A lot of us have been looking at buying precious metals, whether we are going to round out our investment portfolios or we want to just have some metals to own as a hedge against whatever future instability happens. As for me, I’m thinking that I want to buy some of the American Eagle Coins. But now that I’ve made that decision, I now have to decide what kind of American Eagle Coins I want to purchase. Until I really started reading about these coins, I had no idea that there were so many options.
According to the U.S. Mint’s website – http://www.usmint.gov – there are five different types of American Eagle Coins:
American Eagle Gold Uncirculated Coins – these come in only the one ounce size and are also intended for collectors. They are 91.67% gold.
American Eagle Silver Proof Coins – these are collector versions of the American Eagle Silver Bullion Coins and are available in a one ounce weight. They are 99.9% silver.
· American Eagle Silver Uncirculated Coins – also collector versions, they are 99.9% pure silver.
· American Eagle Platinum Proof Coins – these coins are the collector versions of the American Eagle Platinum Bullion Coins, come only in a one ounce weight, and are 99.95% platinum.
And then there are the coins that I am going to buy: the American Eagle Bullion Coins. These American Eagle Coins are 99.9% pure gold and are easy to purchase, being available in four ounces: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce weights. They are simple to store, are easily converted to cash if needed, and the value is based purely on the amount of gold bullion that they contain. So these are the American Eagle Coins I want to buy now and save for my retirement.