United state gold coins are popular among the individuals and investors since 1933. The first U.S. gold coins issued by the United States Mint were in 1795, since that time U.S. gold coins have been prized by collectors and treasured as a store of value. The last legal tender gold coins were minted in 1933, during the height of the Great Depression, President Roosevelt made holding gold illegal for U.S. citizens, and ordered all gold coins removed from circulation and returned to the U.S. Treasury. Millions of gold coins were melted into gold bars. This law was later abolished in 1971 by President Nixon.