Numismatic Gold Coins
The world’s fair of money is coming to Chicago from the 16th to the 20th of August 2011. $1 billion worth of numismatic gold coins and currency will be on display in this fair. The Smithsonian, the largest museum and research complex in the world, and the Treasury Department will be putting up the $100,000 bills as well as the Gold Rush-era’s “Double-Eagle” 1849 numismatic gold coins. According to Larry Shepherd, the Executive Director of the American Numismatic Association, this will be a once in a lifetime chance to see such coins. The opportunity to buy or sell currency and coins of numismatic value is also provided at the fair.
Struck by the US Mint in Philadelphia during the days of the California Gold Rush, the American Double Eagle valued at $15 million last year is now worth $20 million. The Smithsonian’s exhibit will also explain the evolution of the $20 Double Eagles. The American Eagles have by far been widely traded gold coins. First minted in 1795, the series still continues to exist even as bullion gold coins.
The American Eagle Numismatic Gold Coin
Many countries mint gold coins for numismatic exchanges. Such coins emphasize on unique aspects of the country and its tradition. Like the Australians popularize their national animal with the Gold Kangaroo. The American Gold Eagle stands out among other coins because of its lovely design, and because its value is backed by the United States government. At first these coins were minted as currency and today have attained numismatic value.
Quarter Eagle: It is a $2.50 gold coin struck by the U.S. Mint from 1796 to 1929. They were minted in small numbers as compared to some other US coins. Therefore these gold coins are quite rare.
Especially the Turban Head $2.50 Gold Coin, which was minted in the period 1796-1807. These coins are rare not only due to low mintage but also because a large majority of them were melted down for their gold content at the time.
Half Eagle: It is a $5 gold coin that was minted from 1795 to 1929. It was the first gold coin minted by the United States. Before 1838 all half eagle gold coins were struck in the Philadelphia Mint.
The Eagle: The eagle base-unit of $10 denomination served as the basis of the gold quarter-eagle, the gold half-eagle, the eagle, and the double-eagle coins. This coin was minted as currency until 1933.
Double Eagle: The Double Eagle gold coin was first minted in 1849 in $20 denominations. Its metal content is an alloy of gold (90%) and copper (10%). . Two designs of the coin were minted, the Liberty Head (1849-1907) and the Saint Gaudens (1907- 1933). President Franklin D. Roosevelt stopped the minting of this coin in 1933 and made its possession illegal In the summer of 2002, a 1933 Double Eagle numismatic gold coin was displayed at the Sotheby’s auction where it was sold for a whopping US $7,590,020.
The American Eagle Bullion Gold Coin
The American Gold Eagle was first minted by the US Mint in 1986. It is an official gold bullion coin, authorized by the Gold Bullion Coin Act of 1985. The coin is an alloy of gold, silver and copper for increasing its wear resistance. The prerequisite to its minting is that it has to be made of American sourced gold only. The market value of these coins is dependent on the spot gold prices at the time of sale or purchase.
Other Popular Numismatic Gold Coins are:
- 1787 Brasher Doubloons Gold Coin
- Adelaide Assay Office Gold Ingots
- British Florin
- 1849-C Open Wreath Gold Coin
- 1920 Sydney Mint Sovereign Gold Coin
- 1861-D Gold Dollar Coin
- Spur Royal Gold Coin
- 1879 Flowing Hair Stella Gold Coin