The post How to Buy American Eagle Gold Coins by Dalton Brewster appeared first on Benzinga. Visit Benzinga to get more great content like this.
Want to learn exactly how to buy American Eagle Gold Coins? You can buy gold coins with American Hartford Gold or Advantage Gold.
With inflation still at record highs and a current recession, many investors and even banks worldwide are becoming more interested in gold coin trading. Since the dawn of time, gold has been used to hedge against inflation and diversify portfolios.
Unlike cash and paper assets (i.e stocks), gold can’t be printed out of thin air. Gold also has many different purposes like being used as fillings in dentistry and in semiconductors.
Below, you learn exactly how to buy American Gold Eagle Coins and important gold coin trading guidelines.
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Table of contents
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- What Are American Gold Eagle Coins?
- Brief History of American Gold Eagle Coins
- How to Buy American Gold Eagle Coins
- Step 1: Open an Online Account
- Step 2: Choose the Gold Coins You Want to Buy
- Step 3: Make Your Purchase
- How to Buy American Gold Eagle Coins With an IRA
- How to Trade or Sell Your American Gold Eagle Coins
- Current Gold Coin Prices
- Are American Gold Eagle Coins a Good Investment?
- Frequently Asked Questions
What Are American Gold Eagle Coins?
American Gold Eagle Coins contain one ounce (oz.) of 22 karat gold. They also include small quantities of other metals like copper, to ensure durability.
Unlike other gold coins, American Eagle Gold Coins are made from gold only minted in the United States. For that reason, the U.S government guarantees each coin’s gold content, weight and purity.
Since they’re guaranteed by the U.S government, these coins can be traded in the vast majority of the world, making them one of the most commonly traded gold bullion coins.
Brief History of American Gold Eagle Coins
The original American Gold Eagle coin was created back in 1792. It originally traded for $10 and was available in Quarter Eagle ($2.50), Half Eagle ($5), and Double Eagle ($20 amounts.
Like the current American Eagle Gold coin, the original versions were made with 22-karat gold with small traces of copper and silver. This coin was discontinued back in 1933 to prevent banks from going bankrupt during the Great Depression.
In 1985, President Reagan passed the Gold Bullion Coin Act into law, letting the public buy and sell these coins.
These coins have been popular ever since because they’re guaranteed by the U.S government and allow the everyday investor to gain exposure to gold at a reasonable cost.
How to Buy American Gold Eagle Coins
It’s never been easier to invest in American Gold Eagle Coins. Investors from all backgrounds can start investing in American Gold Eagle coins in just 3 simple steps!
Step 1: Open an Online Account
Benzinga partners with a few precious metals brokers who offer new investors special perks when opening a new account. Most importantly, these companies have been personally vetted by Benzinga’s team of analysts. Advantage Gold is a top choice for investors looking to buy American Gold Eagle Coins because of its great educational resources, customer support and easy-to-use platform.
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Have you ever dreamed of owning a Basquiat painting or one of Warhol’s pop art masterpieces? You can with Masterworks — even if you don’t have $1 million in the bank.
Masterworks is an art investing platform that allows you to invest in million-dollar works of fine art. All art pieces are held in a climate-controlled, secure environment while Masterworks searches for an independent collector or buyer to sell at a profit. When a piece is sold, you’ll receive a share of the profits proportional to your initial investment.
Investors will enjoy Masterworks’ easy-to-follow system and choice of famous art investments. With the art and collectibles market valued at $2.1 trillion and projected to grow to $2.9 trillion by 2026, this platform has democratized the traditionally exclusive world of art investments.
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- Requires a phone call before you can invest
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American Hartford Gold is a family-owned business based in Los Angeles, California. The organization is a market leader in precious metal investing. American Hartford Gold specializes in selling gold, silver, platinum, and palladium coins and bars and in helping its clients to set up Individual Retirement Accounts (IRAs) invested in precious metals.
Precious metals are popular investments during times of high inflation as investors look for a hedge against inflation. Gold and silver investments may not follow the same trends as stocks, making precious metal investing a potential safe haven.
American Hartford Gold offers investors the following services:
- Gold, platinum, palladium and silver investments
- Gold IRAs
Investors need an amount of $10,000 or more to start their retirement investment journey with American Hartford Gold. The company also assists investors looking to roll their current IRAs into gold IRAs. There are no taxes or penalties on either the trustee-to-trustee or 60-day rollover IRA options it offers. American Hartford Gold will buy back the precious metals when investors want to cash out.
