The American Gold Eagle is the one of two official US Mint gold bullion coins (along with the Gold Buffalo Coins). These official gold coins, like their silver counterpart, date back to 1986. Composed of 1 troy ounce of gold weight overall, comprised in hardened 22 karat gold form, Gold American Eagle Coins include both silver and copper to provide the guaranteed soft gold metal content with some rigidity. That provides the gold coin with great wear-resistance against blemishes and cuts that are possible on more pure .999 fine gold coins.
See how the US Mint strikes and produces Gold Eagle Coin Mint Cases
Available in various size designations (1/10 oz, 1/4 oz, 1/2 oz, and 1 oz), each 22k gold coin is guaranteed by the United States government enforced by the US Secret Service. Every official Gold American Eagle Coin carries a respective legal tender face value although they are actively traded based on their overall gold content. Shop online anytime or call our trade desk at 1-800-294-8732. American Gold Eagle Coins are also Gold IRA eligible and a great addition to any investment.
Buy American Gold Eagle Coins
The American Gold Eagle is one of the most recognizable gold coins in the world today. First produced in 1986, this coin features an image of Lady Liberty holding an olive branch and a torch in a classic design by Augustus Saint-Gaudens. Tucked into a corner of the design is the Capitol Building on the obverse. The name of the coin, however, comes from the design by Miley Busiek on the reverse side, which features a male eagle guarding his family.
The reverse side of the coin also features the face value and weight of the coin. A 1 ounce American Gold Eagle, for example, will have a face value of $50 and state that it is 1 ounce of fine gold. First produced because of the Gold Coin Bullion Act of 1985, collectors and investors may also order coins in 1/10, 1/4, or 1/2 ounce sizes.
Two forms of the American Gold Eagle are available. The most common form is the brilliant-uncirculated [BU] striking, but proof forms of the coin are also available. Collectors and investors should assume these gold coins are BU unless the listing states that they are proof coins or circulated (back dated) coins.
Official American Gold Coins: Gold American Eagle Coins
The American Gold Eagle Coin is considered to be the official gold bullion coin of the United States. They are actively struck and released by the US Mint using 400 oz gold bar stock held within the US Mint's West Point Mint branch. Below is a behind scenes footage of some of the gold held by the US Mint for striking American Gold Eagle Coins.
What Is the Millesimal Fineness of the American Gold Eagle?
Millesimal fineness is a system which is used to denote the purity of the gold [or other precious metals] that can be found in the composition of coins, bars, and other precious metals products. It is a parts-per-thousand measurement, so a purity of .999 would be considered 99.9% pure. When speaking about gold, this may also be referred to as 24 karats.
By law, the fineness of the American Gold Eagle is .9167. This means it is composed of 91.67% gold that comes from the United States. These coins are also made from 5.33% copper and 3% silver to add durability to the coin. This makes the coin officially 22 karats, or what according to standards is referred to as “crown gold.”
Each American Gold Eagle is authorized by the US Congress, with the weight and content of each gold coin backed by the US Mint. This is why they are highly collectible. Their quality is guaranteed. Each coin on the reverse also states “In God We Trust” and “E Pluribus Unum” with the iconic eagle design.
Why Are the Weights Important for Gold American Eagles?
There have been many forms of currency issued by the United States Government over its 200+ years of history. Before 1933, the US Mint produced gold coins that held a denomination of $10. These coins were referred to as “eagles,” which is where the Gold American Eagle drew its initial inspiration when first released in 1986. For collectors or investors, however, simply referring to this new gold bullion coin as an eagle would be confusing because one could be talking about the new coins or the previously issued legal tender.
This is why Gold American Eagles are generally referred to with their weight before their name. This is especially necessary when purchasing a 1/4 ounce Gold American Eagle today as it has been given a face value of $10 like its pre-1933 predecessor.
Unlike other coins issued by the US Mint, both the brilliant-uncirculated and proof versions of the American Gold Eagle may carry the mint's mark beneath the date it was issued. From 1986-1991, the coins were actually dated with Roman numerals, which is another unique distinction from other coins produced by the US Mint.
Each size of coin has an identical design with the exception of the weight and face value of the coin itself. The average production year sees about 1 million coins produced, giving these gold coins some scarcity in addition to the value of the gold they contain. This scarcity may add value to some of the gold coins in this category.
The American Gold Eagle rose quickly to become one of the world's leading gold bullion coins and it continues to have this reputation to this day. Whether you're looking to establish an investment or you want to expand upon your current collection, the guaranteed quality of these gold coins makes them an attractive addition to any investment portfolio. Let us know what your preferred coins in this category happen to be and we'll help you add the great American Gold Eagle to your collection today.
The Doc's take on US Mint American Eagle Gold Coins
Looking to invest in the gold market? Looking for develop an interest in precious metal investing for generations to come? This is a great option not only as an personal investing option but to gift lasting wealth to those around you. The beautiful American Gold Eagle coin is without a doubt one of the most recognizable world government minted coins. Demand for this coin has risen consistently over time since its release and value retention is extremely high. You can't go wrong with adding this to your gold bullion stack. Give us a call or place your order online today.
Buy or Sell your Gold Eagle Coins to the Most Trusted Online Precious Metal Dealer
When you are ready to sell your American Gold Eagles, SD Bullion will buy your coins at the best prices online guaranteed! Most of the time, we are able to purchase Gold Eagles at a premium over the price of gold. We make selling your coins easy and we are always actively looking to buy US Mint American Eagle gold proof sets, rolls, sealed monster boxes, or uncirculated or circulated bullion grade condition individual coins. Our experienced sales team will guide you in how to sell your Gold Eagle Coins to us based on current market value.