Platinum American Eagles For Collecting And Investing

By Gerald Hampton

Made available to the public in 1997, by the U. S. Mint was the American Platinum Eagles, the official coin of the United States. The coin contains. 9995 platinum. The sizes for sale include 1/10, 1/4, 1/2 and 1 troy ounce. Backed the by U. S. Mint, Congress also sanctioned the coin.

Coin collectors can buy uncirculated coins called proof coins. The proof coins have graphics that change each year.

The drawing made by Augustus Saint-Gaudens was used on the $20 gold piece from 1907 to 1933. Coins in 1986 saw the drawing reintroduced. The coins can be bought in proof or bullion. Certain coins picture the drawing Walking Liberty by Adolph A. Weinman. The drawing was done in 1916 to grace the newly created 1/2 dollar.

The drawing available from 1998 til 2002 was Vistas of Liberty. A bald eagle is pictured on the coins regardless of the changing of the other side every year. The branches of government were depicted from 2006 through 2008 with the Foundations of Democracy. Every denomination has a yearly graphic. The American Platinum Eagle coins are the only coins that have changing designs with each new year.

The United States Mint offers proof styles of the coins for collectors. These coins go through a special process when being minted that starts with feeding empty coins into presses that contain special stains. The coin is then struck several times so the glazed, featured images appear to hover over a mirror-like area. Inspectors then seal these coins in a protective covering and mount them in special presentation cases with their own official Certificate of Authenticity. Because all these coins are manufactured by the U. S. Mint all of them are guaranteed to be the same.

For 2006, the Mint added another coin to the collection which is uncirculated coins.

Available only in a 1 ounce size is the only difference between the two. Any of the other American Eagle Uncirculated Coins can be purchased in varying sizes.

The process for uncirculated coins is similar to that of proof coins. These coins carry a W mark on them meaning that they were minted at West Point.

These coins have their good and bad sides to them. They can be placed in IRA accounts because they are considered commodities due to their metal content. Rare coins are not normally allowed to be placed in investment accounts, but because they are valued on the metal content, collector coins themselves are not expected to increase in value. - 31405

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