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American Gold Coins

Gold American coins are often considered one of the more interesting gold investment opportunities, as their value tends to be more influenced by factors outside of the price of bullion gold than many common collectable or bullion coins types. An example of this is the 1933 double eagle coin, which was produced in large numbers originally. The majority of these American coins were melted down after the recall of gold after 1937, so remaining survivors are valued extremely highly. The most valuable gold coin ever sold on the international market was a 1933 double eagle, which sold at auction in 2002 for just over $7.5 million despite a ‘face’ value of only $20.

The range of gold American coins is as follows, with the face values giving only a rough guide to the proportional actual value, only being included for legal reasons making cross-border sales more easily conducted:

·         The double eagle, face value $20

·         The single gold eagle, face value $10

·         The half gold eagle ($5)

·         The quarter gold eagle ($2.50)

·         The $3 gold piece

·         The $1 gold piece

Most of these American coins were minted in the century from around 1850 until 1937, although a few very pieces can be found that predate those.

Gold coins are graded, based largely on the rarity value and the amount of wear. Obviously a heavily worn coin will be less valuable in terms of bullion gold weight, but this can be skewed by rarity value, especially of old coins considered collectibles instead of bullion coins, and wear is occasionally considered a beneficial indication of genuineness, even though it is not too difficult to wear coins convincingly.

Coins for circulation were usually produced with a portion of other metals higher than that in bullion gold, usually copper, in order to make them harder wearing and cheaper to produce. Some coins that have been minted as non-circulation currency, primarily for investment may follow this practice but can also be near totally pure gold, usually known as bullion coins.

Bullion coins are priced generally close to their weight and purity value alone, with little added value due to being a coin rather than a gold bar. The main purpose of these coins is for investment, and only differs from bullion gold in that they are marginally more expensive due to a larger market, probably for ‘sentimental’ reasons.

Gold coin specialists such as the Swiss America Trading Corporation offer a wide range of gold coin investment services.

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