MS70 Gold Eagle
In 1985, Congress authorized the US Mint to produce the American Eagle, a 22-karat gold coin (a durable alloy of gold, silver and copper), to be mined from USA gold; the weight and gold content guaranteed by the U.S. government.
Starting in 1986, Gold Eagles have been exclusively minted at West Point, N.Y., issued in four denominations:
1/10 troy ounce gold content: $5 face value
1/4 troy ounce gold content: $10 face value
1/2 troy ounce gold content: $25 face value
1 troy ounce gold content: $50 face value
Since their inception, Eagles have retained their place as one of the world’s most popular gold bullion coins. On average, the US Mint produces nearly 600,000 of the one ounce coins each year, along with 94,000 of the ½ oz denomination, 130,000 quarters and 458,000 of the very popular $5 face, 1/10 oz gold eagles. The highest mintage for the $50 coins was in 1999 with over 1.5 million ounces produced. The rarest one ounce coin was the 2007 issue, with only 140,000 coins minted.
An MS70 Gold Eagle is a coin certified by PCGS and NGC to be perfectly struck.
PCGS (Professional Coin Grading Service), the most respected name in third-party coin certification, offers a guarantee of grading accuracy and authenticity for each coin they encapsulate. Simply put, a PCGS certified MS70 is known worldwide as the highest grade possible, a perfect coin.
Since 1987, NGC (Numismatic Guaranty Corporation) has been known as a world leader in third party coin certification, offering a guarantee of grading accuracy and authenticity for each coin they encapsulate. The coins discussed here are certified to be “Mint State 70”. NGC defines an MS70 Gold Eagle as having no post-production imperfections at 5x magnification. NGC certified MS70 coins are accepted worldwide as the highest grade possible – a perfect strike.
In terms of rarity, the PCGS price guide values a 1989 MS70 Gold Eagle at $15,000, with only 9 coins receiving a perfect grade.
The modern US Eagle was adapted from legendary sculptor and coin designer Augustus Saint-Gaudens’ Gold Double Eagle design, the classic US coin that has come to bear his name. The “Saint-Gaudens” $20 double eagle was originally commissioned by Theodore Roosevelt and first minted in 1907. The obverse of today’s adaptation features a full length Lady Liberty walking against the sun’s rays, hair flowing, a torch in her right hand and an olive branch in her left. In the background, to her right, is the US Capitol Building. To her left (our right) is the date of issue, above her head, the word LIBERTY. The obverse’s rim features 50 stars.
The reverse, designed by Miley Busiek (now Miley Tucker-Frost), depicts a male American Bald Eagle in flight carrying an olive branch to his nest, where his mate awaits with her hatchlings. Across the top is engraved UNITED STATES OF AMERICA; across the bottom rim is the gold content and nominal face value of the coin. The left side of the reverse has E PLURIBUS UNUM engraved; the right side bears the motto IN GOD WE TRUST.
Gold Eagles minted between 1986 and 1991 are dated with Roman numerals. Starting in 1992, the U.S. Mint switched to Arabic numbers.
MS70 Gold Eagle specifications :
Mint Mark: none
Denominations: $5 (1/10 oz), $10 (1/4 oz), $25 (half oz), $50 (one oz)
Manufacturer: U.S. Mint at West Point
Gold Content: one troy oz
Grading Services: PCGS and NGC
Thickness 2.87 mm
Diameter 32.7 mm
MS70 Gold Eagle availability:
Numismatists place an extra premium on coins certified by PCGS and NGC to be in a perfect mint state. The MS70 Gold Eagle is available in all four denominations, and bobwhitesilver.com is also proud to offer you certified-perfect Eagles in 4-coin sets.
For a more complete history of the Gold Eagle, please enjoy this link to the US Mint.
Why buy from us?
At bobwhite silver bobwhite gold (BSBG), I bring over $1.6 billion in business experience to the trading desk. If you require a broker who, in addition to offering great prices and quick delivery on items like perfectly struck MS70 Gold Eagles, provides you with that personal touch, offering patience, transparency and integrity, bobwhite silver is definitely a choice to consider.
If you have any questions about the MS70 Gold Eagle, or you’re ready to make a purchase, please call me at 6.GOLDLIB.33 (646.535.4233) seven days a week! No ever-changing bunch of guys in cubicles, no, “please listen as our menu options have recently changed”, no “dial 9 for a company directory”, just me, Joel (bobwhite is a bird).