American Eagle Coins are a Result of the Coinage Act of 1972

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Initially available in denominations of $20, $10, $5, and $2.50, these gold coins are today produced in silver, gold, platinum and palladium. Production of the coins began in 1986 following the Gold Bullion Coin Act of 1985. The act requires the US Mint to make American Eagle coins from gold mined in the United States. The Federal government guarantees the coin’s gold weight and purity.

Gold American Eagles are produced in “crown gold”, a 22 karat alloy introduced by king Henry VIII in 1526. This means the coins are 91.67% gold and the balance in silver and copper. However, it is important to note that the weight marked on each coin is the actual gold weight contained, and does not include the weight of the alloy metals. Buyers can be sure the 1 oz gold American Eagle does contain a full troy ounce of gold content.

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