Proof Gold Eagle Coins
For those numismatists who enjoy collecting gold coins, the Evidence American Gold Eagles are an excellent foundation piece of any individual collection. The distinction between bullion and evidence coins is substantial when it pertains to the inherent worth of the coin itself. All American Gold Eagle coins, despite style and surface, bear a face value reflective of the gold content by weight provided by the United States government.
However, the Evidence American Gold Eagle coin has a higher value than even its bullion counterpart. All variations of the coin have a value well beyond their stated value, holding a value that is in line with the price of gold and based upon the purity and metal content of the coin. For the Proof American Gold Eagle, The value can soar well beyond even the bullion Variation with certification from one of the country’s, and world’s, 2 most respected accreditation business. You’ll find more information on Certified Gold Eagles later.
While the Proof Gold Eagles have similarly seen ebbs and flow in their need, real mintage figures have swayed much less distinctly in numeric terms compared to the bullion coins. While bullion coinage has given that drops of more than a million coins in mintage levels over particular five-year periods, the evidence coins have always remained within roughly the same range from lows of 12,000 to highs of 45,000. Only a few years have seen mintage levels far surpassing those optimums.
Burnished Gold Eagle Coins
It wasn’t up until the 20th anniversary of the American Gold Eagle coin series in 2006 that the United States Mint broadened the program to consist of a special burnished coin. Aimed straight at numismatists who gather and show or display their cherished American Gold Eagles, the Burnished American Gold Eagle (likewise referred to as an uncirculated Gold Eagle) is struck using a special coining process that is similar to the one utilized in the production of proof coins.
The United States Mint begins the coining process for burnished gold eagles by loading all of the blanks, referred to as planchets, into a spinning drum. In the past, this action in the procedure used wet sand as a friction representative that worked as a polishing media to provide the blanks a unique surface before even being struck. Today, the United States Mint uses numerous 6mm balls to produce a smooth, matte-like surface on the surface of the blanks.
Once each blank has been sent out through the spinning drum, the individual blanks are secured one at a time by mint workers using white gloves. The blanks are transferred by hand, wearing gloves, to the creating press to avoid polluting the surface of the blanks with oil and dirt from human skin. Each blank is then hand filed into the creating press for striking. All blanks are struck under higher pressure than bullion coins and regular blood circulation currency, producing a striking surface.
Proof Gold Eagle Coins
Although the Burnished American Gold Eagle undergoes a similar coining process to proof coins, the look of these coins is typically compared more carefully to that of the bullion coin in the series. The polishing procedure the coins go through before striking, together with the higher pressure coining procedure, leaves each coin with a softly frosted appearance. The procedure also develops a more detailed look at the style functions, such as Girl Liberty and the bald eagles on the reverse.
Each style set’s frosted finish offers it the appearance of floating above the background field of the coin, which is deeply-mirrored. The significant distinguishing particular for the casual observer is the presence of a mint mark on the Burnished American Gold Eagle. While the bullion coins do not feature a mintmark, all burnished gold eagles have a “W” mint mark to identify the West Point Mint as the production facility.
Burnished Gold Eagles were initially readily available in all four weights with high demand, however following the 2009 stop in evidence and burnished production, the American Gold Eagle returned with only the 1 oz coin available and mintage figures that were much lower. The most recent figure is 6,888 coins for the 2016 release of the Burnished American Gold Eagle, which is down from post-2009 highs embedded in 2011 and 2014.
Certified Bullion Gold Eagle Info
Both the Numismatic Warranty Corporation and the Professional Coin Grading Service issue coins a grade between 1 and 70 on the Sheldon Numeric Scale. Established in 1948 by Dr. William Sheldon, this scale helps to identify the specific condition of individual coins in an extremely comprehensive way.
Before the development of the Sheldon Scale, coins were graded on physical condition and positioned into 3 categories: Great, Fine, and Uncirculated. It was quickly found that any two coins within the same category could feature significant differences in worth and condition, even if they were of the very same general condition. For example, some Fine coins were in much better condition than other Fine coins.
Today, the NGC and PCGS use the 1 to 70 Sheldon Scale to license the condition of all coins it grades. Each grade starts with a striking type, which includes the following options:
MS: Represents Mint State, and identifies a coin struck in the same format as flow issues and uses to grades 60 through 70.
PF: Represents Evidence, and identifies coins struck in a special format to attract the eye of collectors.
SP: A Specimen coin is one that has a hybrid strike type in between Mint State and Proof.
The most common Certified Bullion Gold Eagle coins have the grades of MS 70 and MS 69. These grades determine coins as follows:
MS/PF 70: These coins are thought about ideal specimens with no post-production flaws when seen under 5x zoom, and include their complete, initial mint luster.
MS/PF 69: These are thought-about near-perfect coins with nearly invisible imperfections. Though they keep complete, initial mint appeal, there is a maximum of two minor imperfections on the coin such as minuscule hairlines.
Also, the NGC and PCGS use a handful of other certification and designation terms for coins that help determine special visual characteristics or special designations in production. These consist of the following:
Early Release: The NGC applies this designation to coins received for accreditation within the very first 1 month of the release date set by the offering mint.
First Day: Another classification that uses to coins received for accreditation within one day of the release date set by the mint, and must get here in sealed product packaging at the NGC or an approved NGC depository.
Qualified Evidence Gold Eagle Info
When the NGC and PCGS grade coins, evidence or bullion, they use a numerical scale called the Sheldon scale, which ranges from 1 to 70, with the previous recognizing the most affordable possible grade and condition, while the latter determines a truly best and flawless coin. While the spectrum of possible grades is quite wide, the most typically provided grades by the NGC and PCGS are 69 and 70, respectively.
As you browse the JM Bullion catalog of Proof Licensed American Gold Eagle Coins, you’ll come across a variety of terms that may appear unfamiliar. Below you’ll discover a breakdown of the commonly used terms so you much better comprehend the worth and condition of the Evidence Licensed American Gold Eagle coins you’re seeing in our online catalog:
PR/PF70: The highest grade offered from either accreditation service, the PR/PF70 grade shows an ideal coin. Products in this condition display full, initial mint appeal and bear no detracting defects of any kind.
PR/PF69: The most commonly provided grade by either service, the PR/PF69 grade is booked for coins that are thought about near-perfect specimens. Coins in this condition still show full, initial mint luster, but you will also observe an optimum of two small detracting flaws. These flaws are restricted in scope to minuscule contact marks or small hairlines and always occur outside the primary focus locations of the coin.
UCAM/DCAM: This term is reserved particularly for proof coins, and it describes the contrasting surfaces and visual luster of the coin’s surface area. Referred to as Ultra-cameo and Deep-cameo, the term refers to coins with a strong, frosted finish on the style set and a deeply-mirrored, clear background field. The contrasting surface designs provide the design fields the appearance of drifting above the coin’s background.