1 oz American Gold Eagle Coin Overview
American Gold Eagles are some of the most popular gold bullion coins in the world. American Eagles from the US Mint are part of a series that includes silver and platinum coins as well. When introduced by the United States Mint in 1986, The American Gold Eagles became the official gold bullion coins of the United States.
On the obverse side of American Gold Eagle coins is the image of Lady Liberty. It was originally created in 1907 for use on the $20 Gold Double Eagle Coin, by Augustus Saint-Gaudens, as President Theodore Roosevelt favored Saint-Gaudens as the artist to design American gold coins. The reverse side of all American Gold Eagles features a depiction of a bald eagle that is unique to bullion coins.
Miley Busiek’s design depicts the theme of both protection and nurturing. Protection by the male bald eagle as he watches over the family nest. Nurturing as the female cares for the nest full of chicks.
If you have questions about these coins, please contact support.
More gold coin and round delivery options:
1 Oz Canadian Gold Maple Leaf | 1 Oz South African Gold Krugerrand | 1 Oz Austrian Gold Philharmonic | 1 Oz Australian Gold Kangaroo | 1 Oz American Gold Buffalo
History of the American Gold Eagle
The American Gold Eagle has a rich history that dates back to the Gold Bullion Coin Act of 1985. This landmark legislation authorized the United States Mint to produce an official gold bullion coin, thereby making it legal tender. The first American Gold Eagle was minted and released into circulation in 1986. But this wasn't just another coin; it was a symbol of America's greatness, meticulously designed to compete with popular foreign coins like the Canadian Maple Leaf and the South African Krugerrand. The coin was an instant success, capturing the imagination of investors and collectors alike.
Unique Features of the American Gold Eagle
Purity and Composition
When it comes to purity, the American Gold Eagle takes a unique approach. Unlike most gold bullion coins, which boast a 99.9% purity, the American Gold Eagle is crafted with 91.67% pure gold. The remaining composition includes 3% silver and 5.33% copper. This unique blend not only enhances its wear-resistant durability but also adds a warm, rich color that distinguishes it from other gold coins. This makes it not just an investment but also a collector's item, cherished for its unique aesthetic qualities.
Design Elements
The design of the American Gold Eagle is a work of art in itself. The obverse features a "slenderized" Lady Liberty, striding forward against a backdrop of the sun's rays, holding a flaming torch in one hand and an olive branch in the other. This iconic design was inspired by the artwork featured on the twenty-dollar Saint-Gaudens’ Double Eagle, a coin often regarded as the most beautiful design in American coinage. The reverse side features a family of eagles, symbolizing unity and strength, qualities that resonate with the American spirit.
Why Invest in American Gold Eagles?
Stability and Value
In a world rife with financial uncertainties, market volatility, and geopolitical tensions, the American Gold Eagle stands as a beacon of stability. Its value transcends the mere weight of the gold it contains. It's a symbol of a nation's history, culture, and resilience. The coin's value often far exceeds its face value, making it not just a safe investment but also a potentially lucrative one.
IRA-Eligibility
One of the standout features that make the American Gold Eagle a versatile investment is its eligibility for inclusion in Individual Retirement Accounts (IRAs). Despite its lower purity compared to other gold bullion coins, it's one of the few that is IRA-eligible. This opens up avenues for long-term investment, offering a secure and stable option for diversifying your retirement portfolio.
Buying and Storing American Gold Eagles
Buying from Reputable Dealers
When it comes to purchasing American Gold Eagles, it's crucial to buy from reputable dealers. OwnX stands out as a highly reputable dealer in precious metals, offering a "Buyback Guarantee" to ensure your investment is secure.
Storage Options
Storing your American Gold Eagles is another critical aspect of your investment. OwnX offers top-quality storage facilities, ensuring your precious metals are kept in the best condition possible. With OwnX, you can rest easy knowing your investment is safe and secure.
OWNx makes it simple to add precious metals like 1oz American Gold Eagle Coins to your investment strategy.
FAQs
What is the American Gold Eagle Coin?
The American Gold Eagle Coin is the official gold bullion coin of the United States, first issued in 1986 by the U.S. Mint. It features Lady Liberty on the obverse and an eagle family on the reverse, symbolizing strength and tradition.
Why is the American Eagle Gold Coin so expensive?
The American Gold Eagle is considered expensive due to its high gold content, intricate craftsmanship, limited mintages, and the prestige of owning a coin backed by the U.S. government. Its value reflects not only the gold price but also collector demand and national symbolism.
What are the denominations and weights available for the American Gold Eagle Coin?
American Gold Eagle coins are available in four denominations based on gold content:
- 1/10 oz ($5)
- 1/4 oz ($10)
- 1/2 oz ($25)
- 1 oz ($50)
How much gold is in a $25 American Gold Eagle?
The $25 Gold Eagle (1/2 oz denomination) contains exactly half a troy ounce of pure gold. Like all American Gold Eagles, it also includes small amounts of copper and silver to increase durability, but the full stated amount of pure gold is still present.
What is the gold purity of the American Gold Eagle Coin?
American Gold Eagles are made of 91.67% gold (22-karat), with 3% silver and 5.33% copper added for hardness and scratch resistance. Despite the alloy, each coin contains its full stated weight in pure gold.
What's a gold troy ounce and how is it different from a regular ounce?
A troy ounce is the standard measurement for precious metals and equals approximately 31.103 grams. It is slightly heavier than a regular (avoirdupois) ounce, which is about 28.35 grams.
Are American Gold Eagles considered legal tender?
Yes, American Gold Eagles are legal tender in the United States, with face values from $5 to $50 depending on the coin’s weight. However, their actual market value is tied to the price of gold.
How are American Gold Eagles valued by investors and collectors?
These coins are highly valued for their guaranteed gold content, historical significance, and U.S. government backing. Their market value typically reflects the spot price of gold, plus a small premium for their design and trusted mint origin.
How is the American Gold Eagle different from other gold coins?
It’s the only official gold bullion coin from the U.S. Mint and features a unique alloy blend that adds durability. Its iconic design, guaranteed gold content, and legal tender status make it distinct from other bullion coins.
What’s the Gold Bullion Coin Act and how is it connected to the American Gold Eagle?
The Gold Bullion Coin Act of 1985 authorized the production of American Gold Eagles. It established the coin’s design, weight, metal content, and legal backing, paving the way for its 1986 release.
Why was the American Gold Eagle program started?
The program was created to give investors a trusted, accessible way to own physical gold. Backed by the U.S. government, it offers confidence, credibility, and a beautiful form of wealth preservation.
Why buy a 1 oz American Gold Eagle from OWNx?
Buying from OWNx ensures you receive an authenticated, high-quality coin sourced directly from reputable suppliers. OWNx guarantees purity, value retention, and peace of mind through its rigorous verification and transparent buying process.