Sell American Gold Eagle Coins to the Best Buyer in Las Vegas & Henderson, NV
The American Gold Eagle is a 1 oz gold bullion coin produced by the United States Mint. It is the official, legal tender gold bullion coin of the country. It was first released to the public by the United States Mint in 1986 through the Gold Bullion Act of 1985.
The Gold Bullion Act of 1985 authorized the American Gold Eagle coin’s first production in 1986, along with the American Silver Eagle coin. The law provides that coins shall be made of 22-karat gold alloyed with silver and copper to make them harder. It also mandated that golds be mined from natural deposits within the United States to make these coins.
Long before that, the creation of the gold bullion was made possible through President Theodore Roosevelt’s personal invitation to a renowned sculptor named Augustus Saint-Gaudens. It was believed that President Roosevelt had this massive interest in the design of American circulating coins in the early 1900s.
On December 27, 1904, President Roosevelt wrote to the Treasury Secretary Leslie Mortier Shaw to push through with the idea of coming up with a new design without asking the permission of the Congress to employ Gaudens as the artist or designer. Saint-Gaudens was the first choice of President Roosevelt, given that his outstanding achievements would suffice the requirement to make a new coin design.
He was one of the first Americans to study sculpture at the Ecole des Beaux-Arts in Paris. Among his stunning creations were the Puritan, a bronze sculpture for Merrick Park in Springfield, a 12-foot bronze statue of Abraham Lincoln called Massachusetts for Lincoln Park in Chicago, and the Diana, an 18-foot statue of the Roman goddess of the hunt. These remarkable creations convinced President Roosevelt to hire Saint-Gaudens for the American Gold Eagle design.
Based on historical records, American Gold Eagle was not the first gold bullion coin. When the South African’s Krugerrand was illegalized because of the Republic’s social segregation, which resulted in limitations in the trade industry in the US, the gold eagle was created. The United States used these incidents to seize the opportunity to create bullion coins.
Design of American Gold Eagle Coin
Augustus Saint-Gaudens designed the obverse of the American Gold Eagle. It has inscriptions of the word and image of “Liberty” and its year. It features a full-length figure of the Lady Liberty with flowing hair, with a torch and an olive branch in her right and left hands, respectively. The Capitol Building is used as the background of the coin. As commissioned by former President Roosevelt, he wanted to have a coin that depicts the ancient Greek and Roman coins.
On the other hand, the coin’s reverse was designed by Miley Frances Busiek. The other side of the coin features inscriptions such as “United States of America,” “E Pluribus Unum,” and “In God We Trust”. The coin also features an image of a male eagle flying above the nest of a mother eagle and its hatchlings while carrying an olive branch. These specific inscriptions are believed to signify the United States’ origin and identities.
The American Gold Eagle coins have come in four formats since their release. Among these are bullion coins that are well-struck and have decent quality on their surface, burnished coins, proof coins, and reverse proof coins. The burnished coins come with a matte-like appearance and a soft and excellent texture. Proof coins are higher in terms of their visual quality and on the level of characters, while reverse proof coins are made with characters in their entirety shaped as mirror-like and with frosted finishing.
Value of American Gold Eagle Coins
Gold Eagles are 22-karat gold coins, and since it is a gold bullion coin, it generally follows the market value of gold rather than its face value. It comes with a fineness of 0.9167 or 91.67% or 22/24 pure gold. It is combined with 5.33% copper and 3% silver to produce a coin that is resistant to wear. The price of gold, like all other goods, tends to fluctuate. The face value of the Gold Eagles is proportional to its weight, with the exception of the ¼ oz coin. With 1 ounce of fine gold or 311.103 grams, the American Gold Eagle coin’s gross weight is more than a troy ounce at 1.0909 ozs or 33.93 grams.
American Gold Eagle has four denominations that have corresponding face values. For instance, 1/10 of an ounce has a face value of $5, ¼ ounce has $10, ½ ounce has $25, and 1 ounce has $50. However, these face values do not directly tell the gold content of each. The lower the fraction of these coins, the larger the premiums they carry.
Likewise, the current spot price of gold, which changes regularly, is another major factor to consider. It is the basis of the coin’s purchasing power rather than the face value. To learn more, click here:
Best Buyer of American Gold Eagle Coins
If you’re looking for the highest possible cash offering in exchange for your American Gold Eagle coins, then Nevada Coin Mart is the best store for you. We are the #1 largest buyer of gold coins and other precious metals in Las Vegas and Henderson, Nevada. We are the go-to place for many people selling precious items like silver coins, gold jewelry, silverware, and many more.
For over 25 years now, we have been establishing a good reputation by providing the best buying and selling experience of precious items for millions of people and helping them earn money. We have won awards from distinguished award-winning bodies. In fact, for 12 times already, we have been receiving an award from the Las Vegas Journal Review, making us the best dealer of coin items.
At Nevada Coin Mart, we offer a free in-store evaluation using a state-of-the-art x-ray spectrometer to ensure that we give the fair price of your top-dollar items. We pay the most cash for bullion items and provide the most impressive customer service among all buying-establishments and other pawn shops in Las Vegas, NV., We are open 365 times a year, from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000.