Gold coins have long been a popular choice for investors looking to diversify their portfolios and protect their wealth. In 2022, one gold coin stood out as the bestselling option for investors around the world: the American Gold Eagle.
The American Gold Eagle is a bullion coin produced by the United States Mint. It was first introduced in 1986 and has since become one of the most popular gold coins in the world. The coin is made from 22-karat gold, which is an alloy of gold and copper, and features a design that is steeped in American history.
The front of the coin features a rendition of Lady Liberty holding a torch and an olive branch. This design was originally created by Augustus Saint-Gaudens, a renowned American sculptor, and was used on the double eagle gold coin from 1907 to 1933. The reverse of the coin features a family of eagles, with the male eagle carrying an olive branch in its talons and the female eagle and its hatchlings in a nest.
So why was the American Gold Eagle the bestselling gold coin in 2022? There are several factors that contributed to its popularity.
Firstly, the American Gold Eagle is a recognized and trusted coin around the world. Its design and quality are well-established, making it an attractive option for investors who are looking for a reliable store of value. The coin is also backed by the US government, which adds an extra layer of security for investors.
Secondly, the American Gold Eagle is available in a range of denominations, from 1/10 ounce to 1 ounce. This makes it a flexible investment option that can be tailored to suit different investment goals and budgets. Investors can choose to purchase just one coin or build a diverse portfolio of different denominations.
Thirdly, the American Gold Eagle is widely available from reputable dealers around the world. This makes it easy for investors to purchase the coin and to sell it when they need to. The coin's popularity also means that there is a robust market for it, with buyers and sellers willing to trade at fair prices.
Finally, the American Gold Eagle has historically performed well as an investment. Gold prices have been on the rise in recent years, driven by global economic uncertainty and political tensions. In 2022, gold prices reached new highs, with the metal trading at over $1,900 per ounce in February. This has made the American Gold Eagle an attractive investment option for those looking to protect their wealth against inflation and other economic risks.
In conclusion, the American Gold Eagle was the bestselling gold coin in 2022 for several reasons. Its design and quality are well-established, it is available in a range of denominations, it is widely available from reputable dealers, and it has historically performed well as an investment. These factors, combined with the ongoing economic uncertainty and political tensions around the world, have made the American Gold Eagle an attractive option for investors looking to diversify their portfolios and protect their wealth.
