Pre-1933 US Gold Coins

The History of Pre-1933 US Gold Coins

Pre-1933 Gold coins are amongst some of the rarest and most sought-after gold bullion types available on the precious metals market. These U.S. Gold Coins have been struck in 90% gold purity by the U.S. Mint since before 1933 but their history dates back to the 18th century. The Coinage Act adopted in 1794 was the first legislation that sanctioned the production of the U.S. coins, specifically by establishing that they can be minted only by the U.S. 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 the first Quarter Eagle, Half Eagle, and Eagle into 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 gold content of the coins was priced in line with the coin’s intrinsic worth. Moreover, during the 1840s-1850s period, the U.S. Mint was provided with a heavy surplus of gold from western U.S. mints thanks to the American Gold Rush, and the coins have continued to be minted in large quantities up until the early 20th century. However, when the Great Depression hit the U.S. economy, President Franklin D. Roosevelt decreed that owning physical gold would be illegal for U.S. citizens and ordered all US Gold Coins minted until 1933 to be returned to the U.S. Treasury to be melted down into gold bars.

Despite most of the gold coins having been melted down all those years ago, you can still find Pre-1933 U.S. Gold Coins on the precious markets now. Pre-1933 Gold Coins serve as both investments in physical bullion as well as collectibles and are available in raw and graded forms as well as in a variety of weight, design, and grade options. Pre-1933 Gold Coins on sale usually have higher premiums than other U.S. Gold Coins due to their scarcity and physical conditions.

Pre-1933 US Gold Coins Sizes and Designs

There are various Pre-1933 U.S. Gold coins available on the bullion markets, their sizes and designs make each coin very distinct and unique. However, they still have certain common attributes, like their pre-established face value denominations of $20 (commonly referred as the Pre-1933 Double Eagle or the Pre-1933 Gold Double Eagle.), $10, $5, and $2.5 along with some that come in $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 showcases the rich cultural history and heritage 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 along with the Capitol Building being visible behind her. The same design served as an inspiration for the current 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 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 in 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 U.S. Gold Coinage, pick your rare gold coin right now!

Bullion Exchanges is proud to offer these rare gold coins at some of the most competitive prices on the bullion and collectors markets. We provide an easy buying experience for you and understand that your satisfaction is our main priority.

If you have questions about the beloved American Eagle Gold Coin, please feel free to contact us at 800.852.6884. You can also reach our friendly and helpful Bullion Exchanges customer service associates online through the use of our live chat feature, or by email at info@bullionexchanges.com.

 

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