American Eagle Gold Bullion Coin
Fineness: .916 Actual Gold Content:
1.0 troy ounce (31.103 grams)
Diameter: 32.7 mm Face value: $50
Also minted in 1/2, 1/4, 1/10 ounce
An investor's favorite, the American Gold Eagle is an official
gold bullion coin of the United States.
Authorized under the Gold Bullion Coin
Act of 1985, it was first released by
the United States Mint in 1986. Offered
in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz
denominations, these coins are guaranteed
to contain the stated amount of actual
gold weight in troy ounces.
By law, the gold must come from sources
in America, with an additional alloy
of silver and copper to produce a more
wear-resistant coin of .9167 (22 karat,
which had long been the crown gold English
standard for gold coins). It is authorized
by the United States Congress and is
backed by the United States Mint for
weight and content. The obverse design
features a rendition of Augustus Saint-Gaudens'
full length figure of Lady Liberty with
flowing hair, holding a torch in her
right hand and an olive branch in her
left, with the Capitol building in the
left background. The reverse design,
by sculptor Miley Busiek, features a
male eagle carrying an olive branch
flying above a nest containing a female
eagle and her hatchlings.
The market value of the coins is generally
about equal to the market value of their
gold content, not their face value.
The American Gold Eagle may be used
to fund one government sanctioned Individual
Retirement Account. The United States
Mint also produces a proof version for
coin collectors. These coins are for
the most part produced at the West Point
Mint in West Point, New York and carry
the mint's mark ("W") beneath the date.
of Gold Bullion Coins