Learn More About Gold American Eagle Coins With The Help Of Gold-Eagle.org

November 12, 2009 - The Gold American Eagle is the official gold bullion coin of the United States Mint. Gold American Eagles were authorized under the Gold Bullion Coin Act of 1986 and produced the following year. The US Mint produces the American Gold Eagle series in1oz, 1/2oz, 1/4oz, and 1/10oz weights, and the respective sizes bear $50, $25, $10, and $5 face values. The Gold Bullion Coin Act states that American Eagle gold coins must contain gold from US sources, and the coins also contain an additional alloy of silver and copper. These 22-karat coins are more wear-resistant than 24-karat coins like the Canadian Maple Leaf and 0.999 pure gold bars.

The obverse of the American Eagle coin features Augustus Saint Gaudens’ full length design of Lady Liberty with flowing hair. She is holding a torch in one hand and an olive branch in the other, and this design was originally captured on the $20 Saint Gaudens Double Eagle. That coin was minted from 1907-1933, and it is used as a proven long-term wealth preservation vehicle by today’s investors. The back of the modern-day Eagle features an eagle with an olive branch in its talon flying above a female eagle and her young.

Fair market value for Gold American Eagle coins is 6-9% above the value of their underlying gold content. The selling price for a one-ounce American Gold Eagle is about $1189 right now, and the gold is presently valued at $1120 per ounce. Investors who want to know more about the American Eagle bullion or Proof (non-confiscatable) coins should visit the US Mint’s website (www.USMint.gov) or simply contact a reputable dealer like www.Gold-Eagle.org directly. 

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Joshua Harris

Senior Staff Writer - Gold-Eagle.org