1 oz American Gold Eagles
Tavex is pleased to offer the gold American Eagle coin, the most popular gold piece issued by the United States, and one of the foremost investment gold bullion coins in the world. The popularity of this impressive gold coin stems from its beautiful design, high quality, and its prestigious legal tender status.
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 Eagle gold coins track the price of gold. The value of American Eagle gold coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.
- American Eagle gold coins are money. Granted legal tender status in 1985 by the United States Congress, the gold American Eagle coin is currently the longest continuously produced US gold piece since the 1930s to have reclaimed this precious monetary stature.
- American Eagle gold coins are liquid and recognised. 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 Eagle gold coins.
- American Eagle gold coins are durable. They are minted from a gold alloy that is 91.67 % pure (22 karats). The rest of the alloy contains silver and copper, which strengthens the coins’ surface and enhances the durability of the coin making it suitable for handling.
- American Eagle gold coins are the equivalent of savings. American Eagle bullion coins are an ideal choice for any type of long-term investor who appreciates the security and stability of owning physical legal tender gold coins.
- American Eagle gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes American Eagle coins serve as a portfolio hedge against market risk.
The United States financial panic of the 1930s and gold
With the United States in the midst of severe depression in 1930s, gold naturally became the asset of choice. With people seeking to exchange all forms of paper securities, including bank notes, for gold, the financial sector and the Government itself experienced a run on their gold reserves. To prevent this, in 1933 President Franklin D. Roosevelt issued the infamous executive order 6102 that criminalised the ownership of gold and made all government issued paper instruments non-redeemable in gold. From 1933 onwards, a new financial era began in the US, where pieces of green paper became the cornerstone of the country’s monetary system.
Sales of American Eagle coins 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 gold American 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 tonnes of American Eagle gold coins, to satisfy the demand from investors and coin dealers!
The gold American Eagle coin – the perfect hedge
With its prestigious legal tender status granted by the United States Government, American Eagle bullion coins 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 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 gold American Eagle coin becomes an asset of choice.
|Nominal value||Dimensions||Fineness||Product weight in grams||Gold weight in grams||Gold weight in Troy ounces|
|$50||32.70 mm||916,7||33.95576 g||31.10347g||1|
The American Eagle gold 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.
Obverse: 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.
Reverse: 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.
Purity: The American Eagle gold piece is a 22 karat coin which means it is composed of 22/24 = 91.67% gold and the rest of the coin contains 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.
When placing an order through our online shop, you can choose to have the products delivered to your local post office or to collect them in person at one of our offices in Stockholm.
Delivery by PostNord: all orders are fully insured and trackable. The package is shipped the same day after we receive your payment and will arrive to your local post office within 1-3 working days.
Self pick-up: you are welcome to come and collect your products at one of our offices in Stockholm the same day we notify you that we have received your payment.