FAP Turbo

Make Over 90% Winning Trades Now!

Tuesday, December 22, 2009

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.

From 1907 to 1933 the graphic created by Augustus Saint-Gaudens was selected for use on the $20 gold piece. 1986 saw the resurrection of the graphic for the coins. Available in bullion and proof, these coins can be purchased by anyone. Also shown on some coins is Walking Liberty design by Adolph A. Weinman. Created originally in 1916, the graphic was used on the half 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.

Other proof types of coins are available through the United States Mint. A special process is required for these coins that starts with blank coins being inserted into presses that have certain pigments in them. After being hit a couple of times to make the frosted attribute seem to glide over a mirror type field. The coins are then inspected, sealed in plastic and placed in frames with their respective Certificate of Authenticity. The U. S. Mint guarantees that each and every coin will be exactly the same.

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

As with its proof counterpart the coin can be purchased in a one-ounce size. The other American Eagle Uncirculated Coins are available in different sizes.

These coins are put through the exact same process as proof coins are but, they are stamped with a W. The W shows that the coin was minted at the West Point location.

American Platinum Eagle coins can be put in Individual Retirement Accounts because in some cases, they might be considered a commodity and not a rare coin. In general, rare coins or dolls are not allowed to placed in an account such as an I. R. A. Because of this, it is believed that coin will not gain value other than the increase of the metal content itself. - 23218

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home