American Eagle Proof 1986 Us Mint 1 Oz Gold Coin In Box
Posted by chris on July 27th, 2010
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American Eagle 1986 1 OZ US Mint Gold Coin – Still in original box AMERICAN GOLD EAGLE HISTORY:
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. 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.
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