1986 50 Dollar 1 Oz Gold Eagle Proof
The 1986 50 Dollar 1 Oz Gold Eagle Proof is an exquisite piece of American history. Struck by the United States Mint, this coin is one of the most sought after coins in the world. As the name suggests, this gold coin has a face value of $50 and is made of 1 oz of pure gold. What sets this coin apart from others is its proof finish, which gives it a mirror-like appearance.
History of the 1986 50 Dollar 1 Oz Gold Eagle Proof
The Gold Eagle series was first introduced by the United States Mint in 1986. The series was launched to compete with other popular gold bullion coins such as the Canadian Gold Maple Leaf and the South African Krugerrand. The 1986 50 Dollar 1 Oz Gold Eagle Proof was the first coin in the series and has since become a collector's item.
The obverse of the coin features Lady Liberty holding a torch and an olive branch, while the reverse features a family of eagles. The design was created by Augustus Saint-Gaudens and was first used on the Double Eagle gold coin in 1907.
Specifications of the 1986 50 Dollar 1 Oz Gold Eagle Proof
The 1986 50 Dollar 1 Oz Gold Eagle Proof is made of 22 karat gold, which means it contains 91.67% gold and 8.33% copper. The coin has a diameter of 32.7mm and a thickness of 2.87mm. The weight of the coin is 1 oz or 31.1035 grams.
The coin is considered legal tender in the United States and has a face value of $50. However, the true value of the coin is much higher due to its gold content and rarity.
Value of the 1986 50 Dollar 1 Oz Gold Eagle Proof
The value of the 1986 50 Dollar 1 Oz Gold Eagle Proof varies depending on several factors such as the condition of the coin, the rarity, and the current market price of gold. As of August 2021, the value of the coin ranges from $2,200 to $3,000.
Collectors are willing to pay a premium price for coins that are in excellent condition and have been graded by a reputable grading agency such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
Why Invest in the 1986 50 Dollar 1 Oz Gold Eagle Proof?
Investing in the 1986 50 Dollar 1 Oz Gold Eagle Proof can be a smart decision for several reasons. Firstly, gold has proven to be a safe-haven asset during times of economic uncertainty. The value of gold typically increases when the stock market is volatile, making it a great hedge against inflation.
Secondly, the 1986 50 Dollar 1 Oz Gold Eagle Proof is a rare and collectible coin. As time passes, the value of the coin is likely to increase due to its scarcity and historical significance.
Lastly, the coin is considered legal tender in the United States, which means that it is exempt from certain taxes such as sales tax and capital gains tax. This can make it a more attractive investment option compared to other forms of gold such as bullion bars or jewelry.
Where to Buy the 1986 50 Dollar 1 Oz Gold Eagle Proof
The 1986 50 Dollar 1 Oz Gold Eagle Proof can be purchased from several sources such as coin dealers, online marketplaces, and auction houses. When buying the coin, it is important to ensure that it is genuine and has been graded by a reputable grading agency.
Some popular coin dealers that sell the 1986 50 Dollar 1 Oz Gold Eagle Proof include APMEX, Gainesville Coins, and JM Bullion. Online marketplaces such as eBay and Amazon also offer the coin for sale, but it is important to exercise caution when buying from these sources.
Conclusion
The 1986 50 Dollar 1 Oz Gold Eagle Proof is a remarkable coin that has captured the hearts of collectors and investors alike. Its historical significance, rarity, and beauty make it a valuable addition to any collection or investment portfolio. Whether you are a seasoned collector or a novice investor, the 1986 50 Dollar 1 Oz Gold Eagle Proof is a coin that should not be overlooked.