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Double Eagle Coin Value

The value of the Double Eagle Coin changes rapidly depending on the current price of gold. The American double eagles were first issued on 1877 marking one of the more important eras in the history of the United States. It was minted due to the abundance of gold that was being produced and found in California and other surrounding states. The average $10 coin was expanded to a $20 gold coin which was the reason why it was known with the name of a double eagle. The coins weighed around .9675 ounce with a 90% gold content. Today, the price of a gold double eagle is about $1,850 or lower depending on the price of gold for the day.

During the period of the famous California Gold Rush, the largest gold coin to be issued by the United States Mint was the $10 coin. But with the significant increase in the amount of gold that was being found each day in California, the mint was authorized to produce a larger coin bearing a face value of $20. It was done to accommodate the rising gold production and the coin was subsequently dubbed as a double eagle. The ten-dollar coin was approximately weighs only about half an ounce whereas the newer $20 coin weighs an ounce. Although the production was approved by the Congress on 1849, the actual minting only occurred in 1877.

During this period, more than a million ounces of gold were produced which allowed for the production of these larger coins. They are what you may call the physical evidence of the wealth of the United States during that period.  They are in a way a sign of the abundance that was characteristic of that particular American period.  Back then, the double eagle already represented the large value of the coin which can be seen with the current prices of commodities during the early 19th century. A stay at fine hotel in the city would cost you about a dollar and a half whereas a good meal at a fine-dining restaurant would amount to about seventy cents. So with a twenty-dollar coin you can definitely live the life of a rock star during that period. But, that is not taking into account the worth or value of the gold content now. So if you are going to spend your double eagle gold coin, it would definitely cost you a lot more than what it did during that period. With the current price of gold per ounce, you will definitely have a lot to spend.

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If the coin represents a lot of money due to their gold content, they also represent a good historical worth as well.  Being a representation of that period in American history where gold was produced in large amounts daily, having one of them will be a good reminder of that period. Buying them will be a good way of having a significant part of history in your hands which you can give to your children and your grandchildren. So apart from the value of the gold itself, you also get a good historical investment to give to your loved ones.

California Gold Coins

Genuine gold coins from California are highly sought after by coin investors who have an affinity for the Old West. During the famous California Gold Rush era, the numerous amounts of gold that were being produced in the mines necessitated the production of larger gold coins. This means that trades that may be done in smaller changes would be limited due to the lack of the particular coin that will suit the exchange.  Most of the coins that were being minted by the government were either too large or were being hoarded making them unavailable for circulation. So with this setting, some gold producers decided to mint their own smaller coins which will fit some of the smaller purchases that would need to be done on their trades. During that period either the dusts of gold or small nuggets were being used for smaller transactions.

During the middle of that century, gold manufacturers decided to make smaller coins which will have lesser values than that which was available. Thus, smaller gold coins were only issued by private companies and jewelers which saw the need for such smaller denominations. Most of the coins were produced during the 1850’s when there was a great demand for such coins. Most of these smaller coins produced in California are categorized into two types – those that were produced from 1852 to 1856 and those that were produced during 1859 to 1882. The first group was circulated and was used for trade and so shows much more signs of wear due to their usage. But the second type were more used for collection and hence are in much better conditions. The latter also possesses lesser amounts of gold.

The usual denominations for these smaller California gold coins are one dollar, fifty cents, and twenty-five cents. They come in various designs due to the different sources from which these coins were struck. You can find them in round shapes or octagonal shapes and they can be collected for their designs or  by their amounts. Either way, they are still a nice collection for the history behind them and also for their gold contents. They also have their owned designated numbers known as their BG numbers.

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One of the more popular producers of these smaller denominations is the Frontier, Deviercy and Company which produced a vast amount of these small coins during the period. There also is the Louis Nouizillet and Company which made the more famous octagonal 25 cent coins. There are also both round and octagonal coins in all of the denominations in this era. Featuring various designs ranging from stars and dots to eagles and arms designs, one can surely enjoy collecting these coins for his own gold coin collections or as investments. There are a lot of sellers of these types of coins but one should be careful when choosing from whom to buy since there are a lot of fake dealers of these coins. Knowing that there is a demand for these limited coins, most have taken advantage of it to make some profit. Inform yourself with how the originals look like so you don’t become a victim for these fake coins.

Gold Presidential Coins

In 2007,  the United States Mint approved the issuing of Presidential gold dollar coins which commemorates the past presidents of the United States. It began with the pronouncement of the US Mints director Edmund Moy that there is now a new series of gold coins that will be created by the Mint particularly dealing with United States presidents in a one dollar gold coin. It was in accordance with the Presidential Coin Act in 2005 which has given the directive to produce gold dollar coins which will have US presidents as their subject.

The first presidents to be featured on the dollar coins were Washington, Adams, Jefferson and Madison which are all chronological in order. It was done by the Mint in order to remind US citizens of the past US presidents and what they have done for the country. This way, remembering them would not just be fun but also memorable in that they are engraved in gold coins. This is expected to address the demand for presidential coins which has shown a popularity in some surveys that were done for presidential gold coins. It is hoped that through this method, a lot of Americans will become better acquainted with their past and also remind them of those who have helped build the now prestigious United States of America.

