The American Eagle is one of the most popular collectible coins and is available in both silver and gold variations. We discussed the gold variety in our previous blog, and today, we’ll continue our discussion with an in-depth look at the silver American Eagle. Here’s what you need to know. Continue reading “Spotlight on the Silver American Eagle”
Spotlight on the Gold American Eagle
Did you know that the Constitution and the Coinage Act of 1792 made gold and silver the only form of lawful money in the United States? But from 1933 to 1974, you faced a decade in prison if caught with gold money in your pocket (unless you were a dentist, in which case you could own 100 ounces). It seems unbelievable, doesn’t it? Yet, in 1933, the newly-elected president, Franklin Roosevelt, nationalized gold, declaring by executive order that owning gold would henceforth be illegal. You could say it was a bank robbery in reverse. Continue reading “Spotlight on the Gold American Eagle”