Just like he changed the way Americans invest in silver forever when he signed the Liberty Coin Act in 1985, President Ronald Reagan also changed the way Americans invest in gold that same year when he signed the Gold Bullion Coin Act.
The first documented discovery of gold was a 17-pound gold nugget found in 1799 in Cabarrus County, North Carolina. The California Gold Rush, which made gold top of mind for pretty much all Americans, occurred at Sutter’s Mill on January 24, 1848, causing a frenzied rush of hundreds of thousands of people, west by land and sea, fueled by the promise of life-altering riches.
But during World War I, the government suspended the gold standard, then in 1933 President Franklin D. Roosevelt signed an order requiring all citizens to turn their gold holdings over to the Federal Reserve in exchange for $20.67 per ounce. In 1942, he closed all the gold mines. Surprisingly, that limitation on gold ownership was not repealed until 1974 ,with a bill signed by President Gerald Ford.
When President Reagan signed the Gold Bullion Coin Act into law, it launched the American Gold Eagle on the path to becoming the world’s most in-demand gold coin. The response was so large in fact that a story in the October 22, 1986, New York Times stated “the American Eagle, America’s new gold coin, has proved a success of embarrassing proportions. The supply has run out…the response has surprised the Mint, which yesterday suspended sales of the coins until next Monday because there were none left to sell.”
A big part of the reason for the Gold Eagle’s popularity, then and now, is a provision of the law that requires the coin be minted from gold mined in the United States. The Gold Eagle is truly an American gold coin.
Another reason the coin is so popular is its beautiful, uniquely American design, combining the old and the new. The front of the coin features a modified version of American sculptor Augustus Saint-Gaudens’ classic design for the $20 Double Eagle gold piece, originally commissioned by President Theodore Roosevelt and minted from 1907 to 1933. The design features a stunning image of Lady Liberty marching confidently forward, holding a torch in her right hand and an olive branch in her left hand. The original reverse of the Gold American Eagle depicting a family of bald eagles, was designed by American sculptor Miley Tucker-Frost.
In honor of the coin’s 35th anniversary, the American Gold Eagle got a new reverse design midway through last year. The new design, showing a close-cropped profile of a regal bald eagle with a strong, curved beak, thick plumage, and an intense gaze, was created by artist Jennie Norris.
Each of these Gold Eagles is struck in One-Ounce, Half-Ounce, Quarter-Ounce and One-Tenth-Ounce of 91.7% fine 22-karat gold, and has a legal-tender value of $50, $25, $10 and $5 respectively.
For any collectible coin or proof, collectors want the “best of the best,” the finest quality available. With coins, quality is measured by grades on a 70-point scale. A grade of 70 represents absolute perfection, even under magnification. There is nothing higher. There’s simply no better condition—and no grade is more coveted by collectors. Of the hundreds of thousands of Gold Eagles sent for certification, only a fraction return with the coveted Mint State-70 (MS70) grade that signifies perfection.
Each of the 2022 Gold Eagles you have here is certified in perfect Mint State-70 (MS70) condition by Numismatic Guaranty Corporation (NGC), one of the top third-party coin-grading services in the world. Each coin has also been designated with the most-desired pedigree of First Day of Issue. Pedigrees are additional attributes of a coin that can increase its collector desirability—and the pedigree collectors want most on Gold Eagles is First Day of Issue, which means the coins were released on the very first day of production by the U.S. Mint.
But that’s not all! Each of these Gold Eagles will arrive encapsulated in a tamper-resistant holder, featuring an exclusive label, one per coin, with a hand-signed signature from women and men who played a critical role in the design of these beautiful coins, including the Gold Eagle’s reverse designer Jennie Norris, the 12th Chief Engraver of the U.S. Mint John Mercanti, and the 34th and 39th Director of the U.S. Mint David Ryder.
Don’t drag your feet on this. The general public can’t purchase 2022 One-Ounce Gold Eagles like these directly from the U.S. Mint. Only approved bullion distributors can buy them directly from the source. Fortunately, GovMint.com is your connection to buy these beautiful bullion coins! Nobody knows the mintage of 2022 Gold Eagles, but it’s a fact that only a very small fraction of those coins will earn the coveted First Day of Issue pedigree,certified as perfect MS70 and have exclusive, hand-signed labels. Secure yours today.