The American Gold Eagle 1 oz Coin is one of the world’s most popular and prestigious bullion coins. It’s a symbol of America’s strength, freedom, and wealth.
If you’re considering investing in gold or want to learn more about this iconic coin, here are four unique facts that set the American Gold Eagle 1 oz apart from other bullion coins.
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1 – Each coin contains 1 oz. of .9167 pure gold.
One of the reasons why the American Gold Eagle 1 oz Coin is so sought after by investors and collectors alike is its high gold content. Each coin contains one troy ounce of .9167 (22-karat) pure gold. This means it comprises 91.67% gold, with the remaining 8.33% of a copper-silver alloy. The alloy is added to increase the coin’s durability and resistance to wear, making it suitable for handling and use as currency.
2 – The coin has a beautiful history.
The American Eagle Gold Coin’s striking and symbolic design makes it a collector’s favorite. The obverse side of the coin features Lady Liberty, who walks confidently with the sun’s rays in the background, symbolizing hope and progress. This image was inspired by Augustus Saint-Gaudens’ iconic 1907 Double Eagle design, considered one of the most beautiful U.S. coin designs ever created.
The reverse side of the coin features a newly designed eagle image by artist Jennie Norris. The eagle is depicted in close-up, with rich detail and an updated look. This majestic bird represents strength, freedom, and power, making it the perfect symbol for the United States and its currency. Combining these two stunning images gives the American Eagle Gold Coin an undeniable visual appeal unmatched by other bullion coins.
3 – Authorized For Release By Congress in 1986
The American Eagle Gold Coin has a relatively short history than other gold bullion coins. It was first authorized for release by the United States Congress in 1986 under the Gold Bullion Coin Act. This act aimed to provide investors with a convenient and secure way to invest in gold and to help stabilize the American gold market.
Since their initial release, the American Eagle Gold Coins have been minted yearly by the United States Mint, responsible for producing all circulating and commemorative coins in the country. Over the years, the American Eagle Gold Coin has gained a reputation for its high-quality production and beautiful design, making it a popular choice among investors and collectors.
4 – Guaranteed By The United States Government
One of the main reasons investors choose the American Eagle Gold Coin over other bullion coins is because the United States Government guarantees them for their weight, content, and purity. This guarantee gives investors confidence in the quality and authenticity of the coin, making it a safe and reliable investment option.
The American Gold Eagle 1 oz Coin is also considered legal tender, meaning it can be used as currency. However, the coin’s actual value is determined by its gold content and the current market price of gold, which is typically much higher than the face value of the coin.
Facts About The American Gold Eagle 1 oz Coin
In conclusion, the American Gold Eagle 1 oz Coin is a unique and valuable asset that offers investors a secure and visually appealing way to invest in gold. With its high gold content, beautiful design, relatively short history, and government guarantee, it’s no wonder this coin has become one of the world’s most popular and respected bullion coins. We hope you enjoyed these facts, and thanks so much for reading.
