Things You Should Know About US Mint Gold Coins

The first gold coins were issued in the US in 1795. The US mint gold coins feature some of the most amazing designs, such as the Saint-Gaudens Eagle, Lady Liberty, the American eagle and Double Eagle denominations. Further, the history depicted by the US mint gold coins adds timeless value to them. Moreover, with the passage of time, such coins become more valuable.

The US mint gold coins were first issued in seven different mints across the country. They were issued in various sizes, ranging from the one dollar gold piece to the fifty dollar denomination. However, in 1933, President Franklin Roosevelt declared gold as an illegal asset. He also ordered the melting of all gold coins into gold bars. With the melting of millions of gold coins into bars, they became very rare and valuable. Few coins that survived being melted down are highly valued by traders and collectors, alike.

US Mint Gold Coins: The United States Mints

The United States Mint was established on April 2, 1792, by the Congress. Since then, the United State Mint produces, sells and protects the nation’s coinage and assets. Its primary aim is to produce sufficient amount of circulating coinage. The US Mint has grown tremendously and receives nearly $1billion revenue yearly.

Currently, the US Mint operates from six places across the United States, which includes Washington, DC; Philadelphia, PA; West Point, NY; Fort Knox, KY; Denver, CO; and San Francisco, CA. Its head office is situated at Washington, D.C.

US Mint Gold Coins: The American Buffalo Gold Coins
The American Buffalo series of gold coins has been long coveted by investors and traders. Here is a brief introduction to some coins in this series:

American Buffalo 24-Karat Bullion Gold Coins

Production of the American buffalo 24-karat bullion gold coins are certified by Public Law 109-145, which is popularly known as the Presidential $1 Coin Act. The designs featured on these coins are developed by the famous American sculptor, James Earle Fraser, who was a student of Augustus Saint-Gaudens.

United States Mint American Buffalo Gold Bullion Coins

The American Buffalo Gold Bullion Coin is the first to be made of 0.9999 pure 24–karat gold. These coins are sold through a network of certified purchasers. These gold coins cost $50. Further, the purity of these coins is guaranteed by the United States Government. These coins can be bought by the public from authorized dealers, brokerage houses and participating banks.

United States Mint American Buffalo Gold Proof Coins

These coins are specially produced for collectors. These coins are produced via a specialized manual minting process. These gold coins depict highly detailed images and designs. Each coin is accompanied by an official certificate of authenticity and can be bought from the United States Mint.

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