On the 30th July 2002 a gold coin was sold by Sotheby's Auctions in New York for $7.59 million dollars.
The unique and uniquely valuable gold coin was a USA 1933 Double Eagle.
The gold Double Eagle coin had been minted in 1933 but removed from circulation. This gold coin auctioned at Sotheby's was the ONLY one in the world and had previously been in the private coin collection of King Farouk of Egypt.
Gold Bullion Coins:
Gold Bullion coins are produced by many countries to allow an investment in small, easily held quantities of gold bullion.
Gold Bullion coins include gold sovereigns, gold krugerrands, maples, eagles as well as halves and fractions of these gold coins.
The first Gold Coin:
The first ever gold coin in the world was struck by King Croesus of Lydia in 560 BC.
Gold coins are avidly sought by collectors all over the world for their beauty, value and historical interest.
American Eagle Gold Bullion Coins:
Obverse and Reverse
of Gold Bullion Coins
Authorized by the Bullion Coin Act of 1985, American Eagle Gold Bullion Coins quickly became one
of the world's leading gold bullion investment coins. Produced from gold mined in the United
States, American Eagles are imprinted with their gold content and legal tender "face"
value. An American Eagle's value is based on the market price of its metal content, plus a
small premium to cover coinage and distribution.
American Eagles use the durable 22 karat standard established for gold circulating coinage over 350 years ago.
They contain their stated amount of pure gold, plus small amounts of alloy.
This creates harder coins that resist scratching and marring, which can diminish resale value.
Minted to exacting standards, the obverse (front) design is inspired by what's often considered one
of America's most beautiful coins: Augustus Saint-Gaudens' celebrated $20 gold piece, minted
from 1907-1933. The reverse features a nest of American Eagles, symbolizing family tradition
American Eagle Gold Bullion Coins carry a Government Guarantee
What truly sets American Eagles apart is that they are the only bullion coins whose weight, content
and purity are guaranteed by the United States Government. Investors can buy them with
confidence, knowing the coins contain their stated amount of gold.
Investing in Gold by Purchasing American Eagle Gold Bullion Coins
Ever since its discovery 5,000 years ago, gold has been treasured for its unmatched luster, beauty and intrinsic value.
Today, gold continues to enjoy widespread appeal as an investment and storehouse of value.
Gold is an internationally recognized monetary and financial asset held in reserve by major governments.
It is so rare that all the gold ever mined could fit into a cube measuring just 20 yards on each side.
Most importantly, gold can play a role in diversifying an investment portfolio, since it can move independently of stocks and bonds.
What's more, gold is a tangible asset - one whose beauty and artistry you can literally hold in your hands.
When purchased in the form of legal tender bullion coins, gold can be affordable, as well as easy to buy and store.
Americans purchase more American Eagle Gold Bullion Coins than any other gold coin.
Produced by the United States Mint, Department of the Treasury, these coins are available in four denominations.
American Eagle Gold Bullion Coins are Easy to Buy and Sell
An important measure of any investment is its liquidity:
How easy is it to resell?
United States Government backing means that like the dollar, American Eagle Bullion Coins are accepted in major investment markets worldwide.
They are also the most widely traded bullion coins in America, affording investors narrow spreads between buy and sell prices.
It's easy to track the value of American Eagle Bullion Coins.
Most major newspapers report the daily price of gold.
An American Eagle's value is based on the market price of its gold metal content, plus a small premium to cover coinage and distribution costs.
You can purchase American Eagle Gold Bullion Coins from most major coin and precious metals dealers,
as well as brokerage houses and participating banks. They are minted in four weights - 1/10, 1/4,
1/2 and 1 ounce - to fit a variety of budgets. The smaller sizes also make affordable and
A collectible proof version of the American Eagle Gold Bullion Coin is also available.
American Eagle Gold Bullion Coins - Online Resources and Credits
http://www.usmint.gov/ - The United States Mint - U.S. Department of the Treasury
Gold Coin Article - Another information article about Gold Coins
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