Gold Eagle
The Gold Eagle coins make up for more than 80 percent of the gold bullion on the USA market. Established in 1964, the producer company, Golden Eagle Coins, offers a diverse array of numismatic material. As a major product, the Gold Eagle coins stand for the official gold bullion of the country. The series were initially introduced in 1986 by the United States Mint company. The coins are authorized under the Gold Bullion Act which stipulates that the gold, used for the production of gold coins, should come from recently developed domestic properties. The Gold Eagle comes in denominations of 1/10, 1/4, 1/2, and 1 ounces. The coins are produced form 22 karat gold which makes for a purity of 99.7 percent. The Gold Eagle represents low cost gold bullion, issued in the form of Treasury tubes.The obverse side of the coin features Liberty, holding a torch and an olive branch in her hands. The design is conceived by the Irish-born sculptor Augustus Saint-Gaudens. The reverse side displays a male eagle with an olive branch, flying above a female eagle in a nest. This design was created by the renowned American sculptor Miley Busiek.
The gold content of the coins, rather than their face value, determines the market price of the Gold Eagle series. Therefore, their price changes with the daily fluctuations in the gold price. As per face value, the smallest 1/10 ounce coin costs $5 and the largest 1 ounce coin stands at $50. The 1 ounce piece has a diameter of 32.7 mm and contains 91.67 percent of fine gold. This is the most popular Gold Eagle coin. The half ounce piece stands at $25 and has a diameter of 27 mm. Issued at forty coins per one Treasury tube, this is the least popular coin. It has to be noted that due to their scarcity, some coins will probably have a collector’s value in the future.
