The American Gold Eagle, a popular gold bullion coin among avid gold investors, is a fascinating coin with a rich history. Read on to learn more about the history and design of this popular coin and your guide to buying it.
Why Invest in Gold?
Gold can be a great way to diversify your investment portfolio. The spot price rises and falls in response to world events that might cause the value of paper investments, such as stocks and bonds, to decline. Gold can also provide financial stability during economic turmoil. If you’d like to begin investing in gold, there’s no better place to start than the American Gold Eagle coin.
History of American Gold Eagles
The American Gold Eagle is an official gold bullion coin of the United States, authorized under the Gold Bullion Coin Act of 1985. The Act was finalized under President Ronald Reagan. As an official U.S. coin, it has become one of the world’s most popular gold bullion coins. Legally, Gold Eagles must be produced from gold sourced in the U.S. and alloyed with silver and copper to produce a more wear-resistant coin of 22-karat gold. In fact, according to the U.S. Money Reserve, “American Gold Eagles are among the only bullion coins whose weight, content, and purity are guaranteed by the U.S. Mint, making this family of coins a popular choice for discerning gold owners.”
American Gold Eagles have face values issued in U.S. dollars and come in four different denominations:
- 1 oz – $50
- 1/2 oz – $25
- 1/4 oz – $10
- 1/10 oz – $5
As the spot price of gold fluctuates, so does the price of American Gold Eagles.
Design of Gold Eagles
The current Gold Eagles’ obverse design features a rendition of Augustus Saint-Gaudens’ full-length figure of Lady Liberty holding a torch and an olive branch. The reverse side, designed by Miley Busiek in 1986, features a family of eagles (for now)!
Recently, the U.S. Mint announced that the American Gold Eagle is getting a makeover. Come 2021, the “vintage” reverse sides featuring the family of eagles will change. According to Coinweek, this is both a symbolic and necessary change — necessary to avoid counterfeiting and symbolic to represent the 35th anniversary of the American Eagle bullion program. American Silver Eagles will be getting a fresh new design, as well.
Buying Gold Eagles
Whether you’re a first-time gold-buyer or an experienced investor, the American Gold Eagle is a great option. The Bullion Desk of Dallas Gold & Silver Exchange is available to answer any questions you may have. Call us at (469)-722-5800 or email us at [email protected].