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American Gold Eagle

The American Gold Eagle is the world’s most popular gold coin. The Gold Eagle also has a rich history in the United States. The original eagle coin was circulated as currency at a $10 denomination until 1933 when gold was withdrawn from circulation. The original eagle coin was designed by Augustus Saint-Gaudens.

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American Gold Eagle Coin History

In 1985 the American Gold Eagle bullion coin was established as the official gold bullion coin of the United States. It was first released from the U.S.Mint in 1986. These U.S. government guarantees these coins to contain a specific troy ounce content of gold. The coin is mixed with silver and copper to create a more durable coin since gold is a soft metal. The alloy mixture is referred to as crown gold. The actual gold fraction is .9167 or 22 karat gold.

The coin is a beautiful presentation with Liberty on one side and a male Eagle flying above his nest while carrying an olive branch, on the reverse. The current Eagle side of the coin is designed by Miley Busiek and the Liberty side of the coin is a rendition of Lady Liberty designed by Augustus Saint-Gaudens’  Liberty’s hair is flowing, she holds a torch in one hand, an olive branch in the other hand and you can see the Capitol building in the background.

The coins are produced in troy ounces at 1/10 oz., ¼ oz., ½ oz., and 1 oz. denominations of $5, $10, $25 and $50 denominations respectively.  As of July 2011, the value of the gold in the coin was valued at $180, $430, $650 and $1650 respectively based on the spot price of gold.

Gold Eagles produced from 1986 through 1991 have Roman numeral use for the date. That changed in 1992 to Arabic numbers which are the current date appearance.

You can also purchase proof versions, which have sharper images and clearer spaces specifically for coin collectors. The proof coins carry a W beneath the date, indicative of the coins production location at West Point Mint in West Point, New York.

Where to Buy the American Gold Eagle Coin

There are many online stores available for the investors and collectors that are interested in buying American Gold Eagle coins. However, we highly recommend GovMint and GoldSilver, the 2 leading retailers of Gold coins online. For this particular type of coin, GovMint would be the better option. In fact, GovMint has the largest selection of U.S. coins on the web. They are US based and have been servicing American customers for decades. GovMint also has a large selection of other American coins, such as the Gold Buffalo and older U.S. coins from the seventies.

Alternatively, you can purchase American Gold Eagles at any popular jewelry store or coin dealer in your area. However, be aware that prices online tend to be lower than prices you’ll find at your local jewelry. Buying Gold Online is therefore a most cost-efficient way to invest in gold.