The
American Gold Eagle is an official gold bullion coin of the United
States. It was first released by the United States Mint in 1986. It
is offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations and
is guaranteed to contain the stated amount (in troy ounces) of pure
gold, which by law must come from sources in America, with an additional
alloy of silver and copper to produce a more wear-resistant coin of
.9167 fine gold (22 karat). It is authorized by the United States
Congress and is backed by the United States Mint for weight and content.
The obverse design features a rendition of Augustus Saint-Gaudens'
full length figure of Lady Liberty with flowing hair, holding a torch
in her right hand and an olive branch in her left, with the Capitol
building in the left background. The reverse design, by sculptor Miley
Busiek, features a male eagle carrying an olive branch flying above
a nest containing a female eagle and her hatchlings.
The market value of the coins is generally about equal to the market
value of their gold content, not their face value. (As of January
1, 2006 the $5, $10, $25, and $50 coins by face value are worth and
sell for about $75, $150, $300, and $600 USD respectively. Their actual
selling prices vary daily based on the current spot price of gold.)
The American Gold Eagle may be used to fund one government sanctioned
Individual Retirement Account. The United States Mint also produces
a proof version for coin collectors. These coins are for the most
part produced at the West Point mint in West Point, New York, and
carry the West Point mint mark ("W") beneath the date.
From:
www.wikipedia.org