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 Replies: 6 / Views: 1,342 |
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New Member
United States
49 Posts |
So I've seen a few posts about trying to do a bit of research before posting so I thought I'd preface this one: My copy of Red Book that I ordered has not yet arrived or I would look there first, and I spent an hour hunting through these forums before asking: I know there are several US coins, made of silver, released for circulation (war nickels, half dollars and dollars and maybe others). But has the US mint ever released a coin with actual gold content (not just the gold color of recent dollar coins) for circulation? And if so, when was the most recent? |
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Bedrock of the Community
United States
36800 Posts |
President Franklin D. Roosevelt wrote an executive order banning all gold coins in circulation in 1933. Prior to 1933, $1, $2 1/2, $3, $5, $10, $20 coins circulated. During the California Gold rush, there were also fractional $1 gold coins all the way up to $50 slugs issued by private mints.
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Pillar of the Community
United States
3486 Posts |
Most Recent: When your Red Book arrives you can double check: Quarter Eagle $2 1/2 (1929) Half Eagle $5 (1929) Eagle $10 (1933) Double Eagle $20 (1932) |
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New Member
 United States
49 Posts |
I didn't think the Eagles were ever intended for circulation, I thought they were "bullion" ... am I misunderstanding the meaning of the word "bullion" ? Or were they intended for circulation back then, just not now?
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Valued Member
291 Posts |
Prior to the release of the American Gold Eagle (AGE) program, an Eagle was the name for a $10 gold coin
Therefore a double eagle is a $20 piece, etc.
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Bedrock of the Community
United States
12437 Posts |
The American Eagle Bullion Program did not start until 1986, those coins are 22kt(91.67% Au) and are NCLT. The "Eagle" as a gold denomination(90% Au), along with the Half Eagle and Quarter Eagle, was laid out in the Coinage Act of 1792 and circulated until 1933.
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New Member
United States
49 Posts |
Awesome explanations and clarification, thanks. (can't wait for my Red Book so I can start asking more educated questions) |
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Replies: 6 / Views: 1,342 |
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Posted 07/19/2012 10:48 am
