Fool’s Gold? How to Authenticate a Gold Eagle Coin
Is your Gold Eagle real or fake? Believe in the wisdom of not the outlook but its real genuineness. Most investors seem interested more in finding the us gold eagle price. Authenticity is a must and not high pricing for glittering features.
Get a loupe: no longer for jewelers, but rather like in the pirate ship-a metal detector.
Real beauty is in the design, readable writing, and clean edges of a coin. Intrinsic in the striking of the Gold Eagles are arts in inherent minting that would-be counterfeiters just can’t as easily duplicate. The characteristics scream authenticity, coupled with the weight and size. A Gold Eagle should weigh 1 Troy ounce, or about 31.1 grams. Use a gram scale, but don’t sweat it if it is a little off-you want to see big differences, not tiny ones. For thickness and size, find that ruler in your desk. A real coin is about 2.87 mm thick, and has a size of 32.7 mm across.
Halt, measure, breathe in, or out.
Of course, more realistic tests for realistic gold coins would be to use a metal tester, which is quite reliable against counterfeit ones. Very well-priced but if the serious dealing with gold is being done, then it is indispensable. It’s almost like X-ray vision with few false alarms. Of course, if it sounds like a specimen of Gold Eagle, then expert opinion may be needed.
Get the coins authenticated for peace of mind, and it adds value by turning guesswork into knowledge. Flip that coin! Real Gold Eagles flip in a different manner than most. It should flip to show both sides when tossed. Otherwise, it may be yet another double with a cover of gold. Run your finger along the edge. Real Gold Eagles have smooth even serrations many of the cheaper copies do not.
Story time! The coins are like cousins talking to each other. Since 1986, the U.S. Mint minted the Gold Eagle with depictions of Lady Liberty on one side and eagles on the other, so symbolic it is of history.
Be aware of this so that Liberty and our feathered companions stay pointed in its direction. The concept of counterfeiters has always been thought of as sneaky people in trench coats. They then sell these forgeries onto the real collectors of the coins, thus messing up the world of the collectors. They devaluate the real collection and come along with every gold rush ready to steal your cash.
From the 1oz Gold Britannias to the Quarter Sovereigns, it would be rather difficult to resist their charm. Knowledge would be your guide and skill your tool. Ironically, original gold does not change color under a black light. Devious imitations gleam under the ultraviolet light like a disco ball.
The next time one of these Gold Eagles finds its way into the palm of your hands, recall some handy tips that will leave even the most sophisticated of counterfeits holding a worthless, fake gold!
What does the US Gold Eagle Coin derive its value from?
It gleams in its casing-the temptations of gold! What does lie behind the US Gold Eagle price? To many collectors and investors, it is the ultimate find.
The price doesn’t do justice to how really good-looking the US Gold Eagle is. Now let’s track what gives the price to these beauties-inserting some sense of humor even in the practical part.
Once a symbol of the wealth of kings and traders alike, today gold has taken on the likeness of a roller coaster-amidst turbulence-sparked by fluctuating prices. The actual weight of the gold determines the price, while the real value compared to market trends determines the value of the Gold Eagle.
The real charm is in their being rare. After all, “ain’t nobody got time” for some common coins, right? It is this rarity, such as in the 1oz Gold Britannia or even a Quarter Sovereign, that gives the gold coin that market edge. After all, the eagle is as good as its substance combined with demand from collectors.
Special issues and proofs coming out of the US Mint astronomically inflate in value via supply and demand. The rarer the release, the better it is for coin collectors who happen to chance upon it. The more into it someone gets, the more he or she wants a such-and-such coin over a perfect quarter-ounce one.
Condition does matter! They are like classic cars without a dent, bump, or ding and are graded from New 70 down to well-circulated. Not all Gold Eagles are perfect; even insignificant blemishes dramatically reduce their pricing.
Flea markets can be demand-oriented, and it’s all about demand driving the deal. Buying a woolen coat in the middle of a blizzard may raise prices. When demand shifts, pricing does, too. Desires and budgets can be quickly shifted by whimsical economic indicators, global issues, or even a presidential tweet. Price increases because of design features bring out the brilliance of gold bullion above Bullion Coins. For anyone who ever has looked in awe at the St.
Gaudens on Gold Eagles, it’s a sure thing: Artistry counts! The wavy lines around ‘9’ in price tags represent something called the premium factor, accounting for risks in manufacturing, advertising, and selling rare coins. It is this premium that has gotten in the way of carrying out appropriate financial analysis of the US Gold Eagle against other types of gold coins.
The world is full of sophisticated political problems. As long as there is chaos, gold seems to act like a lighthouse. That in itself could push its price higher and alter the valuation during such instability.
Worth far outweighs beauty. U.S. Gold Eagles are ambassadors of history, mapping the ups and downs of the economy, relating the generations through the American Eagle-an ambassador of America’s economic power and the silent financial whispers. Close the eyes and picture in the mind a Silver Britannia Coin. Now picture an Eagle of Gold-a caricature of history and of wealth, a status symbol that has stood guard over the treasure, the pirate’s strong box full of gems. Market sentiment is predictable: It comes with seasons, much as in weather, but it mostly doesn’t.
Valuable tokens mean understanding the mood of everything; just as understanding the tax law, the rate of interest being different orchestra members playing to the tune or in discord with the conductor-gold. The other prospectors have a say, too. Campfire stories will give more on gold trends and discovery than books can share. Go ahead seeking different opinions, but do not fail to trust your judgment. Nobody can predict the market; therefore, any little information may help to sail through tussles lying ahead.
