The American Eagle Gold bullion coins have a standard finish, and from the beginning of the program, have been offered in 4 different sizes – 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. These coins were intended to be a method for investors to easily and affordably purchase precious metals investment coins. The gold for these coins is required to be mined from deposits in the US. The mintage numbers of the 1987 American Eagle Gold coins dropped off significantly from the 1986 totals. The 1/2 oz American Eagle Gold coins had the smallest mintage numbers of the 4 weights in 1987, at 131,255. Currently, Provident Metals has the 1987 American Eagle 1/2 oz Gold coin available for purchase.
The price of gold started at $403.50 per ounce in 1987. Throughout the year, the price steadily increased, reaching a high of $499.75 per ounce in December. From this high, the price of gold backpedaled a bit, finishing the year at $484.10 per ounce. This amounted to an increase of just over 22% from 1986.
The obverse on the American Eagle Gold coin was created by Augustus Saint-Gaudens in the early 1900s. It features his full-length figure design of Lady Liberty. She is carrying a torch in her outstretched right hand and an olive branch in her left hand. Her hair is flowing in the breeze. She seems to be walking right off the face of the coin. To the left of her right foot is a small depiction of the Capitol building. Inscriptions on the obverse are LIBERTY and MCMLXXXVII. In the beginning years of the American Eagle Gold coins, the year was stated using Roman Numerals.
The reverse of the American Eagle Gold coin was created by Miley Busiek and sculpted by Sherl J. Winter. Their design is said to illustrate the unity and family traditions of America. It features a family of eagles. A male eagle is flying towards the family nest, carrying an olive branch in its claws. A female eagle is guarding a couple of eaglets, as they wait in the nest. Inscriptions on the reverse are UNITED STATES OF AMERICA, E PLURIBUS UNUM, IN GOD WE TRUST, 1/2 OZ. FINE GOLD, and 25 DOLLARS.
Without asking Congress, in 1904, President Theodore Roosevelt called for a redesign of the nations coinage, as he felt the artistic appeal of US coins had fallen behind those of other countries. He chose the very skilled Irish-born Augustus Saint-Gaudens to create the new design. Saint-Gaudens created an ultra high-relief $20 gold piece of which only about 20 were minted in 1907. The obverse of this gold piece was the full length figure of Lady Liberty. After being modified to a normal-relief version, his Lady Liberty then appeared on the Double Eagle ($20) gold coin that was minted from 1907 to 1933. The Saint-Gaudens Lady Liberty design was then chosen to be the obverse of the American Eagle Gold bullion coin series that began in 1986.
If you have questions, please contact our Provident Metals Customer Service team we are ready to answer your questions. We can be reached via phone at 800-313-3315, online via our live chat, or via our email address.
When the subtotal of your purchase, including applicable discounts, is $199 or more, you receive free shipping for your entire order. In order to receive free shipping on purchases of $199 or more, you must live within the 50 US states. For orders less than $199, a $9.95 shipping fee applies. All products are discreetly packaged and shipped with full insurance included.
Most Provident orders are shipped within one (1) business day of your payment clearing. Payments made via PayPal clear instantly. Bitcoin payments clear instantly once the transaction is confirmed. Credit Card and bank wire payments process within 1 business day. ACH and paper check payments take 3-5 business days. Once payments are processed, products are released to fulfillment for packaging and shipping.
All orders of $199 or more that are eligible for free shipping are, by default, shipped via a carrier of our choice (USPS or UPS). Depending on the contents and size of your purchase, you may be able to upgrade to a specific carrier during checkout.
For those orders of $999.99 or less, there is no need to sign for your package. However, you may select the option to require a signature at delivery if you want. This can be chosen and paid for at checkout. All orders of $1000 or more require a signature to complete delivery.
Provident is only able to ship to addresses in any of the 50 US states. This includes P.O. boxes and APO addresses.
|Mint Mark||Not Shown|
|Designer (Obverse)||Augustus Saint Gaudens|
|Designer (Reverse)||Miley Busiek|
|Product Series||American Eagle|
|Certificate of Authenticity||No|
|Capsule Size||27 mm|
|Metal Content||.5 Troy Ounce|
|Shipping||Orders over $199 Ship Free|