American Gold Eagle 1 oz
From Original Mint Boxes
The American Gold Eagle 1 oz is a popular gold bullion choice worldwide. In 1986, the United States Mint introduced the series in four sizes (1 oz, ½ oz, ¼ oz and 1/10 oz). From 1986 through 1991 the US Mint dated these coins using Roman Numerals. Beginning in 1992 they have used traditional Arabic Numerals.
On the front of the coin is a depiction of Liberty taken from the famous $20 gold piece (1907-1933) designed by Augustus Saint-Gaudens.
The back features a family of eagles and includes United States of America, E Pluribus Unum, In God We Trust, weight (1 oz fine gold) and its symbolic legal tender value ($50).
Because of its popularity the US Mint produces quantities of the American Gold Eagle 1 oz – all of which closely follow the price of gold.
Reasons for its popularity include: (1) The American Gold Eagle appeals to a worldwide audience because of its low premium so it is a popular choice for Individual Retirement Accounts. (2) The coin is easy to buy and sell because dealers worldwide post daily buy and sell prices. (3) The American Gold Eagle 1 oz contains one ounce of the gold so valuation is simple. (4) The US Mint places 20 of these gold coins in a plastic tube which allows for easy storage. It also produces a composite red box which contains 500 American Eagle coins (25 tubes of 20 coins). It also produces a composite box which contains 500 American Gold Eagle 1 oz coins (25 tubes of 20 coins) – an industry standard for large transactions.
The US Gold Eagle 1 oz has no dealer reporting requirement (Federal Form 1099B) when you buy or sell.
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