Buy American Gold Eagles Online from CBMint
The American Gold Eagle
The American Gold Eagle is a gold bullion coin first produced by the US Mint in 1986 in four different denominations, each of which is legal tender in the United States and carries a nominal face value. The 1 Ounce Gold Eagle is by far the most commonly-purchased size among investors who buy gold coins online, but the 1/2 Ounce Gold Eagle, 1/4 Ounce Gold Eagle, and 1/10 Ounce Gold Eagle all enjoy considerable popularity.
Although the Gold Eagle appeared a little later than some government-issued gold bullion coins, such as the Gold Krugerrand or Canadian Gold Maple Leaf, the US Gold Eagle has nevertheless become has become one of the most iconic of all bullion coins among investors who buy gold bullion coins online. Authorized by the 1985 Gold Bullion Coin Act, every Gold Eagle coin is fully backed by the US government for authenticity, quality, and gold content. CBMint only sources American Gold Eagles direct from the United States Mint and its distributors, ensuring that nothing but high quality and authentic gold bullion coins reach our customers.
Note: The American Gold Eagle is not to be confused with the $10 US Gold Eagle, a gold coin used in circulation until 1933.
Design of the American Gold Eagle
Obverse: The design on the front displays Augustus Saint-Gaudens' famous figure of Lady Liberty with flowing hair, holding an olive branch in her left hand, as well as a torch in her right. The US Capitol building appears in the left background. This highly-acclaimed design was originally used on $20 Gold Double Eagles, minted from 1907 until 1933. The date of manufacture is also shown on the obverse.
Reverse: Sculptor Miley Busiek designed the back, featuring a male eagle carrying an olive branch, flying above a nest that contains a female eagle and hatchlings. Standard US coinage mottos, purity, and face value are also depicted on this side.
All denominations of American Gold Eagle share the save overall design, with the exception of the face value and weight, stated in troy ounces of gold (or a fraction thereof).
Investing in Gold Eagles
American Gold Eagles get their worth not from their face value, but from the melt value of gold contained in each gold bullion coin. Indeed, given the high spot prices of gold, the melt value of gold in each piece far exceeds the nominal face value. Instead, the face value is applied to indicate that each piece is legal tender in the United States, and is, therefore, fully backed by the US Mint for authenticity and quality. Online stores like CBMint are the best places to buy Gold Eagle coins online -- the security that comes with buying Gold Eagles online has prompted many investors, even those who used to concentrate on buying gold bullion bars, to switch to investing in Gold Eagles.
Investors who buy physical gold bullion praise the Gold Eagles for their durability and toughness. Collectors also seek the Gold Eagles for their unique historical and numismatic value, as well as for the beautiful and striking design. Buying Gold Eagles for use as a gift is very popular, and jewelers even purchase the pieces to set in pendants, bracelets, and necklaces. All denominations of Gold Eagle coins are considered eligible as IRA gold bullion products, enabling those in the United States to buy Gold Eagles online and place them in a self-directed IRA.
History of the American Gold Eagle
The American Gold Eagle is a gold bullion piece intended for investment, not for circulation.The Gold Bullion Coin Act ensures the quality, purity and gold content of American Gold Eagles. Also pursuant to the Act, the US Mint can only use gold from sources in the United States. The American Gold Eagles are minted in what was once known as Crown Gold, a 22-karat alloy of gold, silver and copper. Unlike pure gold, this alloy is much harder and more resistant to wear and blemishing. However, the actual gold content of each piece is as stated – a 1 ounce Gold Eagle contains exactly one troy ounce of gold. Because they are alloyed, however, the overall total weight of the coin is greater than one troy ounce.
Buying American Gold Eagles Online
Somewhat late on the scene, Gold Eagles have, nonetheless, become a major player in the world bullion market and demand has skyrocketed. The United States Mint keeps production levels high in order to keep up with this heavy demand -- despite this, when gold prices are low, investors buy gold coins in large numbers and these beautiful pieces quickly become scarce. Should you have any further questions about buying Gold Eagle coins online from CBMint, do not hesitate to Contact Us, or call us toll-free at 1-866-300-0504.