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The first issue of gold for sale from the United States Mint since 1933 occurred in 1980, but the process started two years earlier during the late 1970s. Members of Congress pushed for a commemorative arts medal collection to be struck after it was announced the US Department of the Treasury was going to sell portions of the national stockpile of gold.
Medal Highlights:
The United States Mint had not issued gold coins or products of any kind since 1933 when President Franklin D. Roosevelt halted the production of gold coins and issued a recall to melt existing circulation gold coins down. The move was meant to stabilize the gold bullion supply of the United States during the Great Depression.
With the release of gold from the national stockpile in 1978 by the Treasury, some members of Congress pushed for a gold medal series to promote American gold in the face of the rising demand for gold and international embargos on South African Gold Krugerrands. The medals were not considered coins and had no face value, with each one featuring 1/2 Troy oz of .900 pure gold.
On the obverse face of the 1/2 oz US Mint Commemorative Arts Gold Medals features the bust of one of five different American artists. These individuals covered various genres of art in US culture. Figures depicted on the gold medals include singer Marian Anderson, author Willa Cather, architect Frank Lloyd Wright, sculptor Alexander Calder, and author John Steinbeck.
The reverse side of the US Mint Commemorative Arts Gold Medals includes different designs depending upon the artist featured on the obverse. Examples include the cupped hands holding a globe on the reverse of the Marian Anderson design in 1980 and a rural farm setting on the reverse of the John Steinbeck design in 1984.
The United States Mint issued all of the commemorative arts gold medals from the West Point Mint. Mintage figures varied from 35,000 for the John Steinbeck issue to 1 million for the Marian Anderson design.
‘’I would highly recommend making online purchases from Stout Gold & Silver. I was a little hesitant at first because it was going to be my first time purchasing from them so I gave them a call and they took extra time to walk me through the process. Turns out there was not much to it, I placed the order for check payment, mailed off my check and they sent me an update when my order was being shipped out. All the pieces of silver came exactly as described and were undamaged, they did a very good job packaging the pieces. All and all, I am very satisfied and look forward to placing my next order with them. I hope this is helpful comment for anyone interested in doing business with them.’’
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‘’ Started buying silver coins a few years ago, great service, honest prices. I always deal with a guy named Brett, he is pretty funny, super helpful, and very nice. 10/10 would buy again from them. ’’
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‘’Best Gold and Silver dealer bar none! And the safe storage is both affordable and very secure. This business also has the advantage of being owned run by Tom Stout, who i would trust with just about anything. Admittedly I'm friends with Tom as well as a customer but he really is a man of his word, if he says it, that's the way it's going to happen.’’
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‘’Ordered a 1986 Proor Libertad and was very pleased with my purchase! Great price and super fast shipping with no hassle. It even came with the original box and I thought it was just the coin. I work at a coin shop and it’s great to do business with other great coin shops. I highly recommend this shop! Thanks for the amazing coin!’’
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