4 Interesting Facts About The Gold Eagle Coin
The Gold Eagle coin is one of the world’s most popular gold bullion coins. It was first created by the U.S. Mint in 1986 and has become a staple in the American gold market ever since its introduction.
The design of the Gold Eagle coin has changed several times since its release, but it remains one of the most recognizable gold coins on the market today.
Here are four interesting facts about this popular American coin:
1. The Gold Eagle Coin Has a Lot Of History Behind It
The Gold Eagle coin was first released by the United States Mint on March 19, 1986, to commemorate the 25th anniversary of the Gold Bullion Coin Act passed by Congress in 1975. The coin has been minted every year since then.
The first year that the US Mint produced the gold eagle coin was 1986. The first coins were made with a face value of $10 and contained 1/10 ounce of pure gold. The coin’s design was based on Augustus Saint-Gaudens’ 1907 design for an eagle head, which was used on many other American currencies back then.
2. The Gold Eagle Coin Must Be Made of Gold from the United States
The US Mint uses only gold mined from within the United States to make these coins. This means that if you buy an American Gold Eagle coin, you can be sure it is made from American gold! This makes it very different from some other gold coins on the market today, which are often made with foreign gold.
The Gold Eagle has a face value of $50, but it’s gold content makes it worth more than that on the open market. It has been produced in different sizes over the years: 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz., with the latter being discontinued in 2014.
3. Gold Eagle Originally Included Roman Numerals in the Minting Date
The Gold Eagle coin was first struck in 1986 by the United States Mint. It was introduced in response to the growing popularity of gold bullion coins. The first year of the issue included Roman numerals in the minting date, which was later changed to Arabic numbers in 1992.
The American Gold Eagle coin is one of two versions of the popular American Eagle series. It is also a part of the legal tender issued by the U.S. government so that it can be used for monetary purposes.
4. Gold Eagles Have Special IRA Considerations
Gold Eagles are the only gold bullion coin with less than .999 millesimal fineness that is allowed to be placed in an Individual Retirement Account (IRA). This means that other gold coins cannot be held in an IRA, but Gold Eagles can be held without penalty or tax liability.
This makes them especially attractive to investors who want to diversify their retirement portfolios without incurring additional costs from taxes or fees associated with holding other types of investments, such as mutual funds or stocks and bonds.
The United States Mint first introduced the American Gold Eagle in 1986. The coin was created to meet the growing demand for gold bullion coins that had been seen since the 1970s. It quickly became one of the most popular gold coins in the world and has remained so ever since.