Double Eagle Gold Coins – 5 Reasons Why They Are Gaining Popularity

Double Eagle Gold CoinsDouble Eagles are historical American bullion coins that were being struck for a time period from 1849 through crucial in monetary history 1933 year notable for Roosevelt’s gold confiscation act ordering Americans to turn in all their gold coins and certificates. Double Eagles come in two main designs, Liberty Head and Saint Gaudens. In 1933 because of the above mentioned confiscation act, it became illegal to own any gold for individuals, so no 1933 Double Eagles were actually released to the public. However, approximately 10 coin pieces were stolen by an employee of US Mint but later returned and destroyed. One surviving 1933 Double Eagle was sold at an auction for a shocking amount of over $7.5 million.

These coins combine superior bullion content with unparalleled sense of history. Let’s take a look at why these coins are becoming more popular every day.

1. There Is A US Currency Value

Double Eagle gold coins have a currency value of twenty US dollars. This is a lot less than the spot and market price of the gold that the coin includes right now, but this currency value means that even if price of the metal dropped down to one penny an ounce you could still get twenty dollars for the coin and not suffer a complete loss of capital.

2. Precious Metals Prices Have Hit Record Prices

One of the biggest reasons that Double Eagle gold coins have become so popular is that the prices of precious metals continue to go up after reaching record levels. This has caused many more investors to turn to both gold and American Eagle silver bullion coins in an effort to cash in on the rising price of this metal.

3. A Standard Quantity And Specified Purity Level

When you purchase American Eagle gold coins there are no surprises, and you know exactly what you are getting for you money. You can choose from varying sizes with these coins, but the Double Eagle gold coins are only available in one size.

4. These Coins Are Widely Recognized And Accepted

The Double Eagle gold coins are one of the most widely recognized and accepted gold coins ever minted. These are one of the most popular options in gold coin investments, and for most investors a gold Eagle coin is as desired as Krugerrands and Maple Leafs.

5. The Global Economic Downturn

The economic downturn around the world in the last few years has caused many investors to turn to Double Eagle gold coins and other precious metals investments instead of choosing stocks and other higher risk options for their investment capital. Even with the current American Eagle gold bullion coins price most investors are sure that gold is going to continue the climb and consider the cost a good investment expense.