The American Gold Eagle is an official coin released in 1986 by the United States Mint. This U.S. coin was designed as part of the Gold Bullion Coin Act of 1985. An interesting fact about these gold bullion coins is that their market value is not their face value but more the market value of the gold content. For instance, as of Spring of 2009 the face value of the $5 America Eagle Gold coin is $5 but the market value of the actual coin based on content is around $130.The value of these coins fluctuate based on the current rate for gold.
Types of the Eagle Gold Coin
Since the American Eagle Gold Coin was first introduced in 1986, it’s become the most widely traded gold bullion coins. Adding to its popularity is that it comes in four sizes: 1/10th, ¼ ½ and 1 Troy Ounce, all with a purity of .9167.
– The 1/10th troy ounce have a face value of $5, a diameter of 16.5 mm and is 1.26 mm thick.
– The ¼ Troy ounce have a face value of $10, a diameter of 22 mm and are 1.78 thick.
– The ½ Troy ounce has a face value of $25, a diameter of 27 mm and are 2.15 mm thick.
– The 1 troy ounce has a face value of $50, a diameter of 32.7 and is 2.87 mm thick.
The U.S. government guarantees that these coins have the exact amount of troy ounces of gold weight that they are stated to have. Only gold that is mined in America is used in the creation of these coins. They also consist of some copper and silver to make them more durable. The American Eagle gold coin is in great demand by coin collectors everywhere although the fractional sizes of the uncirculated coins are no longer being minted.
Design of the American Eagle Gold Coin
Few coins have the beauty and classic elegance in their design quite like the American Eagle Gold Coin. The design is the same beauty that was captured by Augustus Saint Gaudens in the $20 U.S. Double Eagle gold coin created in 1907-1933. The ever-graceful Lady Liberty with her flowing hair is on the front of the coin. Her left hand is holding an olive branch the right hand holds a torch. In the lower left front of the coin is our Capitol building.
The words LIBERTY are on the top of the coin while the date is on the lower right side. The reverse side, a Miley Busiek design, has a male eagle holding an olive branch over a nest of American eagles (female and her babies). This design is meant to depict the security and strength of American families. The words UNITED STATES OF AMERICA are on the top of the coin while E PLURIBUS UNUM is on the left of the eagles while IN GOD WE TRUST is on the right. The bottom of the American Eagle Gold coin has the words 1 0Z. FINE GOLD 50 DOLLARS. The coins that were minted from 1986 to 1991 use Roman numerals for the dates but were changed to Arabic numbers in 1992.
Article Source: Rachel Barr – www.EzineArticles.com
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