The Gold Bullion Coin Act of 1985 was signed by President Ronald Reagan and production of the Gold American Eagle gold coins started in 1986 allowing the United States to compete with other gold coins such as the Canadian Maple Leaf and the South African Krugerrand. The Act requires that all coins be produced using only gold from the United States. The American Gold Bullion coins are the only bullion coins whose weight, content and purity is guaranteed by the United States Mint, making them a popular standard among investors and collectors.
The coins come in one ounce, half ounce, quarter ounce and tenth ounce sizes, with legal tender values of $50, $25, $10, and $5 respectively. They are comprised of 22 karat gold with a small silver and copper alloy to give the coins strength and durability.
Augustus Saint-Gaudens’ revered depiction of Walking Liberty, used on the double eagle from 1907 to 1933, was resurrected to grace the obverse. Lady Liberty is depicted illuminated by the sun’s rays carrying a torch and an olive branch with the US Capitol Building in the background.
This symbol of peace is carried over to the reverse with American sculpture Miley Busiek’s male eagle holding an olive branch as it joins his family in their nest, representing the strength of the American family.
Gold Eagles come from the mint packaged in Treasury Mint tubes, which are perfect for the investor looking for storage solutions that can arise from the large packaging that often accompanies other bullion coinage.
Date Minted: 1986
Designer(s): August Saint Gaduens, Miley Busiek
91% gold, 3% silver, 5.55% copper
Denominations: $5, $10, $24, $50
Although the Gold American Eagle is one of the preferred coins for Gold IRA investing and Gold IRA custodians alike, there are several other coins that meet the requirements for including them in your Gold IRA account.
Designed after the first nickel coin released in 1913.
First minted in 1989 by the Austrian Mint.
First minted in 1979 with a purity of 99.9% and continued for 3 years.
This striking gold coin features a detailed image of the Arctic Fox at home in its natural habit of the Canadian wilderness.
Learn More About the Gold Arctic Fox
Call (855) GOLD – IRA now to start your Gold IRA and add the Gold American Eagle to your account.