Throughout the history of the United States, there have been many splendid gold coins that have been minted and circulated until gold coins were discontinued in 1933. In 1986, the United States decided to once again start minting Gold coins. They started with perhaps the most popular modern gold coin: the American Gold Eagle. The American Gold Eagle comes in denominations of $5, $10, $25, $50. The obverse has a glorious Augustus Saint-Gaudens rendition of lady liberty clutching an olive branch in her left hand and a torch in her right, with the capitol building in the left background.
One of the lesser-known US mints is the Carson City mint, located in Carson City, Nevada. It remains one of the lesser-known mints for the simple reason that it was not in operation for a very large number of years, about 19 overall. The mint was established in 1863 to facilitate the mintage of silver coins, and silver bars from the nearby Comstock Lode, the first major discovery of silver ore in the United States. Despite being created in 1863, the mint didn’t actually open its doors for operations for about seven years, in 1870.
Indian Head Quarter Eagles are some of the most innovative coins made to date. Described as both innovative and daring, the Indian Head Quarter Eagle was minted from 1908 through 1929. These coins were issued annually from 1908 through 1915. At that point, the mint suspended their production for a decade. When minting resumed in 1925, the coins were struck for five more years before the series eventually ended in 1929. These coins were commonly used as currency until President Franklin Delano Roosevelt requires Americans to turn in their gold coins to be melted down in an effort to combat the Great Depression.
The $20 Gold Liberty coin, also referred to as the double eagle coin, was minted during the California Gold Rush. Mines had an abundance of gold and affected the United States currency. The Philadelphia Mint was the first to receive gold from Colonial R.B. Mason, the governor. 230 ounces of gold was minted into quarter eagles. However, the mint soon realized that there was an overabundance of gold. Half eagles and eagles were then minted. James Iver McKay, governor of North Carolina, authorized a small coin as the gold dollar. He was later persuaded to mint a larger coin, the $20 Gold Liberty, which was approved by Congress in 1849.
Do you think that the stock market will take a fall in the next five to ten years? Do you think that the strength of the dollar is going to decline in the next five to ten years? If you answered yes to either of those questions then it is time to invest in gold. And now is the best time to invest in gold, and make no mistake, gold is an investment. It is also an insurance policy. As the ever more volatile stock market tumbles, gold rises.