Metal Content: 0.1 troy oz
Thickness: 1.19 mm
Diameter: 16.5 mm
The American Gold Eagle is a prestigious gold bullion coin with a storied history and distinctive design. First minted in 1986 by the United States Mint, the Gold Eagle was introduced as part of the Gold Bullion Coin Act of 1985. The act aimed to offer investors a convenient and secure way to invest in gold and revitalize the American gold market. The American Gold Eagle quickly became one of the most popular gold coins worldwide, sought after by both collectors and investors.
The design of the American Gold Eagle is steeped in American history and symbolism. The obverse of the coin features a rendition of Augustus Saint-Gaudens' classic Lady Liberty design, which originally appeared on the $20 Saint-Gaudens gold coin minted from 1907 to 1933. Lady Liberty is portrayed striding forward confidently, holding a torch in one hand and an olive branch in the other, symbolizing enlightenment and peace. The reverse, designed by Miley Busiek, showcases a family of eagles—a male in flight carrying an olive branch, and a female with her hatchlings in their nest—representing family, strength, and unity.
The American Gold Eagle is unique for several reasons:
Purity: The American Gold Eagle is minted in 22-karat gold (91.67% pure), with the remaining alloy composed of silver and copper. This composition gives the coin added durability and resistance to wear, making it a practical choice for investors who intend to handle or transport their bullion.
Design: The Gold Eagle's design is deeply rooted in American history and culture, with Lady Liberty on the obverse and the family of eagles on the reverse. This timeless and inspiring imagery has made the coin a favorite among collectors and patriotic investors.
Denomination: The American Gold Eagle is available in four denominations: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz, each carrying a face value of $50, $25, $10, and $5, respectively. This range of denominations offers investors and collectors flexibility in terms of budget and investment strategy.
Legal Tender: The American Gold Eagle is considered legal tender in the United States. Although the coin's gold content far exceeds its face value, this aspect adds an extra layer of security and recognition to the bullion.
IRA Eligibility: The American Gold Eagle is eligible for inclusion in Individual Retirement Accounts (IRAs), making it a popular choice for investors seeking to diversify their retirement portfolios with a tangible and valuable asset.