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Investors who want to buy American and support American have a choice between the gold Eagles and gold Buffalos, which are also produced by the U.S. Mint. The design of the Eagles was updated only once. Two designs were minted in 2021. The old design, dubbed the Type 1, made its final appearance and featured an eagle flying over its nest. The new design, known as the Type 2, debuted in 2021 and showcases a closeup of the American bald eagle. From 2022 onwards, there are no "Type 1" or "Type 2" coins.
The American Gold Eagle was first produced by the U.S. Mint in 1986, one year after the gold Krugerrand was banned from import in the U.S. in response to South Africa's apartheid policies. Prior to its ban, the Krugerrand was the most popular gold coin in the US, and in 1984 some $600 million worth of the coin was marketed in the States. It is no surprise then that the Gold Eagle, created in response to demand that suddenly needed to be met, mimicked the purity, dimensions, and available sizes of the Krugerrand. When comparing a Gold Eagle to a coin that’s 24k or .999 fine, the color of the Gold Eagle is slightly different, with a rosy tint that’s become part of the DNA of the American Gold Eagle.