One Ounce Certified Proof Gold Eagles

One Ounce Certified Proof Gold Eagles

The American Gold Eagle was first released in 1986, wherein the Proof Gold Eagle also made it's debut of 1 oz coins. It wasn't until 1988, that the Proof American Gold Eagle Coin became available in four sizes, like it's BU counterpart: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. Besides the obvious difference, between the two finishes of the Brilliant Uncirculated and Proof American Gold Eagles, another major difference is the packaging of the coins.

The Proof American Gold Eagle's packaging is more aesthetically pleasing than the Brilliant Uncirculated coin tubes. The Proof American Gold Eagle itself is encased in an appropriately fitted capsule then placed into a velvet presentation box with its Certificate of Authenticity. The presentation box is then protected by an official US Mint cardboard box. Since the Proof American Gold Eagles are not minted, at the same quick pace to meet demand, as the Brilliant Uncirculated coins, their value is higher and allures investors into this coin program, as well its loyal collectors.

Proof American Gold Eagle Production

The American Gold Eagle coin program rivals other popular gold coin series worldwide. Each coin is guaranteed by the US Mint and Treasury for it's weight and purity. The US Mint prides itself on the high quality and precise production value of the American Gold Eagle. To make the perfect coin, the process is extremely meticulous. The process begins with a blank put through a spinning drum. When that blank comes out, on the other end, a specialist handles the coin with white gloves to ensure maximum care. The coin is then placed, by hand, into the coin press, where a high pressure strike is released. The individualized care, per coin, results in a clean, crisply minted product. Investors and collectors are aware of the caution that is used minting the American Gold Eagle, making it the official bullion coin in the United States.

The proof finish is described as mirror-like and although it contains the same alloy as the brilliant uncirculated version, making it a more durable coin, the proof finish is more sensitive to contact, resulting in an easily scratched coin. Numismatists prefer keeping their Proof Gold Eagles in their original packaging for protection.

History of the American Gold Eagle

The American Gold Eagle is the United States' official gold bullion coin and remains an homage to one of the most influential gold coins in the nation's history. The obverse follows the artistic design created by Augustus Saint-Gaudens, for the $20 Gold Double Eagles, issued from 1907-1933. Saint-Gaudens was exclusively picked by president, Theodore Roosevelt, to design an image that would be a part of US history, while also reinvigorating US gold coinage.

Many people confuse the American Gold Eagles with the "double eagles" of the Pre-1933 gold coin program. The double eagles are the $10 gold coins that once held the title of highest monetary value gold coin. In the 1820's and 30's, Congress was asked, on multiple occasions, to authorize the minting of a new gold coin. During the famous gold rushes, there were very large transactions taking place that would leave traders and prospectors with pockets full of small denomination gold coins. This system was neither safe or ideal for anyone so a larger denomination gold coin was the only answer. The $20 Liberty was first produced in 1850, maintaining its design until 1907, when the $20 Saint-Gaudens design took over.

Since the passage of the Gold Bullion Act of 1985, the American Gold Eagle Bullion coins have been diligently produced each year. Ronald Reagan signed the bill into action, forever changing the US precious metals industry. The first American Eagle was released in 1986 and was offered in sizes of 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz.

American Gold Eagles are produced annually, by the US Mint, and carry the same design year after year. In order to preserve the crispness of the strike, the US Mint throws out the dies every year, and makes brand new ones for the succeeding year. The American Gold Eagles are 22-karat pure, containing an alloy of silver and copper lending to the coin's resistance to wear. Compared to other gold bullion coins, the American Gold Eagle is a larger and stronger coin.

Design of the American Gold Eagle

Repurposed in 1986 for the American Gold Eagle, the infamous design was created by Augustus Saint-Gaudens in 1907. The American Gold Eagle coin program rivals other popular gold coin series worldwide. Each coin is guaranteed by the US Mint and Treasury for it's weight and purity. The Lady Liberty design has been used as a symbol of patriotism since the US began minting their own currency and her message of courage and power still reigns true. Dressed in a light robe, Lady Liberty is depicted as a warrior, with only a torch and an olive branch as her weapons. The word, "Liberty," is written above her head, and 50 small stars encircle the coin's rim.

As per the country's Founding Fathers' request, the Bald Eagle became the nation's emblem; representing strength, independence, and leadership. Miley Busiek features a Bald Eagle family, on the reverse of the American Gold Eagle; a male, female, and a hungry baby. The representation of these three eagles depicts the country's strength,in the past, present, and future. The king of the birds of prey nests within a bed made of olive branches with the coin's weight, purity, and monetary value written underneath the eagle family.

Certified American Gold Eagle Terms

  • MS: Short for "Mint-State;" refers to coins that have never been in circulation and are the same condition as when they were originally produced. Mint State coins will receive a grade ranging from 60-70 on the Sheldon Numeric Scale.
  • PF/PR: Abbreviation for "Proof;" refers to the method of coin manufacture, made for eye appeal among collectors.
  • SP: A "specimen" coin is a combination of strike type (somewhere in the middle of Mint State and Proof).
  • MS/PF70: Bullion coins that have kept their original mint luster and contain zero post production flaws.
  • MS/PF69: Bullion coins that contain 2 or less minute imperfections but still carry their original mint luster.
  • First Strike: PCGS term designates coins that have been certified within the first 30 days of production by the contributing mint.
  • Early Release: NGC term designates coins that have been certified within the first 30 days of production by the contributing mint.
  • UCAM/DCAM: Shortened for Ultra-Cameo and Deep-Cameo, these terms refer to the coin's visual brilliance that is apparent on the surface by an unyielding, frosted finish and a deeply mirrored background luster.

Read Less ▲

8 Items
8 Items