When was gold $50 an oz?

Although gold predominates, the currency is much more resistant to wear and tear than coins with a gold purity of at least 99.9 percent. The government guarantees that each coin includes the amount of gold that actually weighs, in Trojan ounces, on the reverse side of the coin. The Gold American Eagle was authorized by the Gold Bullion Coin Act of 1985 and is now one of the most popular gold bullion coins in the world. Instead, the design on the reverse of the Gold American Eagle type 1 comes from the monumental sculptor Miley Tucker-Frost.

The current Gold Price Per Gram is an important factor to consider when investing in gold bullion coins.