If you’re looking for a tried-and-true gold bullion coin that won’t let you down, it’s hard to beat the iconic 1 oz American Gold Eagle.

The United States Mint introduced the 1 oz American Gold Eagle in 1986 and it has since become one of the world’s most popular and recognizable gold bullion coins.

Strong and steady demand from investors has led to over 23 million 1 oz American Gold Eagles being minted since its inception.

American Gold Eagles are made from crown gold, which is a wear-resistant alloy consisting of 91.67% gold, 3% silver, and 5.33% copper.

The coin’s obverse side features Lady Liberty majestically holding a torch in her right hand and an olive branch in her left hand, while the reverse side of the coin features a bald eagle.

The 1 oz American Gold Eagle bullion coin is legal tender in the U.S. and has a US$50 face value.

According to IRS code, Americans are allowed to hold Gold Eagles in their IRA retirement accounts.