Gold Eagle Production

The Gold Eagle is a gold bullion coin produced by the United States Mint since 1986. It features the famous Saint Gaudens design from the 1907 Double Eagle. This design remained on United States $20 gold pieces until the confiscation of gold and cessation of gold coin production in 1933. The American Eagle is produced today in order to provide Americans with a means of buying and holding gold bullion.

Through 2009 Gold Eagle production consisted of gold bullion coins in one, half, quarter, and tenth ounce sizes. From 1986 to 2009, Gold Eagle production came to 3,2780,049 coins containing 16,706,614 ounces of gold. The American Eagle has been so popular that the Mint actually ran out of gold bullion in 2009 and had to stop Gold Eagle production, resuming in 2010. According to the Mint, fractional ounces will not be produced after the 2009 series, only one ounce coins.

These coins can be purchased directly from the US Mint, but it does not provide a market. The investor cannot sell the coins back to the US Mint. Also buying individual American Eagle gold coins from the United States Mint carries a substantial markup over the spot price of gold bullion. It is more cost effective to buy American Eagle gold bullion coins from a gold exchange in quantities of 10 ounces where the investor typically pays between 5.5% and 7% above the spot price of gold.

These coins are in near perfect, mint state condition. They remain in their display cases, retaining their beauty over the years as the value of their bullion increases and the dollar slides. Those who hold American Eagles purchased in 2000 have quadrupled the dollar value of their investment, enjoying the advantages of investing in gold bullion.

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org