Learn More About American Gold Eagle Coins From The Experts At Gold-Eagle.org

November 19, 2009 – The first American Gold Eagle coin was minted in, and these coins were widely used as currency by US citizens until 1933. Nicknames have been given to American Eagle gold coins to correspond with their face values, and $10 coins were historically titled “Eagles.” The one-ounce, $20 gold Eagles were titled Double Eagles, and ¼ ounce coins were termed half eagles.

The American Gold Eagle coin was discontinued in 1933, when President Franklin Roosevelt confiscated gold bullion from US citizens to pay down our nation’s outstanding debts around the world. In 1985, the Gold Bullion Coin Act reinstituted the production of American Gold coins, but the American Gold Eagle coin now bears a $50 face value. Similar to the $50 Canadian gold Maple Leaf, the $50 Gold Eagle is worth much more than its face value.

Investors typically buy the modern-day Gold Eagle coins when they desire a short-term position in the gold coin market. Modern-day bullion coins closely track the gold spot price, so it is possible to realize profits quickly. However, modern-day gold Eagles and other bullion products could be confiscated by our government again, especially if their relentless spending spree continues.

Investors who would like privacy with their investment for a long period of time may do better financially with a certified American Gold Eagle coin. Pre-1933 coins that have been certified as Mint State hold recognized special value to coin collectors, so it is unlikely that our government would seize these coins in the future if gold bullion is needed to back up our weakened dollar. Contact us directly or call our toll-free number if you would like a copy of our Insider’s Guide To Gold Investing. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org