The American Gold Eagle Coin was authorized under the Gold Bullion Coin Act of 1985. It was first released by the United States Mint in 1986.
This act also stipulates that the coins are required to be produced using gold that is mined only in the United States, which makes it very popular among U.S. investors.
Gold Eagles are offered in weights of 1 oz, 1/2 oz, 1/4 oz and 1/10 oz. They are guaranteed by the U.S. government to contain the stated amount of actual gold weight in troy ounces.
The obverse side features a full length figure of lady liberty with flowing hair, holding a torch in her right hand and an olive branch in her left.
The reverse side is that of a male eagle carrying an olive branch while flying above a nest with a female eagle and her eaglets.
They are imprinted with their gold content as well as their legal tender value. These values include, 1 oz = $50, 1/2 oz = $25, 1/4 oz = $10 and 1/10 = $5. Of course, they are worth much more in gold content than the legal tender value.
The American Eagle is by far the most popular of all bullion coins.
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