$50 American Proof GOLD Eagle Coin - 1 Troy Oz Description:
The $50 American Gold Eagle coin is one of the most sought after in the United States, and because of this, the US Mint continues to produce quantities that allow it to remain one of the leading coins in gold bullion. Although it has a face value of $50, the actual value of the coin fluctuates depending on the price of gold, making it a worthwhile investment for those interested in expanding their precious metals portfolio.
The American Gold Eagle Coin was first minted in 1986 in four different sizes; the 1 oz ($50), ½ oz ($25), ¼ oz ($10) and the 1/10oz ($5). The design of this coin is based on one originally backed by President Theodore Roosevelt who believed that American coinage available at that time was lacking in elegance such as coins seen in Ancient Greece and Rome. The coin was authorized by the Gold Bullion Act of 1985 that stated any gold used for gold bullion must come from the United States. These Gold Eagle coins are the modern day version of those used in the 19th and early 20th century for everyday purchases.
The coin features two designs by recognized names - Augustus Saint-Gaudens and Miley Tucker-Frost who designed the obverse and the reverse of the coin, respectively. On the obverse of the coin is Gaudens' design of Lady Liberty with her hair flowing holding a lit torch in her right hand and an olive branch in her left. In the background of Liberty is the famous Capitol building. This design was used on both the Gold Eagle and Silver Eagle coins and later again on the Walking Liberty Half Dollar by Adolph A. Weinman. The reverse of the coin features Tucker-Frost's (nee Busiek) design which is the image of an eagle holding an olive branch returning to his nest. Gold Eagle coins minted between 1986 and 1991 are dated with Roman Numerals whereas those made after 1992 have Arabic numbers.
Features of the $50 American Proof GOLD Eagle Coin - 1 Troy oz • Mint: U.S. Mint • Purity: 22 Karat Gold • Diameter: • Thickness: • Gross weight • Face value: $50 • Eligible for Precious Metals IRAs
Each American Gold Eagle coin conforms to the 22 karat standard, and 91.67% of the coin is pure gold. The composition makes the coin less susceptible to any potential scratching and marring which can make the value of the coin decrease over time. According to U.S. Mint, the coin's "weight, content, and purity are guaranteed by the United States Government" making them a huge participant in investment markets and collector's circles. The U.S. Gold Bureau offers American Gold Eagle coins in a number of sizes, all of which are eligible for Precious Metals IRAs.