Double Eagle premiums increase during Y2K scare In time, though, the fear of confiscation died, and premiums shrank. Nevertheless, many investors switched to Double Eagles and their premiums rose substantially. However, only a symbolic ban on the importation of Krugerrands was imposed, and there was never any proposal in Congress (or anywhere else for that matter) to confiscate Krugerrands. government.Ĭonfiscation was an easy story to sell because South Africa’s apartheid system was being condemned worldwide and the negative publicity surrounding the issue lent credence to the idea of confiscation. As a result, many dealers as a means to generate income recommended that South African Krugerrands, which then dominated the bullion coin market, be traded for Double Eagles, asserting that Krugerrands were going to be confiscated by the U.S. In the early 1980s, when gold prices were in decline after their run-up to $850 in 1980, little new money was entering the gold market. Walking Liberty half-dollars, minted 1916-1947.Įarly 1980s Double Eagle Gold Coin promotions Weinman rendition of Lady Liberty, and it graces the classic U.S. Mistakenly, new investors often refer to the Lady Liberty design as the Walking Liberty, which it is not. Any initial confusion is understandable because of the similarity of the coins, as both coins carry the famed sculptor Augustus Saint-Gaudens’ design of Lady Liberty. Mint began producing in 1986 for sale to gold bullion investors. Investors new to the gold coin market often confuse the Double Eagles with the modern Gold Eagles, which the U.S. The official gross weight of the Double Eagle gold coin is 516 grains, but what is important for investors to know is that the Double Eagle gold coin contains.
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9675 ounce of gold in an alloy of 90% gold and 10% copper. The Double Eagle gold coin measures 34 mm in diameter and contains. Double Eagle coin specsĭouble Eagle gold coins are two types: the $20 Liberty Head gold coins (1850-1907) and the St.
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Readers of this page will learn the major flaws in both reasons.
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Promoters usually cite two reasons for buying Gold Double Eagle Gold Coins: Roosevelt’s 1933 call-in and the potential for premium increases. Invariably, telemarketers price Double Eagle gold coins several hundred dollars above the going market for the coins. Today, Double Eagle gold coins are the most frequently promoted gold coins by telemarketers, and all investors who are considering buying Gold Double Eagles need to get all the facts before writing any checks. Double Eagles Gold Coins are highly promoted