The American Gold Eagle is the official gold bullion coin of the US, and is produced by the US Mint. Inspired by the popular Krugerrand, the coin was authorized via the Gold Bullion Coin Act of 1985, it was first released by the US Mint in 1986. Guaranteed by the US government to contain the amount stated on the coin of metal mined in the US, the coin is alloyed with silver and copper so as to produce a more wear-resistance coin. The actual gold fraction in the American Gold Eagle is .9167 or (22 karat). The coin is still authorized by the US Congress and is backed by the US Mint for weight and content.
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The American Gold Eagle features an updated version of Augustus Saint-Gaudens’ Lady Liberty figure with her flowing hair and torch and olive branch in both hands. The Capitol building can be seen in the background. On the reverse, by the sculptor Miley Busiek, is a male eagle carrying an olive branch while flying above a nest containing a female eagle and her hatchlings.
Each of the four sizes contains 91.67% gold (22 karat), 3% silver, and 5.33% copper.
From 1986 to 1991, American Gold Eagles were dated via the Roman numeral system. However, in 1992, the US mint began to use Arabic numbers for dating Gold Eagles.
American Gold Eagles are available to the self-directed Individual Retirement Account. Available in four denominations, the coin is also a key survival coin. The fractional American Gold Eagles are great for the Bitcoin payees looking to diversify into the non-digital or analog word, whether it be the 1/10, 1/4/ or 1/2 versions.
As an investor, collector or hedger, it is important to carry the American Gold Eagle in your diverse portfolio. It will go well-recognized on the streets of America and regarded as legitimate.
In November 2012, The US Mint reported the strongest sales of its US Gold Eagles in 14 years.
Ultra high net worth individuals have taken a liking to gold as late, as investors last month bought more than 131,000 ounces of American Eagles produced by the US Mint, more than tripling last November and making for the strongest November since 1998, according to Data from the mint.
November also was the second consecutive monthly rise after a dismal performance earlier this year. In October, the Mint moved 59,000 ounces versus 50,000 ounces over the same period.
Silver American Eagle coin sales in November rose to 3.135 million ounces, more than double last year’s sales at 1.384 million. It was, nonetheless, slightly below October’s 3.153 million ounces.
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