Have you seen the privately minted quarter pound Gold Eagles? These were produced by the Washington Mint, and no the Washington Mint is not part of the actual US Mint, but rather a private minting company lucky enough to be located in Washington. Their products are really more along the lines of collector's items and novelty coins than they are real, actual investment grade coins for serious gold eagle investing.
The quarter pound Gold Eagle coins are an interesting item that you might like to have around for fun, but to be honest we can't recommend them for serious Gold Eagle investing purposes. The actual metal content of the coin is comprised of a quarter pound of silver at .999 fineness with a 24 karat plating. So of course it's not actually a quarter pound of gold, but a quarter pound of silver with a thin, easily scratched gold plate on the surface.
That said, the design by Augustus St. Gaudens looks wonderful on this 3.5 inch diameter mammoth of a coin (or "art round", as they're sometimes called). Yet it's still just a quarter pound of silver, albeit a very attractive quarter pound of silver.
If you hold some Gold Eagles or are looking to get into Gold Eagle investing then all we can say regarding these collector's items is that... these aren't real American Eagles. They're not produced by the mint and they're not comprised of real gold. The upside is that if you wanted to melt it down for the silver content then that's completely legal since it's not real money.
Since real Gold Eagles are, well, real gold, their prices do tend to go up over time alongside the price of gold bullion. Furthermore, since the coin are offered in various sizes they've made gold investing a practical option for just about anybody. If you have the money you can buy the coins in large quantities as the backbone of your investing plans. Otherwise, you can add another 1/10 five dollar piece to your gold stash whenever you have the free cash to do so, and leave yourself with a solid resource should an unexpected financial setback befall you. Or you can buy the coins a few at a time and add them to your savings as is convenient.
Really, accessibility is what it's all about when it comes to gold eagle investing. You don't need to buy the precious metal a few thousand dollars at a time, you can simply top your investment off with another half ounce or so whenever you feel it's prudent to do so. You can sell a few off for some extra cash on a rainy day or cash a few ounces in for a vacation without dipping into your other funds, or you can use your earnings over time to start a new business venture. Gold has always been a strong way to provide yourself with a degree of financial security and the coins being produced by the Mint are a great way of making financial independence a little more convenient.
So, if you like quirky collector's items or if you just want a nice big 3.5 inch Saint Gaudens to show off to your friends then the giant quarter pound coin might be a fun little novelty, but don't confuse it with the real deal and try to use it for real gold eagle investing.
The quarter pound Gold Eagle coins are an interesting item that you might like to have around for fun, but to be honest we can't recommend them for serious Gold Eagle investing purposes. The actual metal content of the coin is comprised of a quarter pound of silver at .999 fineness with a 24 karat plating. So of course it's not actually a quarter pound of gold, but a quarter pound of silver with a thin, easily scratched gold plate on the surface.
That said, the design by Augustus St. Gaudens looks wonderful on this 3.5 inch diameter mammoth of a coin (or "art round", as they're sometimes called). Yet it's still just a quarter pound of silver, albeit a very attractive quarter pound of silver.
If you hold some Gold Eagles or are looking to get into Gold Eagle investing then all we can say regarding these collector's items is that... these aren't real American Eagles. They're not produced by the mint and they're not comprised of real gold. The upside is that if you wanted to melt it down for the silver content then that's completely legal since it's not real money.
Since real Gold Eagles are, well, real gold, their prices do tend to go up over time alongside the price of gold bullion. Furthermore, since the coin are offered in various sizes they've made gold investing a practical option for just about anybody. If you have the money you can buy the coins in large quantities as the backbone of your investing plans. Otherwise, you can add another 1/10 five dollar piece to your gold stash whenever you have the free cash to do so, and leave yourself with a solid resource should an unexpected financial setback befall you. Or you can buy the coins a few at a time and add them to your savings as is convenient.
Really, accessibility is what it's all about when it comes to gold eagle investing. You don't need to buy the precious metal a few thousand dollars at a time, you can simply top your investment off with another half ounce or so whenever you feel it's prudent to do so. You can sell a few off for some extra cash on a rainy day or cash a few ounces in for a vacation without dipping into your other funds, or you can use your earnings over time to start a new business venture. Gold has always been a strong way to provide yourself with a degree of financial security and the coins being produced by the Mint are a great way of making financial independence a little more convenient.
So, if you like quirky collector's items or if you just want a nice big 3.5 inch Saint Gaudens to show off to your friends then the giant quarter pound coin might be a fun little novelty, but don't confuse it with the real deal and try to use it for real gold eagle investing.
