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1oz American Eagle Gold Coin
In StockTavex is pleased to offer the 2024 1oz American Eagle Gold Bullion, the most popular gold piece ... read more
We sell
We buy
Spread
1-4
£1,988.44
7.15%
£2,141.45
5-9
£1,988.44
6.97%
£2,137.39
10+
£1,988.44
6.70%
£2,131.30
Introduction
Tavex is pleased to offer the 2024 1oz American Eagle Gold Bullion, 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 these American Eagle gold coins stems from their beautiful design, high quality, and prestigious legal tender status. First released by the United States Mint in 1986, American Eagle gold coins have become the preferred tangible asset of many precious metals experts who, to this date, have bought more than 30 million pieces.
With their purity guaranteed by the US Government, American Eagle gold bullion coins are recognised worldwide. They are supported by a deep liquid market, making them suitable for most private individuals. Especially for those who would like to diversify and hedge their portfolios against unfavourable market events, American Eagle gold coins offer a unique opportunity for portfolio diversification. They serve as a valuable market hedge in various asset classes, including stock markets.
These coins, with their fine gold content measured in troy ounces and 22 karats gold alloy, are not only a way to track the gold price tracking but also serve as a form of physical gold that provides investment security. They can act as a safeguard against portfolio risk in a dynamic financial market environment, helping investors protect their bottom line and reduce the potential to lose money.
American Eagle gold coins offer many advantages. They are a reliable means of preserving wealth and enhancing your portfolio's stability, backed by their monetary stature and global recognition.
Why Buy
- American Eagle gold coins directly track the price of gold. This makes American Eagles a valuable addition to various investment options across different asset classes such as stock markets. The value of American Eagle gold coins is primarily determined by their fine gold content, measured in troy ounces, which is linked to the prevailing market price of gold.
- American Eagle gold coins are recognised as money and were granted legal tender status in 1985 by the United States Congress. This status establishes them as a form of currency in addition to being a precious metal. This makes them a unique choice for central banks, financial advisors, and investors seeking to diversify their portfolio and holdings.
- These coins are highly liquid and widely recognised, with over 30 million coins issued by the United States Mint to date. This deep liquid market ensures that investors can easily buy and sell American Eagle gold coins, providing flexibility in managing cash flows.
- American Eagle gold coins are known for their durability due to being minted from a gold alloy that is 91.67% pure (22 karats). American Eagle Coins also have additional silver and copper components that enhance the coins’ surface. This durability makes them suitable for periods of time, ensuring that investors can hold onto them as a long-term store of value.
- American Eagle Coins are considered as the equivalent of savings. American Eagle bullion coins offer a secure and stable investment option for individuals looking to safeguard their wealth. Their low correlation with other financial market assets means they can serve as a market risk hedge. This protects portfolios from potential losses in other asset investment and classes.
History
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 gold experts 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 gold buyers 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 gold experts 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.
The US West Point Mint
By witnessing the growing popularity of other countries’ 24 karat gold bullion coins, of which Canada’s Maple Leaf and Austria’s Philharmonic gold coins are good examples, the United States Mint decided to issue for the first time in its history its own version of a .9999 fine legal tender gold coin. Until 2006, the only American legal tender gold bullion coin available for purchase was the gold American Eagle which, unlike the Gold Buffalo, is a 22 karat coin and is made of gold and a copper - silver alloy. The introduction of the gold American Buffalo coin was also a historical moment for the United States Mint which for the first time issued two separate legal tender gold coins that contained different gold purities.
Product weight in grams
33.95576
Gold weight in grams
31.10348
Fineness
916.7
Gold weight in troy ounces
1
Diameter (mm)
32.7
Thickness
-
Face value description
50 USD
Manufacturer
United States Mint, United States
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 side features a detailed portrayal of a bald eagle's head, accompanied by the US national motto, 'E PLURIBUS UNUM' (IN GOD WE TRUST). The coin also includes the following inscriptions: "UNITED STATES OF AMERICA, 50 DOLLARS 1 OZ. FINE GOLD". This design was crafted by Jennie Norris and sculpted by Renata Gordon.
Packaging
The American Eagle gold coin is packaged in a hard plastic capsule if desired.
We understand the importance of ensuring that you receive your order in a safe and secure manner. That’s why each order goes through additional quality control, is carefully packaged in a protective box and discreetly labeled to guarantee the protection of your privacy. Additionally, we take extra steps for your peace of mind – every shipment is fully insured, so you don’t have to worry when ordering products online.
We are committed to providing you with the best possible service and experience, and we believe that one important aspect of the process is a safe and secure shipment process. If there are any issues with your shipment, such as damage or loss, please don’t hesitate to reach out to us. Our dedicated customer support team is always available to help by phone 020 4541 4145 or tavex@tavexbullion.co.uk, and we will do everything in our power to sort out any problems and get your order to you in a timely and efficient manner.
After we dispatch your parcel, we will provide you with a tracking number so that you can track its progress and see exactly where it is at all times. This way, you can stay informed about the status of your order and know exactly when to expect it to arrive. Transparency is key to a great customer experience, and we are always here to help with any questions or concerns you may have.
Each order is discreetly packed and fully insured, so you can safely order products online – additionally, after dispatch, we will provide you with the package number, so you will be able to track its entire route.
