 (1/2 oz.), and $50 (1 oz.). The value of Gold Eagles is not based on their face value but rather their precious metal content. The only difference between the various Gold Eagle coins is their size and weight, they all have the same obverse and reverse design.
Gold Eagles position as the official gold bullion coin of the United States is found in the imagery, which refers to family and the American spirit. The obverse design of this coin is a modified version of Augustus Saint-Gaudens Striding Liberty. This design was originally used on the Double Gold Eagle that was minted from 1907 to 1933. The design on the reverse side of the coin was created by Miley Busiek, which features a bald eagle holding an olive branch in his talons, swooping down towards an eagle in a nest with her hatchlings.
Gold Eagles are available for purchase in both uncirculated and proof versions. Proof versions were released earlier to either be archived or to check the dies. You can distinguish a proof coin from other coins due to their sharper design and rim.
Gold Eagles are a great addition to any investment portfolio, whether you are wanting to build a solid portfolio or augment other assets. Gold Eagles are a very liquid asset and do not need to be assayed to determine their purity. They make great portfolio diversifiers because they work opposite of other assets such as stocks and bonds, meaning if one is up in value the other one is likely to be down and vice versa, this creates less risk.
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