In 1986, the United States began striking silver and gold bullion coins to compete with world bullion coins such as the Canadian Maple Leaf, the South African Krugerrand, and others. The value of these coins was intended to be tied directly to their metal value, although in some cases (where mintages were low) a collector market has developed.
American Eagle Design
The obverse of the American Eagle Gold Coins follows, Liberty, as depicted by Augustus Saint-Gaudens since 1986. The Saint-Gaudens design first appeared on the United States’ $20, or double-eagle, gold piece in 1907, where it remained until 1933.
American Eagle Gold coins contains 91.67% gold, 3% silver and 5.33% copper. This is to produce a more wear-resistant coin.
US Legal Tender
American Eagle Gold coin’s weight and gold purity are guaranteed by the United States Government.