2016 American Gold Eagles
The United States Congress passed the Coinage Act in 1792, which founded the first establishment of the United States Mint, in Philadelphia. Currently, the US Mint's headquarters are in Washington DC, with other branch facilities in Denver, San Francisco, Philadelphia and West Point. The 2016 American Gold Eagles are recognized for their design revival of the Saint-Gaudens $20 gold piece. The US Mint, which sold over 1 million 2011 Gold Eagles, is still selling more Gold Eagle bullion coins. Burnished Uncirculated Gold Eagle collectible versions are minted at the West Point Mint and bear a “W” mint mark on the coin’s reverse. In addition to striking gold coins, the US Mint also strikes US silver bullion coins, makes special collectibles, and much more. Gold Eagles, with their emblematic depiction of Lady Liberty and American Bald Eagles, are invaluable investments for coin collectors and bullion investors alike.
Forging Gold Eagle Coins
Many investors buy 2016 US Mint gold coins because the US Government guarantees the coin's fine gold content and purity in addition to the coins legal tender status. Internationally, two of the most popular US gold bullion coin programs are the American Eagle and Gold Buffalo series.
The Gold Eagle: Then and Now
The Saint-Gaudens Gold Double Eagle was first minted in 1907. The Double Eagles were originally designed in ultra high relief by Saint-Gaudens. Only about 12,000 of the ultra high relief coins were minted while the rest were minted in low relief. The ultra high relief coins were deemed unfit for circulation because of their inability to be stacked. The Double Eagle was of a $20 denomination and was the largest denomination gold coin of the time.
Fifty years later, the American Gold Eagle was released.The American Gold Eagle was the first official gold bullion coin of the United States. The Gold Eagle was first released in 1986, after the Gold Bullion Coin Act of 1985 was passed. The $50 denomination coin’s design is based on the Augustus Saint-Gaudens design for the 1907 Double Eagle. The design presents a detailed Lady Liberty on the obverse. The reverse for the 2016 Gold Eagle strays from the single-eagle Saint-Gaudens design and instead depicts a soaring eagle over an eagle’s nest, which holds a mother eagle and her chick.
The coin, produced of .999 fine gold, is a sure investment as it is backed for its quality by the US government. Collectible proof versions are also produced in limited mintages in four weights: 1 ounce, 1/2 ounce, 1/4 ounce, 1 ounce and a 4-coin set. The United States Mint continues to produce world-recognized commemorative and bullion coins.