As time goes by and the value of the dollar goes down, many are beginning to sell their precious metal coins–whether they’re rare or not. The reason for this is mainly because of the growing uncertainty we are seeing on a global scale. The investment opportunity in quality precious metals is making more sense to investors, especially when it comes to American Eagle coins West Palm Beach.
Basic Facts About Eagle Coins
The American Eagle is the top-selling coin in the world. It was first authorized by the Bullion Coin Act of 1985 and imprinted with unique gold and silver content. The American Eagle coins are legal tender because they have a “face” value.
Another notable feature of American Eagle coins is their market price. Currently, their value is dependent on the market value of its metal content, plus a small premium to cover coinage and distribution.
Gold eagle coins use the durable 22 karat standard, established for gold circulating coinage over 350 years ago. They contain their stated amount of pure gold, plus small amounts of alloy. This creates harder coins that resist scratching and marring, both of which diminish resale value. Other features include the following:
- Diameter: 32.7 mm
- Thickness: 2.87 mm
- Legal Tender
- Contains 91.67% fine Gold.
- Design features a male bald eagle in flight carrying an olive branch to his nest. Here a female awaits with her young on the reverse. The obverse features the design of Lady Liberty walking confidently against the sun’s rays, which were adapted from the famed Augustus Saint-Gaudens.
Factors that Affect Gold Prices
Monetary policy has shown to have a strong influence on gold prices. It is an economic policy that aims to carry out macroeconomic goals like low inflation, financial stability, high economic growth, and low unemployment.
Where to Buy American Gold Eagle Coins West Palm Beach?
Nowadays, third-party services validate and mark coins, making it easier for inexperienced investors to get involved without figuring out complex grading standards. At Endeavor Metals Group, we make sure that all coins and bars you purchase are authenticated and graded accordingly.