For the United States Mint, 1986 was a momentous occasion. The year 1986 marked the first striking of the American Gold Eagle coin program, the official gold bullion product of the United States. Today, it is the most popular gold coin program in the world by volume. Now, the 1986-W 1 oz American Gold Eagle coin is available in perfect condition from JM Bullion.
- 1st ever striking of the American Gold Eagle!
- Arrives in a plastic slab to protect the coin’s condition.
- Contains a true gold content of 1 oz. of pure gold.
- Issued a face value of $50 (USD) by the United States government.
- Earned a grade of PR70 from the Professional Coin Grading Service.
- Available with a Deep-cameo finish.
- Features the “W” mint mark from the West Point Mint.
Each American Gold Eagle coin in this listing is a perfect proof specimen according to the PCGS. PR70 coins have their full, original mint luster and no detracting flaws of any kind. The deep-cameo designation is reserved for coins with contrasting matte and mirrored finishes. The design set features a strong, frosted finish, compared to the deeply-mirrored, clear finish of the background.
With passage of the Gold Bullion Coin Act of 1985, Congress authorized the Treasury Department and the United States Mint to begin production of an official gold bullion coin for the United States. Congress set the face value of each coin, and stipulated that all American Gold Eagle coins contain only gold sourced from within the US.
The coins were first introduced as 1986 issue coins, with only the 1 oz weight available in the proof version. The bullion version introduced at the same time featured the 1 oz. weight, as well as three fractional-weight coins. Today, the program also contains four weights in a burnished version.
On the obverse of all American Gold Eagle coins is the image of Lady Liberty from the $20 Gold Double Eagle, created in 1907 by Augustus Saint-Gaudens. The reverse of each coin features a family of nesting bald eagles, designed in 1986 by Miley Busiek.
If you have any questions, don’t hesitate to reach out to JM Bullion with your inquiries. You can call us at 800-276-6508, chat with us live online, or email us. If you are interested in collectible coins such as this one, you may also want to check out our 1991-P 1/2 oz American Gold Eagle PCGS PR70 DCAM or our 1988-P 1/4 oz American Gold Eagle PCGS PR70 DCAM.