On October 20, 1986, the United States bullion program started when it released the American Eagle one-ounce gold coin. All of these coins were manufactured of close to 92 percent pure gold. Since these gold coins were offered as an alternate for the South African Krugerrand, they were created with the same fineness of what was the most dominant coin in the industry.
An American alternative to that of the Krugerrand started to take off when President Reagan issued an order on September 9, 1985 that imposed certain economic sanctions from South Africa due to its policy of apartheid. Sanctions involved banning all imports of the Krugerrands back on December 17, 1985. Congress decided to approve legislation to create an American gold coin that compared to the Krugerrand.
American Eagle gold programs represented the first bullion program in the United States to legally tender coins after the ban to own private gold was lifted back in 1974. According to the law, the gold that was used for producing these coins was mandated to come from American sources. As of May 5, 2009, the United States Mint doesn’t have a process that allows it to guarantee every molecule of its gold comes from ore that is mined with the United States.
These coins were composed of an obverse design on the coins that is an enhanced version of Augustus Saint-Gardens’ immaculate 1907 gold piece featuring a double eagle and a slimmer version of Lady Liberty. On the back of the coin, there was an Eagle family designed by Miley Busiek.
In 1986, the proof version of the one-ounce coin became available. During 1987, the addition of the proof half-ounce coin came into play. A quarter-ounce and tenth-ounce gold proof was added in 1988. Every year there has been an American Eagle proof added into circulation, except during 2009. Up through 1991 the dates on these coins were in Roman numerals, but in 192, Arabic numerals have taken their place. Between 2006 and 2008, collectors requiring coins with a special burnished surface were able to grab a piece of these uncirculated pieces.
One of the impeccable varieties among this series was that of the 1999 American Eagle quarter-ounce gold coin, which was made with an unpolished proof dye. Due to this dye, it caused an unexpected Mint mark on the obverse of the coin, which was unusual since the coins do not normally carry a mark from the Mint.
The United States Mint will not allow the public to purchase these American Eagle gold coins, but rather you have to go through one of the authorized suppliers instead. American Eagle proof versions were sold to the public from the United States Mint, as well as the uncirculated collector coins from 2006 through 2008.
Purchasing the Coin
When it comes time to purchase this amazing coin, you have an adequate amount of opportunities to catch the best deal on an amazing piece of history. You can check out GovMint.com and GoldSilver.com for all of your buying needs. The best thing you can do is to purchase this beautiful coin from a reputable dealer and not just anyone. Buying a piece of history that is extremely beautiful can help to advance your financial portfolio.
When you make the decision to purchase from an online dealer, you need to make sure you are purchasing from someone who is reputable. That is where GovMint.com and GoldSilver.com come into play. Their interface and knowledgeable staff know what it takes to provide you with a quality gold coin at a price that meets your budgetary needs. Don’t just jump to the first website you see, but instead, take the time to browse through either one of these dealers to see what they have to offer you. Anyone who wants to make their portfolio the best it can be for the future needs to invest in gold coins and bullion to eliminate the worries of the ever-changing economy. Secure your worries today with one of the amazingly brilliant American Eagle coins.