The coins will feature the same designs that can be found in US coins such as the famous “In God We Trust” motto and the image of the president that it is representing. They will also contain the mark of the mint where they were struck and also the year when they were made. They will also have the distinguishing markings in the rim and also the physical features to enable those who have disabilities to identify the coin. They will also have an electromagnetic signature and also the famous Statue of Liberty. The coins will also include the years in which that particular president served in the White House.

The US Mint will also issue a proof set for these coins corresponding to the average presidential gold coins. The only difference being that the proof sets will have a more striking relief and also an effect which makes the image look like its floating on the surface.  They will also be specially packaged so that these coins will not have to deal with the damages that usually occurs when being handled.

The mints that will be producing the circulated gold coins will be the mints in Philadelphia and in Denver while the proof sets will be produced by the San Francisco Mint. Hence the coins will carry their corresponding signs P,D, and S consecutively. There will also be differences in the edging of the coins and also the positions of the lettering. Some may be facing upwards while others may be inverted.

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To commemorate the first president of the United States, the George Washington coin was the first to be produced in the series. They contain the features of the president and also the Statue of Liberty and the year of the minting issue. The larger size of the coin allows more space for the designing and the lettering of these coins.

Five Dollar Gold Coins

Five dollar gold coins were made during the eighteenth century from the year 1795 up to 1929. There are several designs of these “half eagles” as they were commonly known by having a value of the regular ten-dollar eagle coin. They feature the images of an eagle, the head of the Statue of Liberty and also Indian heads depending on the period wherein they are produced. Knowing that they were made during the late 1700’s, one would know the preciousness of these coins and also of their durability for all these years.

The five dollar gold coin was among the first coins to be issued by the US Mint. It was contemporary with the more known $10 gold eagle coin and was issued featuring almost the same images on their facade. The coin had a new design during the presidency of Roosevelt which marked the beginning of the appearance of Indian heads on the coin.  It contains the head of a native Indian and also the eagle on the other side.  The production was however ceased during the war in the 1920s.

Although there are various designs of these coins, there are only two commonly known designs for the five dollar coin.  They are the more recent issues which were those produced by the US Mint from 1839 up to 1929. They are the coins which feature the head of Liberty and also the Indian type of coins. The most popular among the two being the Liberty head type which also features an eagle on its other side. The Indian type has a different process of creating the image in it which is sunk and not above the surface of the coin.  It also features the eagle. On most five dollar coins, the mark of the Mint can be found on its reverse near the eagle and the Indian type has its mark on the arrows. The coins condition can rate from the following Very Fine, Extremely Fine, About Uncirculated, and Uncirculated Condition. Coins that are in uncirculated condition are worth the most to investors.

The cost or value of this coin reaches for up to less than $100,000 which is the most that a coin of this type has been bought in an auction.  The rarity of these coins make them all worth the purchase. The more common Liberty head types cost a lot less at about $200 a piece. You can find a variety of the minting dates for these coins but the eldest that has been found for this coin was about 1875.  It was an issue from the Mint in San Francisco.

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There is a collection from Louis Elaisberg which has preserved these coins at almost in mint condition. It commanded such a high price which can be expected from a coin like it. The other type of five dollar eagle coin will cost about $300 bearing the minting date from 1908 up to 1929. Although the 1929 issue is the more recent date, it still is the most costly among the series since they are more rare and thus harder to acquire. The most that a coin like this can cost you is about $8,000.

Gold Buffalo Coin

The American Buffalo gold coin is one of the purest types of gold coins in the world today. Having a purity of .9999, it ranks with the Canadian Maple Leaf as one of the most beautiful gold coins in a collection. It has a face value of fifty dollars while the gold content amounts to more than a thousand dollars depending on the prevailing price of gold in the market. It weighs for one ounce and hence makes a perfect coin for investing also. It was issued by the US Mint in order to produce a gold coin that will have the highest karat as a gold coin.

The coin has a diameter of 32.7 mm and its thickness is 2.946 mm. It has the design of the native American Indian and the buffalo at its reverse side. The pricing of this coin depends upon the current spot price of gold in the market which reaches to about $1,600 today plus the premiums that will be added to it. Finding this would be very easy as the internet now produces the current gold price in real time and also you can find the current selling prices from those who are dealing with selling gold coins.

The design of the coin was based on the history of the United States and the most prevalent themes in the past.  The person commissioned to do the job was James Fraser who is one of the best sculptors during that period. The design became so popular that it was used for the bullion coin and the proof silver coins on the past 2001 minting issue. There are several Indians who actually posed for the sculptor in order to serve as models for the Indian head.

The buffalo coin contains 24 Karat gold in one ounce. It was the first type of coin to be issued by the United States Mint having the highest type of gold purity.  The design however was based on the 1913 nickel which featured the buffalo and was henceforth known as the buffalo coin. It was supposed to enable buyers of gold coin to have an investment in .9999 pure gold in their keeping. The first coins to be issued were made during 2006 and has since marked the beginning of the manufacturing of high gold quality coins in the United States Mint. Although the value of the coin itself is already great, one can still appreciate the worth of the design that is contained in it. It is, in a way, a good method of presenting the rich history behind the making of the United States as a nation.  You can learn more about purchasing the coin directly from the U.S Mint here.

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The minting of the coin was temporarily stopped on 2008 due to the subsequent crash of the economic market.  The coin however is still considered to be one of the best coins to have in one’s collection. It has been dubbed as “American Buffalos” or the “Buffalo Gold” as it has now been more commonly known due to its design.