American Eagle Coin Program

American Eagle Coin Program

american eagle platinum, gold, and silver coins
In 1986, Liberty, as depicted by Augustus Saint-Gaudens, was selected as the design that would grace the obverse of the American Eagle Gold Coins. The Saint-Gaudens design first appeared on the United States’ $20, or double-eagle, gold piece in 1907, where it remained until 1933.

Like their gold counterparts, American Eagle Silver Coins have been produced and sold in both proof and bullion finishes since 1986. They have always featured a rendition of sculptor Adolph A. Weinman’s magnificent Walking Liberty design, originally prepared and executed for the half-dollar coin in 1916.

American Eagle Bullion Coins for Investors

Congressionally authorized American Eagle Bullion coins provide investors with a convenient and cost effective way to add a small amount of physical platinum, gold, or silver to their investment portfolios. The American Eagle Bullion program was launched in 1986 with the sale of gold and silver bullion coins. Platinum was added to the American Eagle Bullion family in 1997.

A bullion coin is a coin that is valued by its weight in a specific precious metal. Unlike commemorative or numismatic coins valued by limited mintage, rarity, condition and age, bullion coins are purchased by investors seeking a simple and tangible means to own and invest in the gold, silver, and platinum markets. American Eagle Gold Bullion Coins are available in four denominations: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce while the American Eagle Silver and Platinum Bullions Coins are only available in the one ounce size.

Watch the video below to see how the West Point Mint makes a gold bullion coin.

American Eagle Bullion Coins

How to Buy American Eagle Bullion Coins

Aside from the proof version, the United States Mint does not sell American Eagle Bullion coins directly to the public. Instead, the Mint distributes uncirculated Bullion coins through a network of wholesalers, brokerage companies, precious metal firms, coin dealers, and participating banks, a network known as Authorized Purchasers.

This method provides effective and efficient distribution, which maximizes the availability of the coins in retail markets as well as major investment markets. For more information about American Eagle Bullion Coins, call 1-800-USA-GOLD.

American Eagle Bullion coins are sold based on the current market price of platinum, gold, or silver plus a small premium to cover minting, distribution, and marketing costs. A portion of this premium is often recoverable upon resale. Prices between dealers will vary. Volume discounts often apply.

American Eagle Proof and Uncirculated Coins for Collectors

The United States Mint produces proof versions of the American Eagle Coins for Collectors. The American Eagle Proof program was introduced in 1986 with the sale of gold and silver proof coins. Platinum was added to the American Eagle Proof line-up in 1997.

The term “proof” refers to a specialized minting process that begins by manually feeding burnished coin blanks into presses fitted with special dies. Each coin is struck multiple times so the softly frosted, yet detailed images seem to float above a mirror-like field. After scrutiny by white gloved inspectors, each American Eagle Proof Coin is placed in a protective plastic capsule and mounted in a handsome satin-lined velvet presentation case.

An official Certificate of Authenticity accompanies each coin. American Eagle Proof Coins sell at a fixed price and can be purchased directly from the United States Mint.

American Eagle Proof Coins

American Eagle Uncirculated Coins

The United States Mint also offers collectible, uncirculated versions of the popular gold and silver American Eagle Coins. These coins are sold directly to the public, and all American Eagle Uncirculated Coins feature the same stunning designs found on their proof counterparts.

The term “uncirculated” refers to the specialized minting process used to create these coins. Although they are similar in appearance to American Eagle Bullion Coins, uncirculated quality coins are distinguished by the presence of a mint mark, indicating their production facility, and by the use of burnished coin blanks, which are hand-fed into specially adapted coining presses one at a time.

Each American Eagle Uncirculated Coin is carefully inspected before it is encapsulated in plastic. With its pristine finish now protected, each American Eagle Uncirculated Coin is placed in a protective outer box. A Certificate of Authenticity is included with each coin.

These magnificent coins sell at a fixed price and are available directly from the United States Mint. American Eagle Gold and Silver Uncirculated Coins are only minted and sold in the one ounce size.

Content last updated on July 17, 2017

 

 

https://www.usmint.gov/learn/coin-and-medal-programs/american-eagle

10 fun facts about coins everyone should know…..

