The official gold bullion coin of the US is the American Gold Eagle. The Gold Eagles come in four weights 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz, and are guaranteed by the US government to contain the stated amount of actual gold weight in troy ounces. The Gold Bullion Coin Act of 1985, which authorized the Gold Eagles, stipulates that the gold in the coins must come from sources within the US. In 2005, while the 1 oz and the 1/2 oz Gold Eagles experienced decreases in their mintage numbers, and the 1/4 oz basically stayed the same, the 1/10 oz increased its mintage numbers, going from 250,016 in 2004 to 300,043 in 2005. JM Bullion presently has the 2005 1/10 oz American Gold Eagle Coin available for purchase.
- Received in a protective plastic flip!
- 20th year of the American Gold Eagle coin series!
- Contains 1/10 Troy oz of actual gold content.
- Has a face value of $5 (USD) fully backed by the US government.
- Lady Liberty is featured on the obverse.
- A family of eagles is featured on the reverse.
In 1904, President Theodore Roosevelt commissioned a redesign of US coinage. He selected the talented Irish-born Augustus Saint-Gaudens to create a design that would return beauty to US coinage. Saint-Gaudens created the Lady Liberty ultra high relief $20 gold piece for the US Mint. This design was modified to a normal relief version and minted from 1907 to 1933. Its a version of this Lady Liberty design that now appears on the American Gold Eagle coins.
The American Gold Eagle obverse features the full-length figure of Lady Liberty created by Augustus Saint-Gaudens. She is walking right towards you, with her hair flowing behind her. In her outstretched right hand is a torch and her left hand is holding an olive branch. The Capitol building is in the background, near her right foot.
The American Gold Eagle reverse features the family of eagles design created by Miley Busiek and sculpted by Sherl J. Winter. Clutching an olive branch, a bald eagle is flying towards a nest occupied by a family of eagles. It symbolizes the importance of family in America. It includes several inscriptions as well.
The American Gold Eagle coins are comprised of 91.67% gold, 3% silver, and 5.33% copper. Since first issued in 1986, the 1 oz and the 1/10 oz Gold Eagles have always had the highest annual mintage numbers of the 4 denominations, with most years, the 1 oz Gold Eagle occupying the top spot. This years mintage number for the 1/10 oz Gold Eagles was only roughly 56,500 shy of the 1 oz mintage number.
In 2001, the price of gold began to climb. By 2005, the price of gold had risen for the fifth consecutive year, even surpassing the $500 per ounce mark. After starting 2005 at $435.60 per ounce, it finished the year at $513.00 per ounce, an increase of over 17%.
If you have questions, please contact our JM Bullion Customer Service team, as we will be happy to help. We can be reached via phone at 800-276-6508, via our live chat, or via our email.