2020 1oz American Eagle Gold Coin
2020 American Gold Eagle
American Eagle Gold bullion coins are issued by the United States Mint.
This is a brand-new bullion finish coin, issued without expensive presentation boxes to maximize the amount of gold for your money. Modest orders are packed loose, with tubes for orders of 20 or more and monster boxes in denominations of 500.
If you would like to protect your coins further, these coin capsules fit perfectly.
Each 1oz coin is struck in 22 carat gold and contains 31.103 grams of pure gold.
On one side the coin has Liberty holding an olive branch and a torch.
The reverse has a design by Miley Busiek of 2 eagles building a nest. This is meant to show the nation as a strong and secure place in which to build your own home (nest).
The male eagle is carrying an olive branch (representing peace) and the female is protecting their young.
On the reverse are also the words E Pluribus Unum meaning ‘one out of many’ and ‘IN GOD WE TRUST’.
Coin History and Mintage
Although the first Gold Eagle bullion coins were issued in 1986, the first gold coin produced in the USA was the $10 gold Eagle in 1795.
These days, the US Mint still produces coins that are heavy in symbolism and represent the strength and stability that the USA likes to stand for.
This coin is one of the most bought coins since it first appeared and is very popular amongst investors and collectors alike.
Due to its makeup, this coin is very resistant to scratching and this keeps its value high.
The Eagle is also produced as a silver coin, which has also proved popular to precious metals investors.
The American Eagle
One of the most recognisable symbols of the US, the American eagle, was chosen as the emblem of the United States of America on June 20th, 1782.
It was said it was chosen because it had a long life, was strong and majestic and it was believed it could only be found in the United States.
The eagle is also said to represent freedom.
The eagle appears on all official seals of the United States, most money (coins and paper) and stamps.
Our Expert Opinion
Undoubtedly one of the most widely known and owned coins in the world. This reflects its design, resilience and heritage. In practise, it means the investor gets to own an incredibly liquid asset.
Eagles tend to trade relatively close to spot value, due to their abundance, which makes them desirable for those wanting value rather than numismatic value.
While the Eagle is VAT exempt, you’d have to venture towards the UK coins to achieve a Capital Gains Tax free collection. The obvious comparison is the 1oz Britannia coins, but we’d also recommend looking at variations of the ever-popular Sovereign coin which is tax free and provides the choice between low cost new coins, and higher value historic versions, such as the Young Head Victoria Sovereign. Don’t forget that each person in the UK is permitted to make over £11k in annual capital gains without incurring tax, so there’s no reason why you can’t own Foreign gold coins and still be tax efficient.
|Categories:||1oz Gold Coins, Bullion coins, Bullion Coins, Foreign Gold Coins, Gold Bullion Coins, Gold Coins, Gold Feed Price, Other coins, Tax-Free Gold Coins|
|Precious metals content (g)||31.1035|