Buy Pre-1933 US Mint Gold Coins
The United States Mint started production of gold coins in 1795, two years after the passage of the Coinage Act. The Mint in Philadelphia had a behind start and the first match years were focused on making copper and silver coins for the mill, cent, dime bag and dollar denominations .
initially, gold neologism involved the US Eagle ( $ 10 ), the Half Eagle ( $ 5 ) and the Quarter Eagle ( $ 2,50 ). The double Eagle ( $ 20 ) was former introduced, in 1850. At the time, the face value attributed to the coins was actually suitable for the gold content used in their mint .
The measure of aureate was proportional to their expression measure deoxyadenosine monophosphate well. That means the The US Eagle had double the measure of aureate as the Half Eagle, and four times that of the Quarter Eagle .
however, with clock and inflation, specially the economic collapse of 1929 and the government measures put in invest during President Franklin D. Roosevelt ‘s term, the precious metallic element content within these american english gold coins began to outweigh their boldness value drastically. then, in club to prevent people from melting down coins, President Roosevelt introduced a newly model of decree currentness, setting aside the previous gold-based standard for the first time in US history. His office would then pass the executive club 6102, prohibiting most individual aureate ownership and demanding a confiscation of any gold coins in circulation in substitute for paper-money.
All confiscated gold was melted down by the government and used to feed the union gold reserve. The fact that these coins survived the confiscation act and are still on the grocery store today is a will to their historic and numismatic value. They have been in circulation during times of prosperity and crisis, through war and peace and are an all-important item to any investment portfolio diversification design and/or respected coin solicitation .
Seize the chance to be the owner of share of american neologism history and buy your pre 1933 Gold Coins from us here at SD Bullion .
Denominations, Designs and Gold Content
As mentioned above, gold coinage began at the US Mint in 1795 with the Eagle and Half Eagle Production of the Quarter Eagle would start the follow year. With the Gold Rush happening all across the state, specially in California and the West Coast in general around 1850, there was a enormous increase in gold supply for the Mint and Congress approved three newfangled denominations using gold : the Gold Dollar, the Three-Dollar Gold Coin and the Double Eagle .
different designs were used over the years and some of them still serve as an inspiration for advanced day bullion coins, like the American Golden Eagle plan .
The Eagle was the United States $ 10 gold coin denomination issued until 1933. It was initially struck with 33.0 millimeter diameters and 22k amber ( 91,667 % pure gold, besides known as English crown gold ) .
In 1834, in club to avoid melt and exporting of U.S. gold coins, the amount of gold used was reduced from .9167 to .8992 daintiness ( 21.58 karat ). however, it was former increased again to 90 % in 1838, when all silver medal contentedness was removed from the admixture, with bull being used in the remaining 10 %, which resulted in 0.48375 troy ounces of gold .
The $ 10 amber piece had a 34-year break in production, from 1804 to 1838 .
The following designs were used for the US Eagle :
- From 1795 to 1804 – Turban Head ;
- From 1838 to 1907 – Liberty Head, besides known as Coronet ;
- From 1907 to 1933 – indian Head .
THE HALF EAGLE
The Half Eagle was the United States $ 5 aureate piece and was struck until 1929. It was first base produced with 25.0 mm diameter, but was reduced a few times, to 23.8 mm in 1829, to 22.5 mm in 1834 and again, for the final examination clock, in 1866 to 21.6 mm .
Its amber composition went through the same changes as the Eagle, sol in 1838, when 90 % gold and 10 % copper started being used, its gold content was of 0.24187, precisely half that of the Eagle .
The Half Eagle had the designs below over the years :
- From 1795 to 1807 – Turban Head ;
- From 1807 to 1812 – Draped Bust ;
- From 1813 to 1834 – Capped Head ;
- From 1834 to 1838 – classical head ;
- From 1839 to 1907 – Liberty Head ;
- From 1908 to 1916, and again in 1929 – indian oral sex
THE QUARTER EAGLE
The $ 2.50 gold coin. It was produced, on and off, over the years until its final exit in 1929. It was besides first strike with .9967 fineness, late changed to .8992 with the final examination change in 1837 to 90 % aureate and 10 % bull. The Quarter Eagle started with 20.0 mm in diameter, and it was reduced to 18.5 mm in 1821, to 18.2 mm in 1829 and to 18.00 millimeter from 1840 and forth .
It contained precisely 0.12094 troy ounces of amber, one quarter the come of the Eagle.
Designs for the Quarter Eagle :
- From 1796 to 1807 – Turban Head ;
- In 1808, and then again from 1821 to 1834 – Capped Bust ;
- From 1834 to 1839 – classic capitulum ;
- From 1840 to 1907 – autonomy Head ( Coronet ) ;
- From 1908 to 1929 – indian Head .
THE DOUBLE EAGLE
The Gold Double Eagle was the $ 20 variation of the Eagle. It was first base introduced in 1850 after gold supply increased exponentially due to the California Gold Rush. Unlike the other Eagle denominations, the Double Eagle was constantly minted with 90 % gold and 10 % copper ( as that was already the standard at the time of its origin ). It was besides always produced with a 34.0 millimeter diameter .
The Double Eagle is celebrated for its iconic Saint-Gaudens design, where it features Lady Liberty strolling with a light common mullein on the right hand and an olive outgrowth on the left, with the rising sun on Her back on the mint ‘s obverse. This design was named after its sculptor, Augustus Saint-Gaudens and was revitalized by the modern day American Gold Eagle bullion mint .
duplicate Eagle designs :
- From 1850 to 1907 – liberty Head ( Coronet ) ;
- From 1908 to 1933 – Saint-Gaudens .
THE GOLD DOLLAR
The Gold Dollar denomination was the one-dollar piece minted from 1849 to 1889. It was struck using 90 % gold and 10 % copper and contained 0.04837 troy ounces of gold ( one tenth that of the Eagle ). It had three different designs during the years of mint, all three created by Chief Engraver of the meter, James B. Longacre .
It was initially created with 12.7 mm in diameter, but was late increased to 14.3 mm .
The designs for the Gold Dollar were :
- From 1849 to 1854 – Liberty Head wearing a coronet ;
- From 1854 to 1856 – Liberty Head portrayed as an indian princess ;
- From 1856 to 1889 – autonomy Head known as the Large Head invention ;
THE THREE-DOLLAR PIECE
coinage for the Three-Dollar gold while began in 1854 and continued regularly until 1889 .
The $ 3 face value mint had a diameter of 20.5 mm and contained .1451 troy ounces of gold .
The blueprint for this piece were taken from the Gold Dollar, depicting the Liberty burst wearing a native american english Headdress ( sometimes called the Indian Princess ) .
Why invest in pre 1933 coins?
Investing in Pre 33 amber coins can be a great room to expand your amber bullion holdings with these historic and numismatic items. SD Bullion guarantees they are original US Mint products. You will find them in our stocks in a diverseness of conditions, including certify coins.
Gold bullion investors and coin collectors alike have much to gain from purchasing a more rare gold coin such as these .
If you have any questions regarding these products, or any other bullion or numismatic coin, make certain to contact our customer back at 1 ( 800 ) 294-8732 or through our Live Web Chat feature. We are besides available via e-mail at sales @ sdbullion.com outside of office hours .