Starting an American Gold Eagle Coin collection
In 1986 the American Gold Eagle coins were released. They were originally available in four different amounts which included: $5, $10, $25, and $50 amounts. It helps to know that these coins are extremely rare, and not too many people are willing to sell them. I will discuss ways to obtain them, and also some other important information about these rarities.
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.
Now that you have found a way to purchase an American Gold Eagle coin, you can determine how much you are willing to pay for one. If you are lucky, your seller may underestimate the value of the coin, and you can snag it for a good price. If you are unable to, a US 1999 $50 American Gold Eagle coin will sell for $850 , a new 2008 one will go for $120 . As a rule, the older the coin the more worth it has, but you can get a new $50 coin for around the same price as an old $25 coin. Buying your coin is half luck, and half smarts. Know your background knowledge before making any purchase.
At last, you have finished all the necessary steps to purchasing your American Gold Eagle coin! A transaction should be completed by now, and you should own a rare and shiny gold coin. You can safely call yourself an American Gold Eagle Coin collector, and probably start thinking about your next investment. Watch the trends, and prepare to buy another! Or maybe even a few extras!
Closing Comments
Collecting coins is a great hobby of many Americans. It gives us the chance to collect a rare piece of American monetary history. All collectors and connoisseurs make mistakes, so don’t fret if you mess up at least once!
