Among the most-recognized and certainly most-traded gold coins in the U.S., the Gold American Eagle Bullion Coins were first authorized by the Bullion Coin Act of 1985. They are also the only bullion coins guaranteed by the United States government for their weight, content, and purity.
These coins, including the popular 1-oz version, consist of 22-karat gold in an alloy known as “crown gold” which consists of 91.7% gold, 3% silver, and 5.3% copper. This alloy is highly resistant to wear compared to softer 23- or 24-kt gold.
As the only minted and guaranteed bullion coins created by the U.S. Mint, American Gold Eagles offer high trade values, low premiums over spot prices, and relatively wide availability. Following the passage of the Taxpayer Relief Act of 1997, they have also been permissible inside of IRAs.
The obverse (front) side of these Gold American Eagle Bullion Coins are designed with Augustus Saint-Gaudens’ Lady Liberty, which dates back to the $20 coins minted between 1907-1933. Inscribed on this side are “LIBERTY” and the minting date.
The reverse (back) side depicts Miley Frances Busiek’s male bald eagle above a female eagle and her hatchlings in a nest. The reverse inscriptions include “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “IN GOD WE TRUST.”
American Gold Eagles are also available in 1/10, 1/4, and 1/2 troy oz. mintings.
- Weight of 1 troy ounce of gold
- 22-karat gold purity
- Full backing by the United States government
- Face value of $50
- Minted at West Point, NY by the U.S. Mint, Department of the Treasury
- 2021 and future issues will include a redesigned reverse side including anti-counterfeiting measures