#1 Gold Bullion Coins Buyer Las Vegas & Henderson

Overview

A bullion coin is a type of coin that is made of precious metals. It is used as an investment or a store of value (an asset that can be saved, redeemed, or exchanged) rather than for everyday commercial use. The official gold bullion of the United States is the American Gold Eagle.

History

The American Gold Eagle was first minted in 1986 by the United States Mint under the authority of the Gold Bullion Act of 1985. The coin since became one of the world’s leading gold bullion coins for investing. The coin was called American Eagles because “eagle” was the official designation for ten dollar gold coins before 1933. 

American Eagles are all 22-karat gold. The 22-karat gold has been the standard for all circulating gold coins since more than three centuries ago. They all have the same amount of pure gold and a tiny amount of other metals. American Eagles have four sizes: one-tenth ounce, one-quarter ounce, one-half ounce, and once ounce.

United States law dictates that all gold should be mined in the country. Coins should also be alloyed with copper and silver to make them durable.

Design

The front side of the coin is an interpretation of Lady Liberty by Augustus Saint-Gaudens. Lady Liberty has a flowing hair in this version. She is also holding an olive branch in her left hand and a torch on her right. The Capitol building is also depicted in the background. Also, on this side contains the word liberty, and the year it was minted.

The backside of the coin has two eagles. A male eagle carries an olive flying over a nest with a female eagle and her hatchlings in it. This side has the words: the United States of America, e Pluribus Unum, In God We Trust, 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz fine gold~50 Dollars.

Value

The coins have a legal tender face value of $5, $10, $25, and $50 concerning the weight. However, the actual selling price depends on the current spot price of gold, which changes daily. The coins are considered legal tender, which means that the courts of law recognize them as payment for any monetary debt.

References

https://catalog.usmint.gov/coin-programs/bullion-coin-programs.html?cm_sp=LP1-_-bullion-coins-_-051318 

https://en.wikipedia.org/wiki/Bullion_coin 

https://en.wikipedia.org/wiki/American_Gold_Eagle