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For an incredibly detailed and historic gold bullion coin, look no further than the popular 1/10 Oz Gold Eagle. First minted in 1986 by the U.S. Mint, the Gold Eagle carries a face value of $5, and is fully backed by the United State Government. These coins, which were a result of the Gold Bullion Coin Act of 1985, contain 22 karat (.9167%) gold, and by law, all the gold used has been sourced in America. The use of 22 karat gold coin represents the English standard, traditionally referred to as “crown gold”, and had been employed by previous U.S. coins, but since 1837, the standard had dropped to .9000 fine gold. This resurgence of the finer gold for this coin has resulted in the Gold Eagle, available in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations, to become the most popular gold bullion coin.
The obverse (front) design of the 1/10 Oz Gold Eagle features the stunning Lady Liberty. The design, a rendition of August Saint-Gauden’s $20 gold coin which was minted from 1907 to 1933, came at the behest of Theodore Roosevelt, with the intention to emulate ancient Greek and Roman coins. Backed by the sun’s rays, and with flowing garb, and flowing hair, Lady Liberty strides confidently as she holds an olive branch in one hand, while the other clutches a torch. The coin is framed by 50 stars (representing the states), features the Capitol building in the background, and has the word “Liberty” above Lady Liberty.
The reverse (back) of the 1/10 Oz Gold Eagle was designed by sculptor Miley Tucker-Frost. A male American bald eagle is prominently featured, with a branch in his talons, as he hovers over a nest of a female eagle as she tends to their chicks. Inscribed along the top is “The United States of America”, while along the bottom you will find “1/10 oz. Fine Gold”, and “5 Dollars”. To the left of the eagles you will find “E Pluribus Unum”, while on the right it says “In God We Trust”.
As with other coins, the worth is found in the intrinsic value, and not the face value of the coin. The intrinsic value of the coins is usually equal to the market value of their gold content, and like all commodities, this value fluctuates. The actual selling prices will vary based on the current spot price of gold. This makes the 1/10 oz Gold Eagle, smallest of the Gold Eagles offered, one of the easiest and best ways for many types of people to enjoy all the benefits of investing in gold. Start collecting yours today!