The Gold American Eagle was authorized under the Gold Bullion Coin Act of 1985, and is guaranteed by the US government to contain the specified amount of actual gold, in troy ounces. The gold in the coins must come from sources within the US. They are alloyed with copper and silver to create a more wear-resistant coin. The mintage count for the 2007 1/2 oz Gold American Eagle coins was 47,002, the lowest mintage number for the 1/2 oz coins in over 10 years. However, 2007 did see the greatest increase in the price of gold over that same 10 year period. Presently, a 2007 1/2 oz Gold American Eagle coin is available for purchase from Silver.com.
Coin Highlights:
- Received in a protective plastic flip!
- Part of the 22nd year of the Gold American Eagle coin series!
- Contains One Half Troy ounce of actual gold weight.
- The gold fraction is .9167, or 22 karats.
- Bears a face value of $25 (USD) totally backed by the federal government.
- The obverse features Lady Liberty.
- The reverse features a family of eagles.
The obverse of the 2007 Gold American Eagle features the full-length figure of Lady Liberty, as created by Augustus Saint-Gaudens. Lady Liberty appears to be walking right off the coin. Her hair is flowing in the wind, as she carries a torch in her outstretched right arm and an olive branch in her left hand. There is a small depiction of the Capitol building to the left of her right foot.
The reverse of the 2007 Gold American Eagle features a design that embodies the importance of unity and family in America. This design was created by Miley Busiek and sculpted by Sherl J. Winter. A male eagle, carrying an olive branch in its claws, is flying towards a nest with a female eagle and a couple of eaglets. It includes several inscriptions as well.
During the 2000’s, each year saw the price of gold increase. Some years, like 2001, the increase in the price of gold was a small amount, up only 1.41% for the year. Then there were other years, like 2002, 2003, 2006, 2009, and 2010, where there were significant increases in the price of gold, up over 22% each of those years. And then there was 2007, which experienced the largest increase in the price of gold of the decade, up an astonishing 31.59% over 2006! You have to go back to 1979 to find an increase greater than that.
Back in the early 1900’s, President Theodore Roosevelt felt that US coinage had become artistically unseemly. Thus in 1904, he requested that Augustus Saint-Gaudens be retained to create a new design that would return the US coins to a condition of beauty. Saint-Gaudens had studied sculpture at a world-renowned fine-arts school in Paris, having been one of the first Americans to do so. Saint-Gaudens accepted the President’s invitation, and it is a version of his Liberty design that now adorns the Gold American Eagle coin.
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