As time goes by and the value of the dollar goes down, many are beginning to sell their precious metal coins–whether they’re rare or not. The reason for this is mainly because of the growing uncertainty we are seeing on a global scale. The investment opportunity in quality precious metals is making more sense to investors, especially when it comes to American Eagle coins West Palm Beach.
The American Eagle is the top-selling coin in the world. It was first authorized by the Bullion Coin Act of 1985 and imprinted with unique gold and silver content. The American Eagle coins are legal tender because they have a “face” value.Another notable feature of American Eagle coins is their market price. Currently, their value is dependent on the market value of its metal content, plus a small premium to cover coinage and distribution.
Gold eagle coins 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, both of which diminish resale value. Other features include the following:
Monetary policy has shown to have a strong influence on gold prices. It is an economic policy that aims to carry out macroeconomic goals like low inflation, financial stability, high economic growth, and low unemployment.
Nowadays, third-party services validate and mark coins, making it easier for inexperienced investors to get involved without figuring out complex grading standards. At Endeavor Metals Group, we make sure that all coins and bars you purchase are authenticated and graded accordingly.