The United States' official gold bullion coin, the Gold American Eagle, was first released in 1986. Today, it comes in tenth-ounce, quarter-ounce, half-ounce and one-ounce forms. The one-ounce kind is the most valuable, carrying a nominal face value of $50 and comprising 91.67% fine gold.
The Gold American Eagle was authorized by the Gold Bullion Coin Act of 1985 and is now one of the world's most popular gold bullion coins. The U.S. government guarantees that each coin includes the amount of actual gold weight that is, measured in Troy ounces, stated on the coin itself.
Though predominantly consisting of gold, the coin is much more wear-resistant than coins with a gold purity of at least 99.9%. This strengthening is due to the addition of copper and silver. The gold also, as required by law, originates from sources in the United States.
The coin's obverse depicts the full-length figure of Lady Liberty. Her hair is flowing and she holds, in her right hand, a torch and, in her left, an olive branch - a traditional symbol of peace. The Capitol Building, home to the United States Congress, can also be seen in the background to the left.
This design actually debuted on the Saint-Gaudens Double Eagle coin. This $20 gold coin was struck by the U.S. Mint between 1907 and 1933 and takes its name from Augustus Saint-Gaudens, the sculptor who was originally responsible for the design. That coin has often been considered among the most beautiful U.S.-issued coins, making this Liberty design an obvious one to revive in 1986.
The Gold American Eagle's reverse design comes instead from the monumental sculptor Miley Tucker-Frost. It portrays a male eagle clasping an olive branch as it flies above a nest including a female eagle and two hatchlings. A bald eagle is iconic as the national bird of the United States.
In most instances, the face value of a Gold American Eagle is proportional to its weight. For example, while the $50 coin weighs 1 Troy ounce, the half-ounce coin indeed has a face value of $25 - and this is $5 on the tenth-ounce coin. The only exception to the rule is the quarter-ounce coin, which carries a face value of $10 rather than the $12.50 that would typically be expected.
The $50 coin - which actually weighs, to be specific, 1.0909 Troy ounces - has the most popular size among Gold American Eagle gold bullion coins. There is a 32.7mm diameter to this coin, which is also 2.87mm thick. Therefore, if you want to purchase the $50 variant from our stock here at the U.S. Gold Bureau, it could be a good time to do so, should availability permit. Otherwise, availability of the coin could later become more scarce, putting it further from your financial reach.
This Gold American Eagle could also have appeal for the ease with which it can be stored, issued as it is in Treasury tubes that save space. The coin's alloyed gold, copper and silver also make the coin much more resistant to scuffs than other bullion coins of gold the purity of which is a minimum of 99.9%. Therefore, the coin could long keep its condition while in your possession. Features of the $50 Gold American Eagle Bullion:
- A weight of 1.0909 Troy oz.
- Nominal face value of $50