1 oz American Gold Eagles
Tavex is pleased to offer the American Gold Eagle coin, the most popular legal tender bullion coin issued by the United States, and one of the foremost investment bullion coins in the world. The popularity of this impressive gold coin stems from its beautiful design, high liquidity, and its prestigious legal tender status. First released by the United States Mint in 1986, American Gold Eagle coins have become the preferred tangible asset of many investors who to this date have bought more than 30 million coins. With their purity and quality guaranteed by the US Government, American Gold Eagle coins are recognised worldwide and are supported by a deep liquid market. They are thus appropriate for most investors and especially for those who would like to diversify and hedge their portfolios against unfavourable market events.
- American Gold Eagle coins track the price of gold. The value of the American Gold Eagle coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.
- American Gold Eagle coins are money. Granted legal tender status in 1985 by the United States Congress, the American Gold Eagle is currently the longest continuously produced American gold coin since the 1930s to have reclaimed this precious monetary stature.
- American Gold Eagle coins are liquid and recognized. To date, some 30 million coins have been minted and issued by the United States Mint which thus underpins the global recognition and acceptance of American Gold Eagle coins
- American Gold Eagle coins are durable. American Gold Eagles have a gold purity of 22 carats, meaning they contain one ounce of pure gold and a small amount of copper and silver. The alloy strengthens the coins’ surface which enhances the durability of the coin and makes it suitable for handling.
- American Gold Eagle coins are the equivalent of savings. American Gold Eagles come in different weights, making them an ideal choice for any type of long-term investor who appreciates the security and stability of owning physical legal tender gold coins.
- American Gold Eagle coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes American Gold Eagles serve as a portfolio hedge against market risk.
The United States financial panic of the 1930s and gold
The beginning of the end of the American gold standard began during the 1920s when the US banking system provided the economy with ample easy credit. The cheap and readily available credit financed a buying spree of company shares traded on the US stock exchange that cumulated by the end of the 1920s in a speculative stock market mania. The resulting boom was inevitable followed by a major crash, which caused the US to fall into a severe depression. At this time, the United States was on a gold standard, which meant that circulating paper currency and United States Treasury certificates were redeemable for gold. Because of the severity of the crisis, many chose to exercise this option, as physical gold was deemed safer than paper. As a result, financial institutions and the Government itself experienced a run on their gold reserves, and to halt the exchange and subsequent hoarding of this precious metal President Franklin D. Roosevelt in 1933 signed executive order 6102 which criminalised the ownership of gold. The order removed legal tender gold coinage from circulation and made all government issued paper instruments non-redeemable in gold. From 1933 onwards, a new financial era began in the US, where fiat money became the cornerstone of the country’s monetary system.
Sales of American Gold Eagle surges
Roosevelt’s executive order that penalised ownership of gold was in place for 41 years before President Gerald Ford repealed the law in 1974. It would take another eleven years for the United States Congress to pass the Gold Bullion Act of 1985, which authorised the creation of legal tender gold and silver coinage. Subsequently, in 1986, the United States Mint issued the first American Gold Eagle coin. Considering that this was the first legal tender gold coin released by the United States in over five decades, there were many buyers waiting on the sidelines. In fact, in its first year of release, the United States Mint had to mint 3.6 million pieces, or 62 tons of American Gold Eagle coins, to satisfy the demand from investors and coin dealers!
The value of American Gold Eagle coins increases during market crashes
With its prestigious legal tender status granted by the United States Government, American Gold Eagles have since 1986 been one of the most preferred gold coins of investors who wish to hedge their portfolio against falling stock markets and economic turmoil. Figures from the United State Mint related to demand for American Gold Eagles clearly show that investors markedly increased purchases of these coins during the stock market crash of 1987, right before the peak of the dot-com bubble (also referred to as the internet bubble) of 1999 – 2000, and more recently in 2008 – 2009 when the US and other major economies plunged into severe recession. In fact, on an annual basis, demand during these periods increased on average by almost 100%, proving that in turbulent times in the market the American Gold Eagle gold coin becomes an asset of choice.
|Nominal value||Dimensions||Fineness||Product weight in grams||Gold weight in grams||Gold weight in Troy ounces|
|50 USD denomination||32.70 mm||917||33.91873 g||31.10347g||1|
The American Gold Eagle coin was first issued in 1986 and has since been in continuous production. The United States West Point Mint is responsible for the production of the coins.
The obverse portrays the figure of Lady Liberty holding a torch in her right hand and an olive branch in her left. In the bottom left background the Capitol building is visible, and on the right the year of mintage accompanied by the letter “W”, which is the mint mark for West Point Mint.
The reverse portrays a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings. Above the flying eagle is the text “UNITED STATES OF AMERICA” and in the centre next to the female eagle is the text “E PLURIBUS UNUM”, which is Latin for “one out of many” and “IN GOD WE TRUST”. Inscribed below the eagle nest is the weight of the coin, the nominal face value of $50 and the designer’s initials “MB”, standing for Miley Busiek, in charge of sculpting the eagle nest.
The American Gold Eagle is a 22 carat fine gold coin which means it is composed of 22/24 = 91.6% gold. The rest of the coin is 5.33% copper and 3% silver. This gold – copper – silver alloy makes the surface of the coin more durable and less prone to scratches and marks. Even though the coin is 22 carat, it still contains one troy ounce of gold (31.1 grams). This is because the coin itself weighs 1.0909 troy ounces or 33.92 grams.
When placing an order through our online shop, you can choose to have the products sent to your local post office or to collect them at our shop in Copenhagen.
By post: Upon receipt of payment to Tavex’s account, your order will be shipped as an insured value package. You will receive an SMS and an e-mail from Post Danmark with a tracking number to get updates on your delivery.
In person: Upon receipt of payment to Tavex’s account, we will contact you via phone and e-mail when your order is ready to be picked up in our shop (during opening hours). Valid photo ID will be required when collecting your items.
Deliveries outside of Denmark are to be agreed with Tavex and can be arranged by contacting us on telephone + 45 33 12 09 07 or via e-mail through .
Please refer to our “Terms and Conditions” for detailed delivery instructions.