BULLION BLURB - The American Eagle Coin Program
Posted on June 12, 2017
The year is 1985 and in order to launch the American Eagle Coin Program, it must first be authorized by an act of Congress. In this case, two acts. The Gold Bullion Coin Act of 1985 and the Liberty Coin Act of 1985 authorized their production.
American Eagle Bullion coins provide investors with a way to add small amounts of physical gold, silver, and now platinum, into their investment portfolios.
Not to be confused with numismatic or commemorative coins, a bullion coin is a coin valued by its weight in a specific precious metal. In most cases, this metal is…drumroll please…gold and silver! We have this feeling, you already knew that one.
Now, silver bullion coins are only available in one ounce sizes, whereas, gold and platinum are offered in four different sizes and denominations; one troy ounce, one-half troy ounce, one-quarter troy ounce and one-tenth troy ounce.
What’s a troy ounce you ask?
Well, one troy ounce equals 31.103 4768 grams EXACTLY. There are 12 troy ounces per troy pound, as opposed to our customary 16 ounces per pound.
To learn more about American Eagle’s and the bullion coin offerings, contact HCC Rare Coins and we can help you with all of your needs.
Submitted by Howard Cook