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The American Gold Eagle is an official gold bullion coin of the United States. It was first released by the United States Mint in 1986. more...

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It is offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations and is guaranteed to contain the stated amount (in troy ounces) of pure gold, which by law must come from sources in America, with an additional alloy of silver and copper to produce a more wear-resistant coin of .9167 fine gold (22 karat). It is authorized by the United States Congress and is backed by the United States Mint for weight and content.

The obverse design features a rendition of Augustus Saint-Gaudens' full length figure of Lady Liberty with flowing hair, holding a torch in her right hand and an olive branch in her left. The reverse design, by sculptor Miley Busiek, features a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings.

The market value of the coins is generally about equal to the market value of their gold content, not their face value (as of 1/1/2006 the $5, $10, $25, and $50 coins by face value are worth and sell for about $75, $150, $300, and $600 USD respectively. It should be noted that these prices vary daily based on the current spot price of gold) The American Gold Eagle may be used to fund one government sanctioned Individual Retirement Account. The United States Mint also produces a proof version for coin collectors. These coins are for the most part produced at the West Point mint in West Point, New York, and carry the West Point mint mark ("W") beneath the date.

Specifications

Gold Eagles minted 1986-1991 are dated with Roman numerals. In 1992, the U.S. Mint switched to Arabic numbers for dating Gold Eagles.

The 1/10, 1/4, and 1/2 troy oz coins are identical in design to the 1 troy oz coin except for the markings on the reverse side that indicate the weight and face value of the coin (for example, 1 OZ. FINE GOLD—50 DOLLARS). As is often the case with bullion coins, the face values of these coins ($5, $10, $25 and $50) are mostly symbolic and do not reflect their true value. They are still by all means legal tender; however. Legal debate persists with respect to its value in terms of "income".

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