23 September 2023
Is the idea of collecting coins a bit weird to you? Does it seem like a hobby that’s similar to collecting stamps? Gold Eagle coins are a little different from collectible ones that you might find in a relative’s attic! These aren’t the type of rare coins that are worth a lot to collectors, or that have a rich background and history. Those collectible coins are pretty hard to value because of their rarity, but also because they might be sought after.
Instead, Gold Eagle coins are actually considered legal tender, meaning they have a set value. But why would anyone want to collect a coin like this that is readily available and is always worth a certain amount? Read on to find out more!
Why collect Gold Eagle coins?
There are a bunch of reasons why people collect Gold Eagle coins, but the most common one is because they can add real gold to your investment portfolio. Imagine having something like gold in your collection–this isn’t something that most people could have access to!
But being able to buy Gold Eagle coins from trusted vendors and then having real gold that you can verify is completely different. The purity and value are both guaranteed by the United States Mint, meaning they’ll hold their value forever as long as gold is worth something–and that’s pretty much always going to be true.
If you invest in a collection today, there’s a really good chance that they’re going to be worth roughly the same in the future. If you build up a collection today, it’s going to be worth a fair amount of money when you decide to sell it.
But what if you don’t want to sell it anytime soon? What if you want to leave it as an emergency fund for your grandchildren. If that’s the case, then you can think of Gold Eagle coins like gold bars. They will always hold their value because it’s literally just gold! You’ll get the same if not more money for selling a collection of Gold Eagle coins later in the future.
Collecting Gold Eagle coins
Before you buy any Gold Eagle coins, you should really check a vendor and do a bit of research so that you know you’re getting legitimate coins. Also, you can keep an eye on gold prices to determine if it’s a good time to buy or not. These coins come in values too, so you can create a pretty diverse collection of Gold Eagle coins!
It’s also worth mentioning that there are occasionally some differences in how the coins are minted. For example, you might find some coins minted in Philadelphia, and these are marked differently to the ones minted at West Point.
At the end of the day, Gold Eagle coins are mainly bought for their intrinsic metal value and aren’t really meant to be collectible items like other coins. They’re kinda boring to look at, so don’t get too excited if you buy lots of them! Instead, just think of it as investing in real gold.