We are excited to release the sixteenth coin in the CollecTons Keepers program, an exclusive series only offered by CollecTons. The sixteenth coin we present, CollecTons Keepers #16 in Series, features the rare 1986 Uncirculated American Gold Eagle $5 Coin.
Why is the 1986 Uncirculated American Gold Eagle Five Dollar a Coin Worth Keeping?
The American Gold Eagle is the official gold bullion of the United States and 1986 marks the inaugural year of the coin series. This 1/10 ounce gold eagle is therefore known as a key date coin and one that every serious collector should obtain for their collection.
In 1980, President Jimmy Carter set up "The Gold Commission" to study the possibility of returning the U.S. to a gold standard to back the U.S. dollar. The members of the commission were appointed by President Ronald Reagan in 1982 and included Congressman Ron Paul. Though the commission found that returning to a gold standard was not feasible, they did recommend that the U.S. Mint start producing American Eagle gold bullion. The Gold Bullion Act of 1985 was passed by Congress and signed into law by Reagan. It specifies that the American Eagles be imprinted with their gold content and their legal tender face value. It also requires that all the gold used for these coins must be newly acquired from mines in the United States. The Eagle quickly became one of the most popular gold coins in the world.
The design for the obverse of the coin was taken from Augustus Saint-Gauden's design used on the twenty dollar gold pieces from 1907-1933. It features the full length figure of Lady Liberty with flowing hair, holding a torch in her right hand and an olive branch in her left, with the Capitol building in the background. The reverse, designed by Miley Busiek, features a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings
Today, the 1986 Uncirculated American Gold Eagle $5 Coin is highly sought after. It is the first of its series and represents the start of the American Eagle Gold Bullion program.
Mints: Philadelphia and West Point produced these coins (without a mintmark).
Designers: Augustus Saint-Gaudens (obverse), Miley Busiek (reverse)
Composition: 91.67% gold, 3% silver, 5.33% copper
Weight: 3.393 grams (1/10 oz pure gold)
Face Value: 5 Dollars
Authorizing Law: Gold Bullion Coin Act of 1985
What makes the Collectons Keepers program special?
Here at CollecTons, we work hard researching coins that should be part of every collection. Our goal is to utilize our knowledge in the numismatic industry to select coins worthy of being in everyone's collection! Therefore, the CollecTons Keepers program will only feature those Coins Worth Keeping.
Each coin is hand selected and given to ANACS (America's Oldest Grading Service) for grading and authentication. The coins are then sealed in an ANACS certified proprietary slab holder for long-term storage, with our limited edition label marking it a CollecTons Keeper.