American Gold Eagle

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The American Gold Eagle is the official American gold bullion coin. Officially under the Bullion Gold Coins Act of 1985, it was first released by the United States Mint in 1986. Since the term "hawk" is also the official US term for pre-1933 ten dollar gold coins, the weight of bullion coins is usually used when describing American Gold Eagles (for example, "1/2-ounce American Gold Eagle") to avoid confusion. This is especially true with 1/4-oz American Gold Eagle, which has a face value of 10 dollars.

Video American Gold Eagle

Detail

Offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations, the coins are guaranteed by the US government to contain the true amount of gold weight in troy ounces. By law, gold must come from a source in America, mixed with silver and copper to produce a more wear resistant coin.

The 22 kt gold alloy is an English standard traditionally referred to as the "golden crown". The gold alloy crown has not been used in US coins since 1834, with gold content having dropped since 1837 to a standard of.900 fines for US gold coins. For American Golden Eagle, the golden fraction is raised again to 0.9167 or (22 carats). It is authorized by the United States Congress and endorsed by the United States Mint for weight and content.

The front design features a full figure of Augustus Saint-Gaudens' Lady Liberty with flowing hair, holding a torch in his right hand and an olive branch to his left, with the Capitol building on the left background. The design was taken from a $ 20 Saint-Gaudens gold coin commissioned by Theodore Roosevelt to make coins like ancient Greek and Roman coins. The upside design, by the sculptor Miley Busiek, features a male eagle carrying an olive branch flying over a hive containing a female eagle and its children.

Maps American Gold Eagle

Value

The market value of a coin is generally equivalent to the market value of their gold content, not its face value. Like all commodities, this value fluctuates with market power. The nominal value is proportional to the weight except for the 1/4 oz coin. Their actual selling price varies based on current gold spot price. United States Mint also produces proof and uncirculated versions for coin collectors. These coins are produced at West Point Mint in West Point, New York. The proof and uncirculated versions carry the mint mark ("W") below the date.

American Eagle 2017 One Ounce Gold Proof Coin - US Mint

src: catalog.usmint.gov

Specifications

Each of the four sizes contains 91.67% gold (22 carats), 3% silver, and 5.33% copper.

Gold Eagles printed in 1986-1991 dated with Roman numerals. In 1992, the US Mint switched to an Arabic number for dating the Gold Eagles.

1/10, 1/4, and 1/2 troy oz identical coins in design with 1 troy oz coin except for a mark on the back side showing the weight and nominal value of the coin (for example, 1 OZ, pure gold ~ 50 dollars ).

This bullion coin carries a face value of $ 5, $ 10, $ 25, and $ 50. This is their legal value reflecting their problem and the monetized monetary value. They are a legitimate means of payment for all public and private debts on the values â€‹â€‹of their faces. These face values â€‹â€‹do not reflect much greater intrinsic value and are primarily determined by their weight and the price of the precious metal today. In 2012, the US Mint sells one ounce of coins 2012 ($ 50 face value) at $ 1,835.00.