Tavex is pleased to offer the gold American Eagle coin, the most popular gold piece issued by the United States, and one of the foremost investment gold bullion coins in the world. The popularity of this impressive gold coin stems from its beautiful design, high quality, and its prestigious legal tender status. First released by the United States Mint in 1986, American Eagle gold coins have become the preferred tangible asset of many investors who to this date have bought more than 30 million pieces.
With their purity guaranteed by the US Government, American Eagle gold bullion coins are recognised worldwide and are supported by a deep liquid market. They are thus appropriate for most investors and especially for those who would like to diversify and hedge their portfolios against unfavourable market events.
The United States financial panic of the 1930s and gold
With the United States in the midst of severe depression in 1930s, gold naturally became the asset of choice. With people seeking to exchange all forms of paper securities, including bank notes, for gold, the financial sector and the Government itself experienced a run on their gold reserves. To prevent this, in 1933 President Franklin D. Roosevelt issued the infamous executive order 6102 that criminalised the ownership of gold and made all government issued paper instruments non-redeemable in gold. From 1933 onwards, a new financial era began in the US, where pieces of green paper became the cornerstone of the country’s monetary system.
Sales of American Eagle coins surges
Roosevelt’s executive order that penalised ownership of gold was in place for 41 years before President Gerald Ford repealed the law in 1974. It would take another eleven years for the United States Congress to pass the Gold Bullion Act of 1985, which authorised the creation of legal tender gold and silver coinage. Subsequently, in 1986, the United States Mint issued the first gold American Eagle coin. Considering that this was the first legal tender gold coin released by the United States in over five decades, there were many buyers waiting on the sidelines. In fact, in its first year of release, the United States Mint had to mint 3.6 million pieces, or 62 tonnes of American Eagle gold coins, to satisfy the demand from investors and coin dealers!
The gold American Eagle coin – the perfect hedge
With its prestigious legal tender status granted by the United States Government, American Eagle bullion coins have since 1986 been one of the most preferred gold coins of investors who wish to hedge their portfolio against falling stock markets and economic turmoil. Figures from the United State Mint related to demand for American Eagles clearly show that investors markedly increased purchases of these coins during the stock market crash of 1987, right before the peak of the dot-com bubble (also referred to as the internet bubble) of 1999 – 2000, and more recently in 2008 – 2009 when the US and other major economies plunged into severe recession. In fact, on an annual basis, demand during these periods increased on average by almost 100%, proving that in turbulent times in the market, the gold American Eagle coin becomes an asset of choice.
By witnessing the growing popularity of other countries’ 24 karat gold bullion coins, of which Canada’s Maple Leaf and Austria’s Philharmonic gold coins are good examples, the United States Mint decided to issue for the first time in its history its own version of a .9999 fine legal tender gold coin. Until 2006, the only American legal tender gold bullion coin available for purchase was the gold American Eagle which, unlike the Gold Buffalo, is a 22 karat coin and is made of gold and a copper - silver alloy. The introduction of the gold American Buffalo coin was also a historical moment for the United States Mint which for the first time issued two separate legal tender gold coins that contained different gold purities.
The obverse portrays the figure of Lady Liberty holding a torch in her right hand and an olive branch in her left. In the bottom left background the Capitol building is visible, and on the right the year of mintage accompanied by the letter “W”, which is the mint mark for West Point Mint.
The reverse portrays a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings. Above the flying eagle is the text “UNITED STATES OF AMERICA” and in the centre next to the female eagle is the text “E PLURIBUS UNUM”, which is Latin for “one out of many” and “IN GOD WE TRUST”. Inscribed below the eagle nest is the weight of the coin, the nominal face value of $50 and the designer’s initials “MB”, standing for Miley Busiek, in charge of sculpting the eagle nest.
The American Eagle gold coin is packaged in a hard plastic capsule if desired.
When placing an order through our online shop, you can choose one of the following options:
Delivery by Econt might take up to 1 working day, and delivery by a secure vehicle – up to 3 working days.
You are welcome to come and pick-up your products from the office you chose during checkout at the same day after we have received your payment.
In all instances, you need to present a valid ID to collect the products.Take into consideration that the client, the payer and the recipient must be the same person.
The package is fully insured, and in the extremely unlikely case that the package is lost or damaged, we will re-ship the items or refund your money.
The products are encased in protective wrapping and placed in a discreet, unbranded padded package.
If a delivery delay occurs or if the ordered product is out of stock, we will always contact you by email or phone to give you details about the delivery.
Prices of “Delivery to address”, and “Delivery to Econt office” are based on the total cart price. You can see detailed price information during checkout before you submit the order.
“Delivery by a secure (incasso) vehicle” to any location in Bulgaria costs 30 lv. regardless the total cart amount.
Most Tavex products are always in stock and therefore Tavex can deliver quickly and pick up on the same day at top prices on the market. Tavex is the official partner of the world’s largest mints, such as Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., PAMP Suisse and Valcambi refineries – market leaders in gold bullion production – but also of many other gold refineries and dealers.
Thanks to over 25 years of experience and large transaction volumes, Tavex can offer you the best prices on the market. At the same time, you can maximize your return on investment due to the low margins and spreads operated by Tavex.