February 12, 2010 – There is only one coin in the world that has a past that is so distinct from its present; that would be the Gold Eagle coin. A significant piece from the United States era of pre-1933 rare coins, today’s version has an important calling as the official gold bullion of the US. Combined, these two versions of the famous Gold Eagle coin represent a powerful investment strategy today.
Minted from 1907 until 1933, the Saint-Gaudens Double Eagles were an important part of the early 20th century coinage in the United States. With a face value of $20, these coins were the largest available, with nearly a full ounce of pure gold. Minting of the coins was stopped by President Franklin Roosevelt in 1933, although a few of the coins from the last year managed to find their way into the hands of private individuals; one of these coins recently sold for $7.59 million, making it the most expensive coin in history.
Neither Gold Eagles nor any other gold coins would be minted in the US until 1986, when the country decided to begin minting gold bullion. The Saint-Gaudens design of the Double Eagle was chosen and once again the elegant Striding Liberty created by Augustus Saint-Gaudens was adorning American gold coins. The US Mint proudly states that the American Eagle “quickly became one of the world's leading gold bullion investment coins” and 1.8 million of them sold last year alone.
Today, both the pre-1933 Gold Eagles and the modern American Eagle bullion coins can be a potentially valuable part of an investor’s wealth building strategy. For many, bullion offers a desirable short-term investment solution, with traders who looking to make trades from one year and eighteen months. Certified gold coins like the pre-1933 Eagles offer a long-term strategy that allows an investor to potentially profit even more due to the rarity of such coins.
The Gold Eagle has been the symbol of American gold for over 100 years. With one of the most beautiful coin designs ever and a strong history of investment success, the Eagle represents a strong potential investment for many people today.
Joshua Harris
Senior Staff Writer - Gold-Eagle.org