Description of 2020 1 oz $50 Gold American Eagle Coin BU:
History of the Coin: The Gold American Eagle is official bullion coin of the United States and is guaranteed by the U.S. government. The Gold Bullion Act of 1985 authorized the Gold American Eagle and stipulated that the gold used in producing the coins has to come from the United States. It also mandated that the coins needed to be alloyed with silver and copper in order to create a coin that was more resistant to wear and scuffing as opposed to 24 karat gold coins.
Perhaps the most iconic image in American coinage is used for the obverse design of the coin. Augustus Saint-Gaudens was commissioned by President Theodore Roosevelt to make American coins more beautiful and more reminiscent of the money of ancient Greeks and Romans. The result was a Lady Liberty that is majestic, symbolic, and beautiful and has become iconic in numismatics. Saint-Gaudens’s original design resulted in a high-relief $20 coin that proved difficult to mint and impractical because the coin couldn’t be stacked. A normal version of the coin was minted from 1907-1933.
Borrowing heavily and paying tribute to the design of Saint-Gaudens, the Gold American Eagle features an obverse with Lady Liberty confidently striding forward with her long hair flowing to the left side of the coin. In her right hand is a torch symbolizing the light and hope liberty provides. In her left hand she is holding an olive branch symbolizing peace.
The reverse of the coin is beautifully patriotic as well. Designed by sculptor Miley Busiek, a male bald eagle is preparing to land in the nest he shares with a female bald eagle and their young eaglet. Above the male bald eagle is UNITED STATES OF AMERICA and just to the right of the nest are the words IN GOD WE TRUST. Each Gold American Eagle bullion coin is minted in West Point, NY.
Each coin contains 1 oz. of gold
Obverse features Lady Liberty and is based on the 1907 Saint-Gaudens Gold Double-Eagle design
Reverse is a beautiful design incorporating the symbol of American freedom, the bald eagle.
Minted in 22 karat gold making it more resistant to scratching and marring from handling the coin
Backed by the United States government
Why invest in the coin? The Gold American Eagle is the most widely traded bullion coin in America and is backed by the United States government. The 22 karat Gold American Eagle has been alloyed with silver and copper to make it more resistant to wear and can withstand handling better than a 24 karat gold coin. The Gold American Eagle is your opportunity to invest in American gold backed by the United States of America.
*Our supply comes from the Mint in sealed tubes of 20 and boxes of 500 coins. Quantities ordered that are not multiples of 20 may include loose coins that are packaged in bubble wrap, rather than in the original tubes. Minor imperfections can occur during the minting, shipping or handling process. This does not constitute a valid reason for a return.