The 2020 1 oz American Gold Eagle coin is guaranteed by the United States government as legal tender. Although it is marked with a face value of $50 USD, it is in fact valued at the current market price of its gold content, which is much higher. The American Gold Eagle coin is a popular choice for precious metal investors due to its beauty and its exacting craftsmanship.
American Eagle gold coins are minted exclusively from gold mined in the United States. The coins are comprised of 22 karat gold, which makes them durable and their stamp is guaranteed by the US government. They are exceedingly tradable and one of the most reliable investments. Furthermore, they are exempt from IRS 1099B Brokerage reporting, which make them a sound choice for a precious metal IRA.
The coins were brought back into production because of the Bullion Coin Act of 1985. The American Gold Eagle coin was first publically sold in 1986. They have quickly become the most popular bullion coin in the world and more than 12 million have been minted and sold.
Their design is based upon one originally commissioned by President Theodore Roosevelt in an attempt to equal the exquisiteness of Ancient Roman and Greek coins. One side features Lady Liberty with an olive branch and a torch in her hands, while the obverse side is stamped with a male eagle carrying home an olive branch to a waiting mate and eaglets. Renowned artists Miley Busiek and Augustus Saint-Gaudens crafted the designs.
The overall weight of a 1 oz American Gold Eagle coin is 1.0909 troy oz with one ounce of gold content.