Why Trade In 1 Oz Gold Eagle Coin

The 1 oz Gold Eagle Coin is indisputably amongst high value coins traded on the gold market. It is one of the Eagle gold coins that are minted by the Unites States Mint. The others that fall in this category are; the American Eagle: 1/10 troy oz-coin, 1/4 troy oz-coin, and the 1/2 troy oz-coin.

There are significant differences between these Eagle coins in terms of face value and thickness. Importantly, understand that differences appearing on the coins are often used as a measure of the uniqueness. Apart from the thickness of the coin, diameter and gross weight are elemental factors considered during the identification process. This makes it possible to identify them at first glance.

It is of great importance to note that the Eagle coins that were minted within the first 10 years after their release in 1986 have Roman numerical numbers. However, based on the changes that took place this was switched to the Arabic numbers in later years.

As stated, the 1 oz Gold Eagle Coin has unique characteristics that make it stand out as one of the US Minted gold coins. This gold coin has a diameter of 32.77mm, and unlike the others, it contains a face value of $50. Its’ gross weight stands at 1.0909 troy oz which is equivalent of 33.930g. The thickness of the coin is 2.877mm. It is equally important to know the purity of gold in a coin; in this case, the 1 oz Gold Eagle Coin contains 91.67% gold. It also has additional metals the silver alloy of 3% whereas the copper takes 5.33% of the coin content.

These coins are accepted legal tender and can pay off debt that is equivalent of their face value. Based on its characteristics, it is that largest gold coin to have been minted by the US available on the market today. Its purity makes it quite attractive to buyers and also those who want to trade in gold to secure future financial situation. Importantly, as a trader, note that the coins face value does not really depict the intrinsic value of the coin. Actually, the intrinsic value is way above what is printed on its face.

The coin is articulately designed showcasing craftsmanship at its best and this makes its features stand out. Its uniqueness is way above that of other coins traded on the market. The markings are vividly clear on both faces of the coin, and they depict the rich history of America. Also, the markings showcase her exceptional heritage and trust in the constitution. On one side, the coin has Lady Liberty with the well-liked olive branch placed in her mouth and strongly holding unto the torch of liberty. On the flip side, the coin is stamped with a male eagle that is carrying an olive branch and flying back to its eaglets. The design of the coin traces its origin way back during the time and rule of the 26th American President Theodore Roosevelt. It is simply a great design that touches on the pertinent issues that America as a country hold dear.

There are many reasons as to why trading in this coin is quite a lucrative business. Firstly, the coin is rare and this means that its value will always be relatively high compared to the other coins. Secondly, it can be traded for the real value of gold as per the market standing. Last but not least, these coins are IRS approved and traders will never have any legal issues associated them. Furthermore, these particular coins have the full backing of the US government. Hence, comes as the freest trading coins that exist on the gold market and can be trusted by all players involved in this business. Statistics indicate that an estimated 12 million 1 oz Gold Eagle Coin have been minted and sold on the gold market. This is good news for anyone who wants to trade in precious metals or include gold as part of their reliable retirement plan.

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