The Brilliant American Gold Eagle Coin
Bullion coins were first authorized for production with the Gold Bullion Coin Act of 1985. Following the passing of the Gold Bullion Coin Act of 1985, the US Mint began the American Eagle Coin Program, a program that would design, produce, and distribute bullion coins. These coins were a convenient and cost-effective way for investors to add the precious metals silver, gold, platinum, and palladium to their investment portfolios. Since 1986, they have been produced and offered in four weights: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. Although minted for investment purposes, they have become highly sought-after coins due to their beautiful craftsmanship and design homage to Saint-Gauden’s Double Eagle.
The American Gold Eagle utilizes a slightly-altered version of the Lady Liberty design first used on the 1907-1933 $20 Double Eagle coin designed by Augustus Saint-Gaudens. On the Gold Eagle, Lady Liberty appears in more detail on the obverse, striding forward with flowing hair. The 1986-2021 reverse, which was designed by Miley Busiek, depicts a bald eagle carrying an olive branch and flying over a nest with another eagle and hatchlings. To commemorate the coin’s 35th anniversary in 2021, the coin’s reverse was refreshed by designer Jennie Norris. The reverse now features a portrait of an eagle, updated with security features like reeded edges.
Circulation and Availability
Unlike many other collectible coins, business strike versions of this coin aren’t available for purchase from the US Mint directly. Only proof Gold Eagles are available from the Mint, but L&C Coins offers a wide variety of $5, $10, $25, and $50 American Gold Eagles for purchase.
Expand Your History-Rich Collection With L&C Coins
L&C Coins was founded in 1974 and has remained a family-owned-and-operated business since. Today, after almost 50 years in business, we are a well-known, trusted provider of authentic and rare coins.
Explore our wide selection of coins today, all in a broad range of prices to suit the needs of new and seasoned collectors alike. We prioritize finding and offering certified and uncertified coins that are rich in history and beautiful in design, regardless of grade. That way, we make it possible for you to find those specific coins you’ve been searching for. Should you have any questions as you shop, don’t hesitate to contact us for assistance.
Is the American Gold Eagle pure gold?
The Gold Eagle is composed of 91.67% 22-karat gold, 3% silver, and 5.33% copper. Each denomination of Eagle weighs a different amount:
- $5: 1/10 oz, 3.393 grams
- $10: 1/4 oz, 8.483 grams
- $25: 1/2 oz, 16.966 grams
- $50: 1 oz, 33.931 grams
Why were Gold eagle coins produced?
In 1986, the US Mint launched the American Eagle Coin Program to create bullion coins containing the precious metals silver, gold, platinum, and palladium for investors to conveniently and cost-effectively purchase and add to their portfolios. The $5, $10, $25, and $50 American Gold Eagle coins were one of four types of precious metal coins created for this program.
Where can I get American Gold Eagle coins?
Unlike other coins, business strike versions of the Gold Eagle are not available for purchase directly from the US Mint. Only proof Gold Eagles are available for collectors to purchase. However, you can still find bullion coins sold by coin dealers like L&C Coins.