Comparing the American Gold Eagle vs American Gold Buffalo

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The American Gold Eagle and the American Gold Buffalo are the two gold bullion coins produced by the U.S. Mint. While both coins are esteemed for their purity and craftsmanship, they have distinct features that appeal to different types of investors and collectors.

What was Roosevelt’s Executive Order 6102?

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Just one day after taking office, by referencing an old World War I statute called the “Trading With The Enemy Act” of 1917, Roosevelt essential declared war on ordinary American citizens when he declared a four day bank holiday and closed all banks including the Federal Reserve.

A few days later, the Emergency Banking Act was signed into law which gave Roosevelt an unprecedented amount of power and control over the economy.

Understanding Silver Eagle Premiums

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The US Mint is one of the oldest continually operating minting operations in the world and all other mints use variants of the Mint’s processes. The Mint remains one of the world’s largest producer of coins today. Issues related to the production of bullion coins have led to huge increases in Silver Eagle premiums in recent years.

Many investors are looking to buy sovereign bullion coins from other mints. While many are still buying 1 oz silver eagles, some are concerned that the Mint suppliers are also making huge profits from the record high premiums caused by the shortages.

Is Owning Precious Metals Legal?

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On April 5, 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed the private ownership of gold by citizens.

For a duration lasting 41 years in the mid-20th century, the government made it a crime for the people to own, hold or transact in sound money.

Following the resignation of Nixon, one of the first laws signed by President Ford included a bill which reversed Roosevelt’s Executive Orders.

It has been legal for anyone to own, hoard, buy and sell gold in the United States since December 1, 1974.