- Target:
- Richard A. Peterson, Deputy Director US Mint; and other concerned government/numismatic officials
- Region:
- United States of America
The US Mint is in a position to make its bullion coins more affordable which would make the benefits of investing in precious metals more accessible. Other countries such as Canada with their Maple Leaf bullion program have successfully made their bullion coins more affordable and have thus made investing in precious metals more accessible.
One of the ways that it could be done is through the Secretary of the Treasury's "broad authority" to mint and issue gold coins.
We the undersigned call on the US Mint to take advantage of the Secretary of the Treasury's "broad authority" to mint and issue gold coins to introduce a 1/20th ounce American Gold Eagle bullion coin. The 1/20th ounce American Gold Eagle would be in addition to the 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz American Gold Eagles currently produced.
A 1/20th ounce gold bullion coin would make investing in gold more accessible and more affordable. Other mints such as the Royal Canadian Mint have introduced 1/20th ounce gold bullion coins which have been successful. Like the Royal Canadian Mint's 1/20th ounce gold bullion coin, the 1/20th ounce American Gold Eagle would have a face value of 1 dollar. There would not be a numismatic version of this coin. This coin would only be issued as a bullion coin.
It is recommended that the US Mint enact these changes to the gold coin lineup in 2016 to coincide with the 30th anniversary of the American Gold Eagle program.
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The US Mint needs to make a 1/20th oz. Gold American Eagle petition to Richard A. Peterson, Deputy Director US Mint; and other concerned government/numismatic officials was written by Vocal Coin Collectors and is in the category National Affairs at GoPetition.