American Gold Eagle

What is the American Gold Eagle?

The American Gold Eagle and American Silver Eagle were minted in 1986 by the United States Mint under the Gold Bullion Coin Act of 1985, and have been issued every year since. The coins are uniquely designed, featuring Lady Liberty on one side, and an eagle on the other. The eagle was recently redesigned by artist Jennie Norris. The new design features the side profile of an eagle with thick plumage and a hooked beak. From 1986 to 2021 the eagle featured was returning to its nest with an olive branch clasped in its feet, as designed by Miley Busiek, an American sculptor. The Lady Liberty design has remained consistent. It’s a version of Augustus Saint-Gaudens’ full-length Lady Liberty. On it, the lady has wildly flowing hair, and is holding two things: a torch in one hand and an olive branch in the other. In the background is the Capital Building. The original design was used in a $20 gold coin, commissioned by President Theodore Roosevelt to look like the gold coins of Ancient Greece and Rome.

What denominations does the American Gold Eagle come in?

These coins are actual legal tender, worth their weight in gold and backed by the US government. Just to understand how popular these coins are with collectors, the 1oz coin has been produced 18 million times.  American Gold Eagles come in the following denominations:

  • 1 oz
  • ½ oz
  • ¼ oz
  • 1/10 oz

Specifications of the American Gold Eagle

  • 1 oz – $50 value at 1.287 inches in diameter, containing 1 gold troy ounce and weighing 1.0909 troy ounces.
  • ½ oz – $25 value at 1.063 inches in diameter, containing 0.5000 gold troy ounces and weighing 0.5455 troy ounces.
  • ¼ oz – $10 value at 0.866 inches in diameter, containing 0.2500 gold troy ounces and weighing 0.2727 troy ounces.
  • 1/10 oz – $5 value at 0.650 inches in diameter, containing 0.1000 gold troy ounces and weighing 0.1091 troy ounces.

How many karats are American Gold Eagles?

The American Gold Eagle is made of 22-karat gold alloy, with a fineness of 91.6%. These coins are made of ‘crown gold’ which has a higher gold standard than other coins – a standard not used in any other American gold coin since 1834. As a result, the US Mint had to raise the standard to 91.6% – up from 90%. The other percentage of the coin is composed of silver and copper.

How are Gold Eagles minted?

Like other minted coins, the American Eagles are made differently than regular coins. Standard coins are coated with dye once, while proof coins are struck with at least two layers, contributing to the sharper image that these higher-end coins are known for. These coins have a mirror-like sheen, almost as though they’ve been frosted. Also contributing to their appearance is the fact that these coins are handled by one person with a great amount of care.

How is the American Eagle Proof Gold Coin sold?

Since 1986, the American Proof Gold Eagle has been issued each year, except for in 2009 when a worldwide precious metals shortage caused the mint to take a year off from printing uncirculated American Eagle coins. To maintain its pristine condition, the uncirculated proof is encapsulated in plastic. Many times when you see these coins sold online or by dealers, the coin comes in a velvet box – most often, blue velvet or a deep, red velvet. Each coin comes with a Certificate of Authenticity, furnished by the US Mint. This should come with the coin upon purchase.

Can you buy American Eagle Gold Coins?

Yes. These coins are often bought in speculation of rising gold prices or, as a general investment. They make a great collectors item, no matter the denomination. As always, when purchasing coins it’s important to work with a reputable dealer who has the correct paperwork and knowledge to understand what they’re working with.

Choose Crown Gold Exchange

Crown Gold Exchange holds the utmost respect for you and your valuables. When you visit one of our locations, we make sure that you feel welcome, and that your property is protected. We use industry-standard equipment to ensure accurate measurement of your valuables, and we have a special process to keep your valuables safe. Our accuracy enables us to offer you top dollar, and we have several different payment methods available for your convenience, so you won’t be waiting around to get paid.

Crown Gold Exchange will purchase any kind of gold you bring us, including 8-karat, 10-karat, 14-karat, 18-karat, 21-karat, 22-karat, 24-karat, or anything else. We buy gold bars, gold bullion, gold jewelry and some gold plated items like pocket watches. If you happen to be in possession of an exclusive piece made by a top gold designer such as Cartier, Tiffany, Rolex, or Patek Philippe, we will often pay more than the weight of the item. Such special pieces often command a higher price on the secondary market due to their superior craftsmanship.

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