How to buy and collect American Gold Eagle Coins
American Gold Eagle Coins are an official United States mint coin. It was first released for circulation in 1986, and came in 4 different denominations. These coins are often special collectibles, and are rarely used as a currency due to their value. The following paragraphs will tell you how to find, buy, and start collecting American Gold Eagle coins.
1 troy ounce of gold is what creates the $50 coin. In fact, it’s a bit more than that, weighing around 1.09 troy ounces. Troy ounces are the way that metals are weighed, and even though one ounce is technically pretty light, that’s still a large chunk of gold. Even the lesser money tenders have pretty high quality weights. The $25 piece weighs around 17 grams! It is important to know what coin you want to start collecting first, so you can make the proper arrangements in finding it.
Finding an American Gold Eagle coin is a task within itself, they are rare, and very few were in production. You can start by searching the United States Mint online tool, and find dealers that are nearby. Ebay is also an option, but it is more likely that these are counterfeit, or just scams all together. Be careful when purchasing one of these lovely coins, because you don’t want to risk losing everything in a deal gone wrong. Phonebooks may also be of assistance, but your area may not have any listings at all.
If you were successful with locating an American Gold Eagle Coin, you are now ready to purchase it. You should have a minimum of $1,000 set aside, and be prepared to haggle, and do more researching. The value of this coin will greatly fluctuate with time, and the current gold market. Listings on Ebay have gone for well over $900, for a newer coin. The rarer the coin, the more you can expect to shell out. American Gold Eagle coin collecting is not a cheap or thrifty hobby.
After all the hard researching, and more researching, you should have purchased a coin by now. If you have, congratulations! You are now part of the elite group of rare American Gold Eagle coin collectors. In time your coin will increase in value, but it may also possibly decrease. You can start evaluating market trends, and find a low point in the gold market. Purchase what you can then, so that when it goes back up you are able to sell, or keep them if you want.
Closing Comments
If you love collecting these coins, be sure to treat them with care. Clean them, and keep them safe. Never get down if you cannot find a good place to purchase one, and always do plenty of research! Even seasoned collectors can make mistakes.
