The Historic Lure of Gold Coins
Mar 10th 2025
The pirate opens his treasure chest, the dragon enters its lair, the king surveys his vault. All are filled with golden treasure, gold jewelry, gold tableware, gold ornaments and gold coins. We would all love to have a trove of these beautiful and valuable items for ourselves, as gold offers the promise of security in uncertain economic times like these.
In general, there are many ways to collect gold. Gold coins, however, are often considered one of the best, as they do not focus solely on the metal; instead, they combine the appreciation of artistry, numismatic value and precious metal content.
Gold has established the monetary value of currency throughout much of history. Historically, coins have been minted from this precious metal since around 500 B.C. in Persia right up to the present day. The United States itself has a long history in the production of gold coins, but many of these are now beyond the means of the average coin collector.
With gold outpacing the market in the past ten years, gold coins have become increasingly expensive – and much more difficult to procure. Demands for gold and the price of gold have reached record highs and many investment professionals advise diversifying portfolios with hard asset gold.
Not all gold coins are out of reach, though. There are affordable options for collectors, given the U.S. Mint’s production of American Eagle gold bullion coins in a variety of denominations. The compact tenth-ounce gold piece, for example, is one of the most popular pieces of the Mint’s ongoing Gold Eagle series. The five-dollar gold piece contains one-tenth of an ounce of pure 22 karat gold and is affordable.
American Eagle bullion coins were first congressionally authorized for production in order to provide affordable and convenient ways to add silver, gold, and platinum to investment portfolios. These coins are meticulously produced and each coin’s content, weight, and purity is guaranteed by the United States’ government.
The obverses of these coins were all designed by Augustus Saint-Gaudens, with the “Standing Liberty” design, originally used on U.S. twenty-dollar gold pieces from 1907 through 1933. American Eagle gold coins are made in four denominations: a $50 coin with one ounce of gold; a $25 coin with a half an ounce of gold; a $10 coin at a quarter of an ounce of gold; and the $5 coin at a tenth of an ounce of gold. Each coin is made of 22 karat gold.
Historic gold coins are also desirable for collectors and both the U.S. and many other countries have collectible options to consider. When you are ready to add gold to your collection you can check out a few options here.