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When considering an investment in gold coins, it is important that you understand the benefits and risks of American Eagle gold bullion coins and certified rare Double Eagle coins. Many investors simply jump into either investment without doing the proper research would like to explain these two popular products in order to make your investing decision easier and more successful. Below we clarify the exact benefits and risks in two simple categories:
Modern Bullion Coins.
The modern American Eagle gold bullion coins first saw production in 1986 and are still minted to this day. These modern bullion coins are mostly used by short-term profit seeking investors looking to buy low and sell high and repeat, although there are many cases where investors hold onto them for a long period of time. Bullion products are susceptible to confiscation in the event that the economy gets so bad that the government needs to confiscate gold in order to back up the United States Dollar. They usually carry a small premium over the daily market spot price.
Certified Rare Coins
The Double Eagles first saw production as a bullion coin in 1907 until 1933 when all bullion products were confiscated in order to back of the United States Dollar. Many of these coins survived into the modern day and were certified by companies such as the Professional Coin Grading Service and the Numismatic Guaranty Corporation. These certified rare coins are mostly used by investors looking for long-term profit and preservation. One of the most important things about these coins is that since they are considered a rarity now, they cannot be confiscated once again in order to back of the United States Dollar. They usually carry a larger premium over the daily market spot price.