Gold bullion maintains its value consistently and is used as an alternative currency for investors due to its value predictability and acceptance around the world. Gold bullion can come in the form of gold bars, gold ingots, gold rounds and gold coins. Many countries have official gold bullion coins that are regulated and backed by the government in terms of gold purity and composition and many people buy gold in this form.
The American Gold Eagle was authorized by the Gold Bullion Coin Act of 1985, signed by then President Ronald Reagan. These coins are commonly offered in 1 oz to as little as 1/10th oz gold, with the materials having to come from domestic sources and also alloyed with the precious metals of copper and silver.
The obverse was designed by Augustus Saint-Gaudens and features Lady Liberty with torch and olive branch walking away from the Capitol building. The original design was used in the $20 Saint-Guadens double eagle from 1907 with the current design differing with the addition of 2 stars to complete the 50 current States of America.
The reverse features a bald eagle carrying an olive branch to its nest and was designed by Miley Buseik. Next to the bald eagle family depiction are the words “IN GOD WE TRUST” and “E PLURIBUS UNUM”, translated as “Of many, one”. The words “UNITED STATES OF AMERICA” and “1 OZ. FINE GOLD~50 DOLLARS” are around the coin and round out the reverse.