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The history of the US Mint

The United States Mint celebrates its 225th year in 2017, having been founded in 1792. On April 2nd of that year, Congress passed The Coinage Act, which saw the creation of the US Mint and authorised the construction of the first US Mint building (and the first federal building erected under the Constitution) in Philadelphia, then the nation’s capital.

The Coinage Act followed the creation of the new government by the framers of the US Constitution, who realised the need for a monetary system. Prior to this, currency in the US included a mix of foreign and colonial currency, produce and livestock. Alexander Hamilton, Secretary of the Treasury, prepared the plans for a national mint himself.

Today the United States Mint operates six facilities across the US and employs more than 1,600 people.

American proof and uncirculated coins

Proof coins are specially produced to a much higher standard and were originally intended as pre-production samples. When coin collecting became popular and the market for high quality, accurate coins grew, most mints began producing larger quantities of proof coins to satisfy enthusiastic collectors.

Uncirculated coins are those that haven’t been in circulation, meaning they’re of the same quality they were in when they were produced. Contrary to popular belief, this doesn’t mean that uncirculated coins will be in pristine condition. They might show contact marks obtained during production.

American gold coins – Eagle

Gold American Eagle coins are available in both proof and uncirculated finishes. They contain .917 fine gold (22 carat) and are available 1 oz, 1/2 oz, 1/4 oz and 1/10 oz variations.

The American Eagle coin was first produced in 1986 shortly after the purchase of South African Krugerrands became illegal. Following trade limitations caused by apartheid in South Africa, the US government created its own bullion coin to capitalise on the opportunity.

The American Eagle features Augustus Saint-Gaudens’ design of Lady Liberty, which was first used on the Double Eagle from 1907 – 1933.

American gold coins - Buffalo

Gold Buffalo coins are coins that consist of .9999 (24 carat) gold and carry a $50 (US dollar) face value.

The Buffalo was the first 24 carat gold proof coin ever struck by the US Mint and was first offered to the public in 2001. The top of the range in terms of accuracy, quality and gold content, it’s a widely sought-after coin that appeals to both investors and collectors.

The Buffalo coin features James Earle Fraser’s designs which originally appeared on the 5-cent coin produced between 1913 and 1938 and otherwise known as the ‘Buffalo Nickel’ or the ‘Indian Head’.

The price of American gold coins

Whilst they might have a face value, the amount you’ll actually pay for any of these American gold coins depends on the live price of gold at any given time.

The Gold Bullion Co. offer competitive, real-time pricing based on that live spot price. We also offer free, fully insured delivery across the UK and have over thousands of positive customer reviews.

To add some US gold to your collection today, browse our range of American gold coins now.

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2017 1/4 American Eagle Gold Coin
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2017 1/4 American Eagle Gold Coin. Weight 8.5 grams. Purity 22 carat (916.7/1000). Dimensions 23.0 x 2.0 mm.
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The 2017 1/4 American Eagle Gold Coin is Value Added Tax (VAT) free
2017 1/2 American Eagle Gold Coin
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2017 1/2 American Eagle Gold Coin. Weight 17.00 grams. Purity 22 carat (916.7/1000). Dimensions 26.93 x 2.115 mm.
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Prices in GBP£544.18 VAT free
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The 2017 1/2 American Eagle Gold Coin is Value Added Tax (VAT) free
$20 Liberty 'Double Eagle' Gold Coin
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American 'Double Eagle' $20 Liberty Gold Coin.
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The $20 Liberty 'Double Eagle' Gold Coin is Value Added Tax (VAT) free
American Eagle 1oz Gold Coin (Mixed Years)
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American Eagle 1oz gold coin. 33.9 grams of 22ct gold.
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Prices in GBP£1,009.23 VAT free
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The American Eagle 1oz Gold Coin (Mixed Years) is Value Added Tax (VAT) free
2017 American Eagle 1oz Gold Coin
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2017 American Eagle 1oz Gold Coin weighs 33.9310 grams and is 22 carat (31.1035 grams 24 carat). Dimensions (mm) 32.70 x 2.87.
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Prices in GBP£1,048.38 VAT free
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The 2017 American Eagle 1oz Gold Coin is Value Added Tax (VAT) free
$20 St. Gaudens Double Eagle Gold Coin
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$20 St. Gaudens from America. 33.4grams of 90% pure gold.
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The $20 St. Gaudens Double Eagle Gold Coin is Value Added Tax (VAT) free