Some people may see coin collecting as a somewhat dull hobby. However, nowadays, more and more people are investing in gold and silver, making coin collecting a rather lucrative hobby. The American eagle gold coin first appeared due to the Bullion Coin Act of 1985. Since then, it has swiftly risen through the ranks to become one of the world’s top gold bullion investment coins. If you’re interested in starting a coin collection, you may want to buy American gold eagle coins first.
The American eagle coin is from gold mined entirely in America, with imprints from its gold content. The coins have pure gold and trace amounts of alloy. This metal combination makes the coins harder and more resistant to scratching, something that brings down their value if you ever decide to sell them. One thing that sets American eagle coins apart from other coins is that they are the only bullions coins whose purity the government covers content and weight. This means American eagle coins can be bought and sold with confidence around the world. You can also include the coins in an Individual Retirement Account if you plan on keeping them for a while.
Why Invest in Gold?
One of the main reasons to invest in gold is its global appeal. No matter what country you are in, gold is viewed as a valuable and rare asset. If you’re looking to add diversity to your investment portfolio, consider buying gold. Gold is simple to purchase, store and relatively affordable, especially when bought up as legal tender bullion coins. People buy more American eagle coins than any other type of gold coin. One reason for this could be that the coins are available in four denominations.
Give and Take
One thing that collectors are usually the most concerned about is how easily they can resell their investments. Since the American government guarantees them, American eagle coins have approval from various investment markets all over the world. The bullion coins are also the most popular when it comes to their rate of trade. If you’re ever wondering how much your American eagle bullion coins are worth, the current price of gold is reported every day in most major newspapers. The coin’s value comes from the market price of the metal it contains and a small extra amount to take care of the distribution and coinage costs.
If you’re ready to start your coin collection with an American bullion coin, they are available at major precious metal dealers, coin sellers, certain banks and brokerage houses. It’s a good idea to check to ensure that the precious metal or coin dealer is authorised so that you don’t end up buying a fake coin. If you know of someone interested in coin collecting, it could be a great way to get them started by gifting them with an American eagle bullion coin.