Ed Moy’s Top Three Favorite Coins from the U.S. Mint
If you’re a client of the United States Gold Bureau, a regular reader of our blog, or simply a precious metals enthusiast, there’s a good chance you’ve heard the name Edmund C. Moy a time or two.
Our team at the U.S. Gold Bureau has gotten to know Ed Moy over the years thanks to our close working relationship on our Proof-70 hand-signed certification label program and Moy’s undeniable reputation in the field of numismatics and coin investing.
We recently caught up with the former U.S. Mint Director to chat about all things coins. Below, we detail Moy’s professional journey leading up to, during, and following his tenure as the 38th Director of the United States Mint, in addition to exploring three of his all-time favorite U.S. Mint coins.
#3. 2019 Silver American Eagle Enhanced Reverse Proof 70 Coin
The Silver American Eagle Enhanced Reverse Proof coin made headlines and satiated months-worth of fervent investor demand upon its release in mid-November of 2019. Sold earlier in 2019 alongside the Canadian One Ounce Silver Maple Leaf as part of the Pride of Two Nations set, the November 2019 release was the first time the new Enhanced Reverse Proof finish was offered as a stand-alone Silver Eagle piece. The Mint capped production of the 2019 Silver Eagle Enhanced Reverse Proof at 30,000 coins, the lowest mintage of an American Silver Eagle to that point. As the Numismatic Guaranty Corporation pointed out, this mintage limit was lower than the highly sought after 1995-W Silver Eagle Proof.
While this late-2019 Silver Eagle Proof is the same in many regards as other releases in the Silver American Eagle program, many features make this Proof coin stand out from the crowd. Perhaps the most defining feature of the piece is its beautiful Enhanced Reverse Proof finish.
An "Enhanced Reverse Proof" coin finish is a unique take on both the standard "Proof" and less common “Reverse Proof” concepts. While a “Proof” coin features high-sheen, mirror-like “fields,” which are the background areas of a coin’s design, and frosted “devices,” which are the design elements themselves, a “Reverse Proof” coin, while maintaining the brilliance of a Proof, is struck in the reverse fashion, with frosted fields and mirror-like devices.
In an exciting mash-up of the two, the “Enhanced Reverse” finish features frosted fields and high-sheen devices – like the “Reverse Proof” – but with polishing and frosting applied to multiple isolated areas of the coin’s design. As the Mint points out, this selective finishing “dramatically enhances the visual impact” of the Silver Eagle’s classic design.
Regardless of iteration, all Proof coins are born out of a rigorous and meticulous production method, undergoing several rounds of polishing, striking, and finishing that results in the exceptional beauties that have come to be revered so highly in today's investments world.
Read more about the 2019 Silver American Eagle Enhanced Reverse Proof 70 Coin.
#2. 2018-2020 “Preamble to the Declaration of Independence” Platinum American Eagle Proof 70 Set
In 2018, the U.S. Mint kicked off a three-year run of special-edition Platinum American Eagle Proofs to celebrate the dawn of the coin’s third decade in production. More than 20 years prior, in 1997, “[t]he United States Mint made numismatic history” with the launch of its first-ever legal tender platinum coin – the Platinum American Eagle Proof. Each of the three Platinum Eagles in the series features a unique obverse image representing one of the "unalienable Rights" guaranteed by the Declaration of Independence: Life, Liberty, and Happiness. The series started with “Life” in 2018, followed up with “Liberty” in 2019, and now draws to a close with “Happiness” in 2020.
The 2018 “Life” Platinum Eagle Proof depicts a young Lady Liberty teaching a child to sow seeds in a sprawling American field. The 2019 “Liberty” Platinum Eagle Proof is a brilliant display of American bravery and idealism, boasting an image of Lady Liberty proudly raising a torch into the air with her right hand – “an emblem of the guiding light that liberty provides,” as the U.S. Mint puts it – and cradling an open book, representing the rule of law in America, in her left arm. The third and final “Happiness” Platinum Eagle Proof, released in January 2020, again shows a young Lady Liberty, this time standing in a tilled field cradling an overflowing cornucopia in her right arm, which is packed with fruits presumably harvested from the land on which she stands. According to the U.S. Mint, the bounty of the cornucopia represents the nurturing only Liberty can provide to "nourish the body, enliven the mind, and satisfy the soul." She tenderly watches a girl playing in the field who grasps an olive branch in her right hand and beckons a butterfly with her left. One could image the two side-by-side characters epitomizing the vitality that flourishes under Liberty's caring watch.
Learn more about the three “Preamble to the Declaration of Independence” Platinum Eagle Proof 70 coins.
#1. Gold American Eagle Proof 70 Coin
Authorized by Congress via the Bullion Coin Act of 1985 and launched for the first time the following year, the Gold American Eagle Proof coin is a testament to our nation's enduring greatness and unwavering commitment to excellence. Struck in a stunning high-sheen finish, the Gold American Eagle Proof coin is made entirely out of gold mined on U.S. soil, as required by law, making it a genuinely American precious metals investment piece. Since its launch in the late-1980s, the Gold American Eagle Proof has soared to the top of global investment markets, making it one of the most sought-after precious metals pieces on the world stage today.
The obverse motif of the Gold American Eagle harkens to the “golden age” – pun intended – of American coin design by replicating one of the most renowned and beloved images in U.S. coin history – the Saint-Gaudens pre-1933 Double Eagle Liberty design. Saint-Gaudens' work, initially struck on the U.S. $20 Double Eagle gold coin from 1907 until 1933 and now reproduced on the late-20th-century Gold American Eagle bullion and proof coins, depicts a dynamic image of Lady Liberty gloriously striding forward holding a torch in one hand and an olive branch in the other. Liberty's hair and dress flow elegantly around her as beaming rays of sun peek over the horizon in the background. The entire image is encircled by shining stars while the word "Liberty" and year-of-issue line the top edge and right side of Liberty, respectively.
Gold American Eagles bear Miley Busiek’s “Family of Eagles” motif on its reverse. As we wrote about, the reverse sides for the Gold (and Silver) American Eagles will feature new designs beginning in 2021 for at least the bullion issues. The same designs are expected to be used on the Proof issues of the coins eventually.
The Gold American Eagle is the United States' official gold coin and is produced in both bullion and proof finishes each year. For its inaugural run in 1986, the U.S. Mint only produced a one-ounce version of the Gold American Eagle. In 1987, both one-ounce and half-ounce versions were made, followed by two additional sizes in subsequent years – quarter-ounce and tenth-ounce. The coins carry legal tender, albeit nominal, face values of $50 for the one-ounce coin, $25 for the half-ounce, $10 for the quarter-ounce, and $5 for the tenth-ounce.
Read more about this fascinating investment-grade coin. Thank you to our friend, Ed Moy, for sharing his favorite coins from the U.S. Mint!
If you would like to learn more about any of the coins featured here or are ready to start investing, please visit our website or give our team of Precious Metals Experts a call today (800-775-3504).