When did coins replace stones, cattle, and other early forms of money?

Metal in many shapes and sizes was used for money long before coins started making the rounds.  Today we know about two groups of people who, thousands of years ago, started making objects similar to what we call coins.  They stamped pieces of metal with weights (values) and other marks.  This way they didn’t need to weigh the metal each time it was used to buy something.

Who were these first coin creators?  We’ve long known that around 600–700 B.C., people from Lydia (part of what is now Turkey) started stamping the royal emblem of a lion’s head onto pieces of electrum.  They got this alloy of gold and silver from the banks of Lydia’s rivers.  And recently, we’ve discovered that even earlier (about 1000 B.C.) people in China made bronze coins.

What name should you call a coin collector?

Numismatist!  (Pronounced new-miss-ma-tist.)  This tongue-twister of a word makes a rich addition to your vocabulary.  It means “someone who studies and collects things that are used as money, including coins, tokens, paper bills, and medals.”

Who was the first person to collect coins?

Just think of the month of August, and it’s easy to remember this answer.  The earliest recorded coin collection belonged to Augustus Caesar, the first emperor of Rome.  He lived from 63 B.C. to A.D. 14, and the eighth month of our year is named after him.

Not only did Augustus keep adding coins to his collection, but he also gave them as gifts.  Following his lead, many of the Roman emperors who ruled after Augustus also had large coin collections.  The hobby became even more popular during the Middle Ages, when wealthy individuals and royal families built awesome collections.

How much new change does the United States Mint make each year?

Each year, the United States Mint makes between 14 billion and 20 billion circulating coins.  These new pennies, nickels, dimes, quarters, half dollars, and dollar coins are all made at the Philadelphia and Denver mints.

How long does the average coin last, and what happens to worn-out coins?

Most coins can circulate for about 25 years before they become too worn to be used anymore.  That’s a long time when you consider that the average dollar lasts for only 18 months.

The United States Mint recycles worn-out coins it receives from a Federal Reserve Bank.  The Mint then sends any usable metal that’s recovered to a fabricator, who turns it into coinage strips for new coins.

What is green slime, and why should I fear it?

Green slime is as nasty as it sounds!  As a collector, it’s one of your worst enemies.  It will take a valuable coin and turn it into a sticky, worthless mess.  Green slime is a chemical that’s used to make plastics softer, and its real name is as horrible as what it does to coins: polyvinylchloride (PVC).

How does PVC attack coins?  By lurking in some of the flips and other holders used to store coins.  Over time, the sticky film spreads from the container to your coin, eating into its surface.  You NEVER want to store your coins in anything made with PVC!

What’s worth more—a coin or its metal?

Nearly always, circulating coins are worth more than the metal they are made from.  In fact, coins—especially old-dated ones—can be worth a great deal more if they are in “mint condition.”

When should you not add a bright and shiny coin to your collection?

When it’s been buffed or whizzed!  A buffed coin is one that’s been polished to make it look like an uncirculated or proof coin.  A whizzed coin has been wire brushed or burnished, often on a wheel, for the same reason.  The problem with buffing and whizzing is that they wear down the coin’s original surface, reducing its value.

 

What makes a coin valuable?

Age, rarity, condition, and precious metal all affect how much a collectible coin is worth.  The value of any one coin can be surprising.  For example, you can buy some Roman coins that are more than 1600 years old for less than $10.  But then there are some worn 1909 wheat pennies that sell for hundreds of dollars!

As a general rule, the harder a coin is to find and the more people who want it, the more it’s worth.  This is known as the law of supply and demand.  It holds true no matter what the collectible.

What kind of grades do coins get?

Not A’s, B’s, C’s or even F’s.  Coins have their own grading system, which describes how much—or how little—wear and tear they have.  U.S. coins are graded with a scale created by the American Numismatic Association (ANA), a non-profit group created in 1891 and chartered by Congress since 1912.  The lowest grade on this scale is About Good-3; the highest is Perfect Uncirculated-70.

 

https://www.usmint.gov/kids/campCoin/collectorsWorkshop/tenFacts.html