Us Mint Gold Coins
Last year’s surge in demand for investment gold and silver continued into January if sales at the US Mint are any indication.
United States Mint Homepage - Coins and Medals, Shop, Product Schedule, Customer Service, Education, News and Media and More. Jan 26, 2021 The U.S. Mint launched the American Eagle Coin Program in 1986 with gold and silver bullion coins for investors. The program has since expanded to include platinum and palladium coins. The Mint also makes proof and uncirculated versions of the American Eagle coins for collecting.
American Eagle Bullion Coins provide investors with a convenient and cost effective way to add gold to their investment portfolio. Pricing for bullion coins typically depends on the market price of the metal. Visit the Bullion Dealer Locator to locate a dealer - bullion coins are not sold directly by the U.S. Produced and sold for collectors, gold coins produced by the U.S. Mint are beautiful pieces of art in precious metal. Coins are produced in proof and uncirculated finishes, in varying composition ranging.
American Gold Eagle bullion coin sales were up 455% in 2020 and the selling continued through the first month of 2021. The mint called the current market demand for precious metals coins “exceptional.”
Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supply, record federal budget deficits, and quantitative easing set to infinity. While overall demand for gold was down on the year, investment demand hit record levels, according to the World Gold Council. Globally gold coin sales reached a record high of 297.6 tons last year. That was 10% above the previous high of 271 tons set in 2013.
Investment in gold and silver didn’t appear to slow down any in January. According to the US Mint, American Gold Eagle sales were up 267% year-on-year last month, totaling 220,500 ounces. It was the strongest month for Gold Eagle sales since April 2013.
The Mint sold 884,000 ounces of American Gold Eagle coins last year.
Silver Eagle sales were also up year-on-year in January. The US Mint reported 4,775,000 ounces of silver American Eagle coins sold, a 24.15% increase. It was the best January for silver coin sales at the mint since 2017.
According to a Bloomberg report, the US Mint is rationing sales of Silver Eagles and also allocating gold and platinum coin sales to authorized purchasers only. In a statement, the Mint said the policy will remain in place “for the foreseeable future.”
The US Mint continues to struggle to meet high demand due to limited supplies and capacity reductions due to the coronavirus. The mint had to temporarily shut down production at its New York facility last April due to COVID 19. Due to production cuts, there were no half, quarter, or tenth-ounce Gold Eagle coins available several months last year.
Looking ahead to 2021, production issues will likely continue to be a problem. Mint officials said there is a limited window to produce gold and silver coins this year due to the release of redesigned coins scheduled for this summer.
Overall demand for physical gold should remain brisk in 2021. There is no end in sight to the borrowing, the spending, and the money printing. Peter Schiff has been predicting inflation pressures will ramp up significantly in the coming year. In fact, we’re already seeing the impacts of the rampant money printing on prices. For instance, import costs have doubled and in some cases tripled. Commodity and agricultural prices are up, along with the price of oil.
Analysts have also noted that demand for physical gold tends to increase during Democratic presidential administrations.
- Year of Issue: 2021
- Authorizing Legislation: Public Law 99-185
Background
Authorized by the Bullion Coin Act of 1985, American Eagle Gold Bullion Coins quickly became one of the world’s leading gold bullion investment coins. Produced from gold mined in the United States, American Eagles are imprinted with their gold content and legal tender “face” value. An American Eagle’s value is based on the market price of its metal content, plus a small premium to cover coinage and distribution.
American Eagles use the durable 22 karat standard established for gold circulating coinage over 350 years ago. They contain their stated amount of pure gold, plus small amounts of alloy. This creates harder coins that resist scratching and marring, which can diminish resale value.
Government Guarantee
What truly sets American Eagles apart is that they are the only bullion coins whose weight, content and purity are guaranteed by the United States Government. Investors can buy them with confidence, knowing the coins contain their stated amount of gold. In addition, long-term savers can include American Eagles in their Individual Retirement Accounts (IRAs).
Investing in Gold
Ever since its discovery 5,000 years ago, gold has been treasured for its unmatched luster, beauty and intrinsic value. Today, gold continues to enjoy widespread appeal as an investment and storehouse of value. Gold is an internationally recognized monetary and financial asset held in reserve by major governments. It is so rare that all the gold ever mined could fit into a cube measuring just 20 yards on each side. Most importantly, gold can play a role in diversifying an investment portfolio, since it can move independently of stocks and bonds. What’s more, gold is a tangible asset – one whose beauty and artistry you can literally hold in your hands. When purchased in the form of legal tender bullion coins, gold can be affordable, as well as easy to buy and store. Americans purchase more American Eagle Gold Bullion Coins than any other gold coin. Produced by the United States Mint, Department of the Treasury, these coins are available in four denominations.
Easy to Buy and Sell
An important measure of any investment is its liquidity: How easy is it to resell? United States Government backing means that like the dollar, American Eagle Bullion Coins are accepted in major investment markets worldwide. They are also the most widely traded bullion coins in America, affording investors narrow spreads between buy and sell prices.
It’s easy to track the value of American Eagle Bullion Coins. Most major newspapers report the daily price of gold. An American Eagle’s value is based on the market price of its metal content, plus a small premium to cover coinage and distribution costs.
You can purchase American Eagle Gold Bullion Coins from most major coin and precious metals dealers, as well as brokerage houses and participating banks. Locate an authorized dealer. They are minted in four weights – 1/10, 1/4, 1/2 and 1 ounce – to fit a variety of budgets. The smaller sizes also make affordable and thoughtful gifts.
For more information about American Eagle Bullion Coins call 1-888-USA-EAGLES Extension 9475.
Read MoreRead LessCharacteristics
Minted to exacting standards, the obverse (front) design is inspired by what's often considered one of America's most beautiful coins: Augustus Saint-Gaudens' celebrated $20 gold piece, minted from 1907-1933.The reverse design, by sculptor Miley Busiek, features a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings.
Obverse Inscriptions
- LIBERTY
- Year
Reverse Inscriptions
- UNITED STATES OF AMERICA
- E PLURIBUS UNUM
- IN GOD WE TRUST
Artist Information
Obverse- Designer: Augustus Saint-Gaudens
- Designer: Miley Frances Busiek