As the dollar continues to decline as a result of twin deficits and the risk of inflation becomes a greater possibility, many investors are seeking ways to add gold coins to their portfolios. There are several different ways to add bullion coins to your investment portfolio, and the most popular of the gold bullion coins that you can buy is the American Eagle gold coin.
American Eagle gold coins were authorized by Congress in 1985 as a way for investors to acquire small amounts of gold for their portfolios. 1986 is the first mintage year for these American Eagle bullion coins, and they come in four different sizes, including 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce coins. There is a special provision that states that these coins can only be minted with gold that is mined in the United States, and this law has held true.
The reason that investors appreciate gold coins more than the gold bullion bars that are also available for investment purchases is because these coins are highly liquid. As the most widely recognized of all bullion coins, these American Eagle coins can be quickly and easily sold for cash whenever necessary. Any coin or precious metal dealer in the world would gladly purchase American Eagle coins.
If you are confused about whether to buy the gold proofs or gold bullion coins, then you can keep a few things in mind. Basically, the gold proof coins are meant to be collectors’ items. These coins come packaged with a certificate of authenticity, as well as a mount and a protective case. Gold bullion coins are not purchased for collecting purposes, as a general rule. These gold coins are the ones that you will seek out if you plan to buy coins for investment reasons. While you may collect them for financial reasons, the whole purpose of gold bullion coins is to add the precious metal to your investment portfolio.
Before you begin buying gold bullion coins, it is important that you find a reputable coin dealer. You can often find a local dealer that can help to educate you on the finer points of precious metals prices, but you can also seek out online coin dealers. Do adequate research on your chosen coin dealer before buying to be sure that all prior customers express satisfaction, and then you can be sure of your satisfaction, as well.
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