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50 Dollars 'American Gold Eagle' Bullion Coinage
| Issuer | United States Mint |
|---|---|
| Year | 1986-2023 |
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| Composition | Log in to see details |
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| Engraver(s) | Obverse: Augustus Saint-Gaudens Reverse: Miley Busiek (MB) / James Licaretz (JW) |
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|---|---|
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| Obverse lettering | LIBERTY 2006 W ASG |
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| Reverse script | Latin |
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| Additional information |
The American Gold Eagle revived an alloy formula abandoned since 1933 — the same 22-karat gold used in Saint-Gaudens double eagles. This was a deliberate policy choice, not a technical one: Congress specified the composition in the Gold Bullion Coin Act of 1985 partly to differentiate the American product from the South African Krugerrand, which had dominated the global bullion market and become politically toxic due to apartheid-era sanctions.
The 1986 launch coincided with a near-total US import ban on Krugerrands taking effect that October, handing the Eagle an immediate market opening.