Best For
- Investors looking for a hedge against inflation
- Retirement savers looking for tax benefits
- Quick & easy 3-step tax-free, penalty-free Gold IRA setup
- Same day IRA – fastest in the industry
- Ranked #1 Gold Company on the Inc 5000 List and A+ Rated on BBB
- Up to $15,000 in FREE silver on qualified accounts
- Lowest price guarantee, best ongoing promotions, no buy-back fees
- Online catalog doesn’t show pricing
- No international shipping available outside of the U.S.
When you choose to invest with Advantage Gold, you can set up a Gold IRA or purchase Gold, Silver, Platinum and Palladium. There is a robust learning center that teaches you how to hedge using precious metals, and you can begin to move your money to one of the more popular safety nets in the world of investing.
Advantage Gold has built a strong reputation as a trusted and reputable precious metals dealer, with years of experience in helping clients with their Gold IRA investments. They provide secure storage options and a wide range of precious metals investments. The company prides itself on providing excellent customer service, ensuring that clients receive personalized attention and support throughout the process of setting up and managing their gold IRA accounts.
Best For
- Precious metals investing
- Gold IRAs
- Variety of precious metals to choose from
- Getting educated about investing in precious metals
- Several coins and metals to buy
- Impressive educational section
- Excellent customer support
- A+ BBB rating
- Great buyback program
- Consumer Affairs 5 star rating
- Trust Link 5 star rating and voted a eight-time #1 Trusted Gold IRA Company by TrustLink
- High minimum fees
- Not all pricing is available online
Step 2: Choose the Gold Coins You Want to Buy
Some common types of gold coins include:
- American Eagle Gold Coins: 1 oz. 22 karat gold coins, guaranteed by the U.S. government. Available in ½ ounce, ¼ ounce, and 1/10 ounce varieties.
- Canadian Gold Red-Tailed Hawk Coins: 1 oz. coin made of pure 24k gold that features the late Queen Elizabeth II on the front.
- American Buffalo Coins: This .9999 American Buffalo gold coin contains a full troy ounce of gold. However, it weighs slightly more due to traces of other metals in the coin. These coins are available in ½ ounce, ¼ ounce, and 1/10 ounce selections.
Step 3: Make Your Purchase
Each company has its own purchase process. Generally, you must fund an account with them and call their help desk to speak with one of their brokers to complete your order.
Most importantly, insure your gold coins while they’re in transit to your address.
How to Buy American Gold Eagle Coins With an IRA
You can buy precious metals with a self directed IRA that gives you several tax advantages. With a self-directed Gold IRA, you can earn a tax deduction up to $5,500 per year if you’re under 50 and $6,500 per year if you’re older than 50.
You can also defer taxation on any gold price gains and it’s also possible to choose a Roth option, letting you invest after tax funds for tax free growth!
How to Trade or Sell Your American Gold Eagle Coins
You can call the trade desk at the partners listed above to sell or trade your American Gold Eagle coins for other products.
Keep in mind that these sales of physical gold could result in taxable gains. Gains would be tax deferred if sold within a Gold IRA.
It’s best to see gold as a long term investment. For example, a ton of gold could buy a Ford model T car in the early 20th century. Presently, a ton of gold can still buy a comparable car.
One of the best times to sell gold is when the gold to silver ratio is high. This ratio shows the spot price of gold over the spot price of silver. A high ratio means that gold is overvalued, making it an ideal time to sell.
The current gold to silver ratio is 79.36, down from a high of 85 last month.
Current Gold Coin Prices
Gold is currently rallying since its spot price is $1,802.90, climbing up from a low of $1,631 from early November 2022.
The spot price of Gold is the price that an ounce of gold can be bought and sold for instant delivery.
Gold still has room to run, since it’s down from its 52 week high of $2,040 in March 2022.
Are American Gold Eagle Coins a Good Investment?
In these current economic times, American Gold Eagle coins could be a great initial step to allocate some of your wealth to gold.
They’re backed by the U.S. government, which makes them an even safer investment than other types of precious metals.
Since each coin is only an ounce of gold, you don’t need to invest tens of thousands of dollars to buy them. Our partners listed above also provide free, comprehensive guides on how to buy gold coins.
Frequently Asked Questions
Can you buy Gold Eagle coins at a bank?
While some U.S. banks do sell gold bars, gold coins, and silver coins, the majority do not offer precious metals to the public. Banks typically avoid selling these metals due to their price volatility.
What is the price of American Eagle gold coins today?
The current value for an American Gold Eagle is: $2,530.30.
Are American Eagle gold coins a good investment?
The American Gold Eagle Coin is an excellent option for gold investment. Made from gold sourced from American mines, these coins are produced in New York. These coins can be a great investment for first time coin collectors.
The post How to Buy American Eagle Gold Coins by Dalton Brewster appeared first on Benzinga. Visit Benzinga to get more great content like this.
