From 1933 to 1986, the United States was without a gold coin for sale from the sovereign United States Mint. The US recalled all circulation gold in 1933 as the country removed itself from the gold standard and resupplied its gold reserves in the face of the Great Depression. The Uncirculated American Gold Eagle coin is the primary offering in the American Gold Eagle Series, which also includes a proof and burnished option. These gold bullion coins are a beacon for investors around the world and now is your chance to learn more about the Gold Eagle bullion coin.
The American Eagle Series as a whole features iconic images of Liberty, many of which are taken from historic US coinage. The American Gold Eagle coin’s obverse side features a reimagined design of the nation’s greatest circulation coin design. On this side of the coin is the effigy of Liberty created in 1907 by Augustus Saint-Gaudens. This image originally appeared on the $20 Gold Double Eagle coin from 1907 to 1933 and was created by Saint-Gaudens at the behest of President Theodore Roosevelt. President Roosevelt’s administration launched a national initiative to redesign all American coinage to bring imagery into the 20th century and reflect the growing international prominence of the nation.
This depiction of Lady Liberty features her figure in a front-facing design. Her gown is long and flows freely in the wind, as does her hair which is unbound. She holds a torch high aloft in her right hand and an olive branch in her left. The word “Liberty” is engraved above the image of Liberty and there are 50 stars surrounding her figure. You’ll notice the US Capitol Building in the background at her feet with an engraving of the year of issue in the rays of sun bursting from behind her figure.
On the reverse side of all American Eagle coins, you’ll find a different depiction of Liberty. In the case of the American Gold Eagle, the design on the reverse was created specifically for this collection of coins. Miley Busiek created the image of a family of bald eagles. The central piece of the design is a family nest in a tree that contains a group of hatchlings. Nearby, there is a female eagle watching out for the hatchlings. Above, there is a male eagle flying over the nest with an olive branch in its talons.
The bullion American Gold Eagle coin went on sale for the first time in 1986. This gold for sale is available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz options. All four weights were issued together in 1986 and have been struck every year since that time by the United States Mint. Under the Gold Bullion Coin Act of 1985, the United States Mint is legally obligated to meet the demand for the gold bullion version of the American Gold Eagle coin.
The mintage of American Gold Eagle bullion coins is determined by the demand for the gold coins. When the coins debuted in 1986, the mintage of all four was among the highest in the history of the series. The mintage of 1986 American Gold Eagle bullion coins was:
The next year saw dips in production of all four coins, but over the course of its history the American Gold Eagle has seen ebbs and flows in demand. The highest demand period came with the approach of Y2K in the late 1990s. The 1998 and 1999 issues of the coins saw all-time highs for both the 1 oz and 1/10 oz coins in the collection. The 1 oz coins in those years hit 1.468 million and 1.505 million, while the 1/10 oz coin hit 1.344 million and an all-time series high of 2.750 million.
The American Gold Eagle coin has never had a change in its design on the obverse or reverse. While the main design elements remain the same, there has been one minor variation in the history of the collection. When the American Gold Eagle coins debuted in 1986, the United States Mint used Roman numerals to denote the year of issue on the coin’s obverse. This continued through 1991, with the US Mint switching to the use of Arabic numerals in 1992 and continuing its use through to this point.
The United States Mint issues the American Gold Eagle coins with a metal content of 91.67% gold, or 22-karat gold. From 1794 to 1834, the United States Mint issued gold coins with 22-karat gold content but reduced all gold coin content to .900 by 1837. From that point until the US abandoned the gold standard in 1933, gold coins remained at .900 and were halted altogether from 1933 to 1986.
American Gold Eagle bullion coins are all produced at the United States Mint’s West Point Mint facility in New York. Though the coins are known to originate there, you’ll find no mint marks on the obverse of the Gold Eagle bullion coins.
You’ll always find the American Gold Eagle bullion coins available to purchase from JM Bullion. If you have any questions about the Gold Eagle, please feel free to reach out to us at 800-276-6508. You can also contact us online through our live chat and email address.