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Made in the USA from 100% domestic gold, the American Gold Eagle is a tribute to the glorious era when gold and silver coins were our nation’s only legal tender.
That period reached its zenith early in the 20th century, with a mandate to make our gold coinage the most beautiful in the world. It ended abruptly on April 5, 1933 when, by Presidential Executive Order, Americans were stripped of their right to privately possess gold.
When the prohibition was lifted four decades later, a vast new market for gold bullion was opened. South Africa, who had introduced the Krugerrand six years earlier, now began to aggressively promote the coins to eager American investors.
A young sculptor, Miley Busiek, campaigned tenaciously for a new American gold bullion coin bearing her novel eagle design on the reverse. On November 14, 1985, following a sanction banning the importation of Krugerrands, Congress authorized mintage of a Gold Eagle Bullion Coin.