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Sunday, October 11, 2009

The Attraction Of American Gold Eagles

By James Stevenson

For collectors and others who choose to invest in gold, the American Gold Eagle coin is a great way to add value to your portfolio. First released back in the 1980s, it's the official gold bullion coin. There are four different coins that are offered, the one tenth oz, one quarter oz, half oz, and the 1 oz coins. Each has a different amount of gold weight and is offered to the public to purchase.

Gold that is used in the the American Gold Eagle coin must come from United States soil, and also added into the mixture are copper and silver that will help the coin more durable and wear-resistant. 22 karat gold is used to make these beautiful coins.

The reverse side that displays the American Gold Eagle shows a male bird flying while holding an olive branch. He is flying over a nest containing a female Gold Eagle with her hatchlings. The design was created by Miley Busiek. While the opposite side of the coin is a design by Augustus Saint-Gaudens', showing Lady Liberty. The picture is one with Lady Liberty holding an olive branch in one hand, while in the other is a torch.

Values of these American Gold Eagle coins will be based on the value that cold is currently at, and depending on the content of gold in each coin. Back in April 2009 the values ranged from $130 for the $5 coin, all the way up to $1,000 for the $50 face value coin.

These coins will normally be produced in the West Point Mint located in West Point, New York. The coins are made of 91. 67% American gold at 22 karats, 3% silver, and 5. 33% copper. Price depends on content of gold not face value.

Measurements for each coin are as follows, the one tenth troy ounce coin will measure 16. 50 mm diameter, and have a thickness of 1. 19 mm, and weigh 3. 393 grams. While a quarter troy ounce coins is going to weigh 8. 483 grams, measure 22 mm in diameter and be 1. 83 mm thick. Half troy ounce coins will be 2. 24 mm thick, measure 27 mm in diameter and weigh16. 965 grams. And the last American Gold Eagle coin is the one troy ounce that measures 32. 70 for diameter, is 2. 24 mm thick, and will weigh 33. 93 grams.

Investing in highly-regarded American Gold Eagle Coins are a great idea if you are considering adding physical gold to your portfolio. Also, as a consideration to future generations, you can always pass them down to your kids as they get older. - 23199

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