The Fractional Gold American Eagle May Be Smaller But Is Just As Collectible
There are a number of reasons why one may collect a Fractional Gold American Eagle.
A fractional coin looks the same as the one ounce bullion coin except the size and weight are different.
However, the cost of the coin will be more even though there is less weight of the precious metals than the bullion.
Depending upon who you speak with, the American Eagle (one ounce) can be compared to what is called a Kruger.
The full name is Krugerrands and was first issued by the South African mint in 1967.
The coin was produced to help market the gold mined by South Africa.
The release was a success and eventually other countries followed by producing their own one ounce coins.
In fact, Africa took another lead in the market in 1980 and released 3 smaller coins, or fractional coins, in the amounts of 1/2 ounce, 1/4 ounce and 1/10 ounce.
These smaller amounts again became popular and again other countries followed suit.
This of course is what happened to the Gold American Eagle.
Today, not only can you purchase the American Gold Eagle but you can also purchase Fractional Gold American Eagle coins.
The American fractional versions weren't produced until 1986 except the 1/4 ounce didn't go into production until a year later.
One interesting feature of the various minted coins is that the fractional coins produced between 1986 and 1991 have Roman numerals to state the date.
Then in 1992, the date was then stamped using Arabic numerals.
The date is one way to determine the minted period of the coin.
The fractional coins weren't as popular and they were typically purchased individually so they were issued with higher premiums.
In addition, you will find that the smaller the coin, the higher the premiums.
For this, many who sell bullion coins would tend to stay away from the fractional coins and only deal with the one ounce bullions due to the low popularity.
The technical specifics on the Fractional Gold American Eagle follows: Half ounce - face value = $25.
00; diameter - 27.
0 mm; gold content - 15.
552 grams Quarter ounce - face value = $10.
00; diameter - 22.
0 mm; gold content - 7.
776 grams Tenth of an ounce - face value = $5.
00; diameter - 16.
5 mm; gold content - 3.
110 grams Each size does however contain the same percentage of precious metals but at smaller quantities.
These percentages are 91.
67% gold or 22 Karat, 5.
33% copper and 3% silver.
These figures are according to the Gold Bullion Coin Act of 1985.
The price for each fractional coin is set accordingly to current market rates.
If you are interested in buying a Fractional Gold American Eagle and would like to know a price, you will need to contact a coin dealer or qualified numismatic who can provide the information you need.
When choosing a company to purchase, ensure that they are reputable to ensure you receive quality service and current and correct information.
Precious metals such as gold are not renewable as the gold is formed once in the ground and then extracted to create a number of products such as coins.
The Fractional Gold American Eagle is one such product and will always be treasured by numismatics young and old alike.
A fractional coin looks the same as the one ounce bullion coin except the size and weight are different.
However, the cost of the coin will be more even though there is less weight of the precious metals than the bullion.
Depending upon who you speak with, the American Eagle (one ounce) can be compared to what is called a Kruger.
The full name is Krugerrands and was first issued by the South African mint in 1967.
The coin was produced to help market the gold mined by South Africa.
The release was a success and eventually other countries followed by producing their own one ounce coins.
In fact, Africa took another lead in the market in 1980 and released 3 smaller coins, or fractional coins, in the amounts of 1/2 ounce, 1/4 ounce and 1/10 ounce.
These smaller amounts again became popular and again other countries followed suit.
This of course is what happened to the Gold American Eagle.
Today, not only can you purchase the American Gold Eagle but you can also purchase Fractional Gold American Eagle coins.
The American fractional versions weren't produced until 1986 except the 1/4 ounce didn't go into production until a year later.
One interesting feature of the various minted coins is that the fractional coins produced between 1986 and 1991 have Roman numerals to state the date.
Then in 1992, the date was then stamped using Arabic numerals.
The date is one way to determine the minted period of the coin.
The fractional coins weren't as popular and they were typically purchased individually so they were issued with higher premiums.
In addition, you will find that the smaller the coin, the higher the premiums.
For this, many who sell bullion coins would tend to stay away from the fractional coins and only deal with the one ounce bullions due to the low popularity.
The technical specifics on the Fractional Gold American Eagle follows: Half ounce - face value = $25.
00; diameter - 27.
0 mm; gold content - 15.
552 grams Quarter ounce - face value = $10.
00; diameter - 22.
0 mm; gold content - 7.
776 grams Tenth of an ounce - face value = $5.
00; diameter - 16.
5 mm; gold content - 3.
110 grams Each size does however contain the same percentage of precious metals but at smaller quantities.
These percentages are 91.
67% gold or 22 Karat, 5.
33% copper and 3% silver.
These figures are according to the Gold Bullion Coin Act of 1985.
The price for each fractional coin is set accordingly to current market rates.
If you are interested in buying a Fractional Gold American Eagle and would like to know a price, you will need to contact a coin dealer or qualified numismatic who can provide the information you need.
When choosing a company to purchase, ensure that they are reputable to ensure you receive quality service and current and correct information.
Precious metals such as gold are not renewable as the gold is formed once in the ground and then extracted to create a number of products such as coins.
The Fractional Gold American Eagle is one such product and will always be treasured by numismatics young and old alike.
