The History of the American Gold Eagle

America’s Most Iconic Gold Coin

The American Gold Eagle is one of the most popular gold coins in the United States. This beautiful coin was authorized under the Gold Bullion Coin Act of 1985, and one year later, it was released by the United States Mint.

The American Gold Eagle displays Lady Liberty, as depicted by Augustus Saint-Gaudens, an Irish-born artist who was known for his sculptures of Abraham Lincoln. Liberty is seen holding laurel branches in one hand and a torch in the other. Behind her, a field is illuminated by sun rays, and the Capitol Building is present in the distance. The overall design conveys a message of hope. This original design by Saint-Gaudens first appeared on the United States’ Double Eagle gold piece in 1907 and remained there until 1933, when production of the Double Eagle ceased due to President Franklin Roosevelt’s order for all gold coins to be returned to the Treasury. Saint-Gaudens’ design was left unused for decades.

In the United States, the term “eagle” is officially designated for pre-1933 ten dollar gold coins, and for this reason, American Gold Eagles are generally described by their actual weight in gold bullion – for instance: “1 ounce American Gold Eagle” – so as to avoid any confusion.

The American Gold Eagle was initially created because the US Mint required a sovereign gold coin of their own. Although The South African Krugerrand had been one of the most popularly used gold coins, the South African apartheid resulted in trade limitations in the US throughout the 1970’s and 1980’s. Finally in 1985, it was illegal to purchase Krugerrand gold coins, and so the US government seized on the opportunity to create a sovereign gold coin of their own.

Once legislation for the American Gold Eagle was passed in 1985, there wasn’t a question as to which design would be used, and the technology that was available at the time only increased the coin’s beauty by including the high relief technique that Roosevelt had intended.

The gold coin’s reverse depicts the artwork of Miley Tucker-Frost. The decision to display her artwork did not come easily. Before the official production of the American Gold Eagle, Tucker-Frost discovered the US Treasury’s decision to begin minting the gold coin while on an Airplane. It was there that she made the decision to campaign for the honor of creating the American Gold Eagle’s reverse design.

Miley Tucker-Frost began the long and difficult road to be the featured artist. Her journey began with the petitioning of her hometown leaders of Dallas to gain the attention her design deserved. After a lot of hard work, Washington D.C. passed legislation that the American Gold Eagle would feature a design displaying a family of eagles. Although she was not mentioned by name, the bill clearly indicated a design created by her which was previously used by President Reagan.

Shortly after the official decision to use Miley Tucker-Frost’s beautiful design, the American Gold Eagle began its production. Although Augustus Saint-Gaudens was at that time long deceased, Miley Tucker-Frost was present at the inaugural minting with her two sons.

The American Gold Eagle remains in its original design since its initial release back in 1986, and is one of the most widely used, collected, and valued gold coins in the United States. Hundreds of thousands of these beautiful gold coins are sold in various weights to investors all over the country who are looking to diversify their portfolios with the most iconic gold coins in the United States. With such a rich history and high value, it’s no wonder why the American Gold Eagle is such a highly desired commodity.

First Fidelity Reserve is proud to offer the American Gold Eagle to investors all over the country. This gold coin is one of the most affordable and economically secure assets one can have in their precious metals IRA.

Some of the main reasons why one would want to have American Gold Eagles in their IRA are:

  • They have been in use since the Reagan era.
  • They are backed by the United States government.
  • They are struck in 22k gold.
  • They are widely recognized, valued, and easy to sell.
  • Their value is real and tangible. When you hold the American Gold Eagle, you can feel the heft of real gold in your hand.

Hundreds of American Gold Eagles are created by the United States Mint every year, however, we only let a relatively low amount of them into our inventory. The reason for this is that these gold coins can often be scratched or damaged in some way. First Fidelity Reserve is dedicated to only providing the highest quality Gold American Eagles we can find. This we guarantee through of the work of our longtime consultant, Dr. Michael Fuljenz, who knows a quality gold coin when he sees it.

Dr. Michael Fuljenz is a numismatic professional, a nationally acclaimed author, authenticator, speaker, and gold coin grading specialist. His range of appearances include FOX Business News, Bloomberg TV, and CNBC.

First Fidelity Reserve boasts an A+ rating with the Better Business Bureau. With us, you can rest assured that you are getting only the highest quality American Gold Eagles available, making them well worth your investment. We also provide free shipping for online orders that exceed $99, and we guarantee secure and discreet packaging so that your order arrives on time and in pristine condition.

There are many reasons to invest in American Gold Eagles, and First Fidelity Reserve is here to help you get that investment going. To order these beautiful gold coins, contact us toll-free today!

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