This marked the second year for the release of the Gold American Eagle coins. Even though the 1987 Gold Eagles were available for the entire year, their mintage numbers dropped off significantly from 1986 totals. The 1987 1/2 oz Gold Eagle had the smallest mintage numbers of the 4 weights at 131,255. The Gold Bullion Act of 1985 authorized the minting of these coins, with the US government guaranteeing that they contain the stated amount of actual gold weight in troy ounces. The Gold Eagles are the official gold bullion coin of the US and are available in 4 different weights – 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. Silver.com currently has the 1987 1/2 oz Gold American Eagle coin available for purchase.
- Ships in a protective plastic flip!
- From the 2nd year of the Gold American Eagle coin series!
- Contains One Half Troy ounce of actual gold content.
- The obverse features Lady Liberty.
- The reverse features a family of eagles.
- Has a face value of $25 (USD) fully backed by the government of the US.
In 1904, President Theodore Roosevelt selected Irish-born Augustus Saint-Gaudens to redesign the nation’s coinage. Saint-Gaudens’ initial design was on an ultra high-relief $20 gold piece but this required too many strikes. The US Mint ultimately modified the design to a normal-relief version, which then appeared on the Double Eagle ($20) coin, minted from 1907 to 1933. It is Saint-Gaudens Lady Liberty design from this coin that is the basis for the obverse design on today’s Gold American Eagle coins.
The Gold American Eagle obverse features Augustus Saint-Gaudens’ full-length figure of Lady Liberty walking directly at you. Her hair is flowing in the breeze. She is carrying a torch in her outstretched right hand and an olive branch in her left hand. In the lower portion of the coin, to the left of Lady Liberty’s right foot is a depiction of the Capitol building. This is a version of the Double Eagle Lady Liberty from the early 1900’s.
The Gold American Eagle reverse features the design created by Miley Busiek and sculpted by Sherl J. Winter that represents the importance of family in America. It is a male eagle flying towards his family nest, carrying an olive branch in his claws. Waiting in the family nest is a female eagle, protecting a pair of eaglets. It includes several inscriptions as well.
In 1987, the price of gold started at $403.50 per ounce. After steadily rising throughout the year, it reached a high of $499.75 per ounce in December. The price of gold finished the year at $484.10 per ounce. This was an increase of just over 22% from 1986.
Do you have questions? The Silver.com Customer Service team is available to assist you. We can be reached via phone at 888-989-7223, via our online live chat, or via our email address.