Pre-1933 US Gold Coins

The History of Pre-1933 US Gold Coins

Pre-1933 Gold coins are one of the rarest and sought-after gold bullion types available on the precious metals market. Pre 1933 US Gold Coins have been struck in 90% gold purity by the US Mint since before 1933, but their history starts back in the 18th century. The Coinage Act adopted in 1794 was the first legislation that sanctioned the production of the US coins, specifically by establishing that they can be minted only by the US Mint, having specified designs and face values.During the beginning of the 19th century, the mint was particularly focused on silver coin production, in the 1830s and 1840s it introduced its first Quarter Eagle, Half Eagle and Eagle in circulation. Since the act established a single face value for each coin type, American Eagles carried a face value of $10, Half Eagles of $5 and Quarter Eagles of $2.5. During those times, the coins’ gold content was about in line with the coin’s intrinsic worth. Moreover, during the 1840s-1850s period the US Mint was provided with a heavy surplus of gold from western US mints, the coins have continued to be minted in large quantities up until the early 20th century. But when the Great Depression hit the US economy, President Franklin Roosevelt decreed that owning physical gold is illegal for US citizens and starting with 1933 all US Gold Coins should have been returned to the US Treasury to be melted into gold bars. Despite that, you can still find Pre 1933 US Gold Coins on the precious markets now. Today, these Pre-1933 Gold Coins serve both as investments in physical coins as well as collectibles and are available in raw and graded forms in many weight, design, and grade options. The Pre-1933 Gold Coins for sale usually have higher premiums than other US Gold Coins due to their scarcity and by with their condition.

Pre-1933 US Gold Coins Sizes and Designs

There are various Pre-1933 US Gold coins available on the precious metals market, and their sizes and designs are very different from each other. However, they still have certain similarities, like their pre-established face value of primary denominations of $20 (commonly referred as the 1933 Double Eagle or the 1933 Gold Double Eagle.), $10, $5, and $2.5 and other ones like the $3 and $1 face values. The actual gold content in these gold coins ranges from .1209 to .9675 oz. of gold, alloyed with copper to improve its durability. The three most popular designs of Pre-1933 gold coins are the Indian Head, Saint Gaudens, and Liberty Head designs.

Indian Head Gold Eagle Coins

The Indian Head Gold Coin represents an image of a Native American Chief on its obverse side that celebrates the rich cultural history of the country. The main difference between the Indian Head Gold Coin and other Gold coins is that their design is incused, which means that this design is not raising from the coins’ face, but is pressed into the coin.

Saint Gaudens Gold Eagle Coins

The Saint Gaudens Gold Coin depicts on its obverse side the image of the walking Lady Liberty with an olive branch in one hand and a torch in the other one, with the Capitol Building being visible behind her. The same design served as an inspiration for the American Gold Eagle coin.

Liberty Head Gold Eagle Coins

The Liberty Head Gold Eagle Coin features on its obverse side the depiction of Lady Liberty facing leftward and adorned with a coronet atop of her head. This coin is mainly available in two size options, like the $2.5 Liberty Quarter Gold Eagle and the $5 Liberty Half Gold Eagle and, according to its size, can have the inscription “Liberty” on the coronet.

Start your Pre 1933 Gold Coin collection today by browsing our impressive collection of Pre-1933 Gold Coins and choosing your favorite piece. Since these coins have not been produced for over 80 years, their availability is limited, and once they’re sold out, you will probably not be able to find them again. So if you want to own this extremely rare piece of the US Gold Coinage, pick your rare gold coin right now!

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