The American Gold Eagle is a stunning gold coin minted by the United States Mint, containing 91.67% gold, 3% silver, and 5.33% copper. Each coin contains one troy ounce of gold, but its total weight is actually slightly more than one ounce due to the additional metals used in its composition.
The obverse of the coin features a beautiful depiction of Lady Liberty holding a torch and olive branch, designed by Augustus Saint-Gaudens for the $20 Double Eagle gold coin in 1907. This classic design has been updated with a Type 2 version of the coin, which features sharper details and more distinct lines.
The reverse side of the coin has also been updated with a new design for the Type 2 version. Created by artist Jennie Norris, the reverse design features a portrait of a bald eagle sculpted by Renata Gordon. The reverse also features the inscription "UNITED STATES OF AMERICA," the coin's weight and denomination, "In God We Trust" and the phrase "E PLURIBUS UNUM."
As legal tender in the United States, the American Gold Eagle has a face value of $50, although its true value is based on the current market price of gold. The US government guarantees that each coin contains one troy ounce of gold, making it a valuable addition to any investment portfolio or coin collection.