The American Gold Eagle is a favorite among both gold collectors and gold stackers every year, but especially with the year 2020 being on these coins, they are sure to intrigue any collector of gold coins. In addition to this, they are still the most highly recognized gold coin in the world, so Gold Eagle Coins are considered to be one of the most easily-tradeable gold coins on the market.
2020 American Gold Eagle Design - Has It Changed?
The obverse of the 2020 gold eagle features Lady Liberty confidently striding forward with a torch in her left hand and an olive branch in her right. The US Capitol Building can be seen behind her, and the circumference of the coin is filled with 6-pointed stars. 2020 will be minted to the right of her, with the word “LIBERTY” minted at the very top of the coin.
The reverse of these gold coins features a family of bald eagles in the center of the design. The father is landing in the nest with an olive branch clutched in his talons while the mother holds two eaglets in her wings. The nest is mostly comprised of olive branches, representing peace. “UNITED STATES OF AMERICA” is minted at the top of the coin, with the ounce and face value minted at the very bottom. “E PLURIBUS UNUM” is minted to the left of the nest, & “IN GOD WE TRUST” is minted to the right of the nest.
The US Mint has discussed the idea of changing the design of both the Gold Eagle reverse and the Silver Eagle reverse multiple times in the past decade, with the most recent occurence being in May of 2019. The US Mint has changed the design of the Platinum Eagles for the proof version, but has kept the bullion version’s design the same since it started in 1997.
The American Gold Eagle
The American Gold Eagle Coin is the most iconic gold coin produced in recent history. The Gold Eagle coin program was started in 1986 by the US Mint. In the same year, the US Mint also started the Silver Eagle coin program. The Gold Eagle has become the most highly traded gold bullion coin in the United States and one of the most popular world-wide as well.
Unlike their silver counterparts, the Gold Eagle is minted by the US Mint in more than one size. In addition to the one ounce, the American Gold Eagle is minted in weights of 1/2 oz, 1/4 oz, and 1/10 oz. 1 oz Gold Eagles are minted using 1 troy ounce of pure gold and the coins will be in Brilliant Uncirculated condition. Additionally, each Gold Eagle is also inspected by hand before being placed into their tubes by US Mint employees. Each Gold Eagle tube holds 20 of the coins. These tubes are then packed into red Gold Eagle Monster Boxes before they are sent off to their destination. However, not many people purchase Gold Eagle coin monster boxes, since they are valued at around $760,000.
Gold Eagle Mintage Numbers
The American Gold Eagle Coin is the most famous gold bullion coin in the world. Since its first release, the Gold Eagle’s mintage numbers have fluctuated between the smallest mintage of 140,000 coins in 2007 and a maximum of 1.5 million coins minted in 1999. Since 2016, the mintages have shrunk dramatically down to roughly 200,000 minted per year compared to the roughly 800,000 per year in the years leading up to 2017. The US Mint has shown no signs that this trend will not continue into 2020.
The other weights of the American Gold Eagle Coin features similarly small mintages. The 1/2 oz has had an average of around 30,000 in recent years, the 1/4 oz has been around 60,000 pieces, the 1/10 oz has been roughly 200,000 coins per year.
US Mint History
The Philadelphia branch was the first location of the US Mint established by the US Constitution. The three branches that were established after the Philadelphia facility were Charlotte, Dahlonega (Georgia), and New Orleans which were all established in 1838. Both the Charlotte and Dahlonega locations were shut down in 1861 due to the succession of the southern states leading up to the Civil War. The New Orleans branch was closed during the Civil War but resumed operations in 1879 up until its permanent closing in 1909. The Charlotte and Dahlonega branches were replaced by the Carson City branch in 1870. This branch was only operational for a total of 20 years, but it allowed the US Mint to acquire all of the precious metals in the western US. Now, there are four operational branches of the US Mint: Philadelphia, Denver, San Francisco, and West Point. The American Gold Eagle Coin is minted at the Philadelphia, San Francisco, and West Point branches, however, the Gold Eagle Proof Coin is exclusively minted at the West Point Mint. Also, these proof coins are the only Gold Eagles minted that feature a mintmark in their design.
SD Bullion now has the 2020 Gold American Eagle Coin available at the lowest premium over the current gold spot online! Check them out on the website or look below at some of our 2020 Gold Eagle options!