2007 1/2 oz American Gold Eagle Coin

Description

2007 1/2 oz American Gold Eagle Coin

The American Gold Eagle was authorized under the Gold Bullion Coin Act of 1985. By law, it is required to use gold mined in the US, and alloyed with copper and silver to create a more wear-resistant coin. The gold fraction in these coins is .9167, or 22 karats. The mintage count for the 2007 1/2 oz American Gold Eagle coins was 47,002, the lowest mintage number for these specific coins in over 10 years. However, 2007 saw the greatest increase in the price of gold over that same 10 year period. Currently, a 2007 1/2 oz American Gold Eagle coin available for purchase.

Coin Highlights:

• Ships in a protective plastic flip!
• 22^nd year of the American Gold Eagle coin series!
• Contains 1/2 Troy oz of actual gold content.
• Has a face value of $25 (USD) fully backed by the US government.
• The obverse features Lady Liberty.
• The reverse features a family of eagles.

The 2007 American Gold Eagle obverse features the Lady Liberty creation of Augustus Saint-Gaudens. The full-length figure of Lady Liberty, with her hair flowing in the wind behind her, appears to be walking right to you. Her outstretched right hand is carrying a torch and her left hand is holding an olive branch. To the left of her right foot is the Capitol building.

The 2007 American Gold Eagle reverse features the design created by Miley Busiek and sculpted by Sherl J. Winter. The male eagle, carrying an olive branch, is flying above a nest with a female eagle and a couple of eaglets. It is meant to symbolize the importance of family in America.

President Theodore Roosevelt thought that US coins had become boring. In 1904, he retained the talents of Augustus Saint-Gaudens to create a design that would return beauty to our US coins. Saint-Gaudens accepted the President’s invitation, and it is a version of Augustus Saint-Gaudens’ Liberty that now appears on the American Gold Eagle coin.

During the 2000’s, the price of gold trended higher. Some years, like 2001, saw small increases in the price of gold, up only 1.41% for the year. Other years, like 2002, 2003, 2006, 2009, and 2010, saw significant increases in the price of gold, up over 22% each of those years. However, 2007 saw the largest increase in the price of gold, up an astonishing 31.59% over 2006! You have to go back to 1979 to find an increase greater than that.