American Gold Eagle Coins
American Gold Eagle Coin – History
The reed-edged coin was first produced by the United States Mint in 1986 after it was authorized under the Gold Bullion Coin Act of 1985. Although the coin is mostly composed of gold as expected, it also contains little amounts of silver and copper to help bolster its resistance to wear. On the head of the coin is an engraving of Lady Liberty in her full length, holding a torch in her right hand and an olive branch in her left, as designed by Augustus Saint Gaudens. The tail of the coin has an engraving of an eagle with an olive branch in its beak as it hovers above other eagles in its nest, as designed by Miley Bulsiek. These designs were specifically chosen as they stand for all the values that are most highly upheld in the country; justice, liberty and peace. The gorgeous design on both sides of the coin make the coin America’s most beautiful in the history of the country.
The Gold Eagle Coin Design
Underneath the soaring eagle engraving on the tail of a Gold Eagle Coin are the coin denomination and face value. The American Gold Eagle Coins come in different denominations and versions. The denominations include 1/10oz, 1/4oz, 1/2oz and 1oz, with each of them having a face value of $5, $10, $25 and $50 respectively, while the two versions are proof and bullion versions. These denominations are named after the amount of gold content in the coins. This simply implies that 1/10oz contains 0.1 ounces of gold, 1/4oz contains 0.25 ounces of gold, 1/2oz contains 0.5 ounces of gold and 1oz contains an ounce of gold.
While the bullion version was produced for the general populace, the proof version was produced specifically for coin collectors who keep them for personal effects and archival purposes. Apart from their face values, the Gold Eagle Coins also possess intrinsic values in the precious metal market. These two values are totally different from each other, as their face values are far lesser than their intrinsic values. The 1oz denomination which has a face value of $50, for instance, had an intrinsic value of $1835 in the precious metals market in 2012. Finally, these coins are accepted at their face values as legal tender for every trading and exchange purposes within the country.
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