American Eagle Gold Bullion Coin

Close-up of an American Eagle One Dollar Coin

Frankly, American Eagle gold bullion coins are some of the most beautiful we’ve ever seen, what with their striking designs and the sheer mellow glow of the gold in their make-up. So we completely understand if you’re eager to buy!

But before you dive in with both feet, we recommend you read this article. We’ll outline a few pointers you really need to know so you can get the best out of your investment experience.

Pointer #1: Any Gold Eagle with a date prior to 1986 isn’t a Gold Eagle at all.

If you find a coin that looks like American gold bullion but has a date prior to 1986, the first year of modern mintage, then either you’ve got a fake or you’re confusing an actual coin with bullion. Both are easily possible.

Simple misidentification is easy. Gold Eagles are very similar in design to the old American “double eagle” $20 coin, which was minted from 1907-1933. The designs are not identical, but Saint-Gauden’s double eagle obverse inspired the modern Gold Eagle obverse, so they’re easy to mix up.

If the coin has a date between 1907 and 1933, it’s almost certainly a double eagle. These are less valuable than bullion for the investor, since they tend to cost much more than they’re worth from a precious metals perspective.

Counterfeiting American bullion coins is a worse problem, because it’s become something of a growth industry in China and a few other Third World countries. You’d think that counterfeiters would be careful to put the appropriate dates on their coins, but as finds have repeatedly proved, they don’t always.

By the way, don’t be confused if you find a Gold Eagle with a date expressed in Roman numerals instead of Arabic ones. This was U.S. Mint practice through 1991. However, do be absolutely sure you’ve translated the date correctly. Counterfeiters sometimes scramble the Roman dates on their fakes.

Pointer #2: You should be careful when you store your gold at home.

You can’t just keep your bullion coins in a lock box in your closet, where it’s at the mercy of any burglar or light-fingered “friend.” Gold is so valuable and precious that some people will do anything to get it, once they discover that it’s accessible. “Gold fever” isn’t just a cliche — it’s a reality.

If you want to store some of your gold at home, you’ll need a heavy safe to store it in, preferably one built into the fabric of your home. We recommend that you spring for a safe deposit box at a top-notch bank to store much (or most) of your gold.

Even a large bank safe deposit box probably won’t cost more than about $100 a year, which I guarantee you is a lot less expensive than having to buy your own secure safe… or having your bullion stolen. Your gold will be stored in the bank’s vault, and will be very hard to get at without your express permission.

Pointer #3: You can include American Gold Eagles in your IRA.

It’s true: Gold Eagles are the only gold coins you can include in your Individual Retirement Account. (You can also buy gold ETFs for your IRA.)

To add American Gold Eagles to your portfolio, however, you’ll have to find an independent custodian to hold your gold. You can’t store it on your own.

Fortunately, this isn’t difficult. Most precious metal exchanges will be happy to help you find a custodian for your American Eagle gold bullion coins, especially if you’re willing to purchase through them in the first place.

Naturally, there’s a lot more to successfully investing in gold. For example, you need to avoid the pitfalls and traps. You can find out how by checking out this free resource on gold investing.

Do you love American Eagle Gold bullion coins? Any advice or questions you want to share? Let us know by commenting below…


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