The financial collapse of banks and the housing market in America lead to a global financial crisis the likes of which the world hadn’t seen since the Great Depression. The result for the precious metals market was a significant jump in demand for gold and silver products, with the 2007 Gold American Eagles rebounding from consecutive low-mintage years. The 2008 1 oz Gold American Eagle Coin is now available to you online at Silver.com.
- Ships to you in a protective flip.
- 23rd issue of the Gold American Eagle 1 oz coin!
- Mintage limited to 710,000 coins only!
- Consists of One Troy ounce of actual gold content in BU condition.
- Issued a face value of $50 (USD) by the United States.
- Liberty from Augustus Saint-Gaudens on the obverse.
- Bald eagle family from Miley Busiek on the reverse.
2008 saw a jump in Gold American Eagle coin demand across all four weights in the bullion issue of the coin. The 1 oz coins jumped nearly 7 fold from 140,000 to 710,000 coins. The ½ and ¼ oz coins experienced moderate increases as well, while the 1/10 oz coin nearly doubled in mintage from 2007.
Gold prices were changing drastically throughout 2008. The price ranged from a low of $712.50 to a then-all-time high of $1,011.25 per ounce, hitting that high in March before sharp declines brought gold back down. On the whole, it recovered for a slight gain on the year to close at $880.25 per ounce.
On the obverse of the 2008 1 oz Gold American Eagle is the depiction of Lady Liberty that Augustus Saint-Gaudens created in 1907. Featured on the $20 Gold Double Eagle until 1933, this design depicts Liberty as she strides forward from the nation’s capital with her torch held aloft as a guiding light for the nation.
The reverse of all Gold American Eagle coins includes the image of a bald eagle family. This image was created specifically for the Gold Eagle series in 1986 by Miley Busiek, an accomplished artist and sculptor. Her design features a male bald eagle in flight over the family nest, where a group of hatchlings is closely guarded by a female.
Each 2008 1 oz Gold American Eagle Coin is available to you today in BU condition. Coins in this condition show no signs of wear and tear. Minor flaws as a result of the striking process are possible, and include breaks in the luster, spotted surfaces, and contact marks from the coining process.
We encourage Silver.com customers to contact us with questions. You can reach our team members at 888-989-7223, chat with us live online, or send us an email.