$10 eagle gold coin

US Gold Eagle Coins

The United States Gold $10 Eagle Coins, often referred to simply as “eagles,” are more than just coins; they are historical artifacts that hold a rich and enduring legacy spanning over two centuries. The story of these coins begins in 1795, during the formative years of the fledgling United States of America. At that time, the nation was in dire need of a dependable and consistent currency to facilitate commerce, trade, and financial stability. The solution came in the form of the $10 Eagle Coins.

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As the 19th century progressed and the nation expanded westward, a pivotal moment in the history of the $10 Eagle Coins unfolded. The discovery of gold in California prompted a significant increase in the production of these coins. They became an integral part of everyday transactions and played a vital role in the American economy of the time. However, their story took an unexpected turn in 1933 with the issuance of Executive Order 6102 by President Franklin D. Roosevelt.

This executive order marked a pivotal moment in the history of gold coinage in the United States. It was a response to the economic challenges of the Great Depression and aimed at stabilizing the nation’s finances. The order effectively prohibited the hoarding of gold and mandated the surrender of all gold coins, including the $10 Eagle Coins, to the Federal Reserve. Consequently, the minting of these coins came to a halt, and many of the existing $10 Eagle Coins met a fateful end when they were melted down.