The beauty and power of America, captured in the graceful Striding Liberty is the basis for the American Gold Eagle coin. In 1985 Congress enacted the Gold Bullion Act and in the U.S. Mint started producing it in 1986. After that, the American Eagle Bullion coin became one of the most popular gold coins among investors in the United States. This is because the Gold Bullion Act enacted, stipulated that the gold used to produce this specific coin came from newly mined sources found within the United States. The American Eagle coin has the obverse depicting lady liberty striding from the coin and this was the work of Augustus St. Gaudens, who was famous for the design he produced for the Double Eagle commissioned by President Theodore Roosevelt in the early 20th Century. The 1 oz Gold American Eagle has a legal tender face value of $50. The quality and purity are guaranteed by the U.S. government, and by law, only gold mined in The United States is used in the minting of American Gold Eagles. The American Gold Eagle comes in four sizes: 1 oz., ½ oz., ¼ oz. and 1/10 oz. It is to be noted that the 1986 to 1991 mintages boast of Roman numeral dates, while Western numeral dates got used on successive mintages. The Gold Eagle coin, because of its high quality, can be placed in a Precious Metals IRA.