American Gold Eagle

American Gold Eagle

Overview


The American Gold Eagle is an official gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

 bullion coin
Bullion coin
A bullion coin is a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce. Investment coins are generally coins that have been minted after 1800, have a purity of not less than 900 thousandths and are or have been a legal tender in...

 of the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. Authorized under the Gold Bullion Coin Act of 1985
Gold Bullion Coin Act of 1985
The Gold Bullion Coin Act of 1985, Pub. L. No. 99-185, 99 Stat. 1177 , codified at through , , , and amending and , has helped the American Gold Eagle to quickly become one of the world's leaders in gold bullion coin...

, it was first released by the United States Mint
United States Mint
The United States Mint primarily produces circulating coinage for the United States to conduct its trade and commerce. The Mint was created by Congress with the Coinage Act of 1792, and placed within the Department of State...

 in 1986.

Offered in 1/10 oz
Troy ounce
The troy ounce is a unit of imperial measure. In the present day it is most commonly used to gauge the weight of precious metals. One troy ounce is nowadays defined as exactly 0.0311034768 kg = 31.1034768 g. There are approximately 32.1507466 troy oz in 1 kg...

, 1/4 oz, 1/2 oz, and 1 oz denominations, these coins are guaranteed by the U.S. government to contain the stated amount of actual gold weight
Actual gold weight
The actual gold weight of a bullion coin or bar is the amount of fine, pure, or intrinsic gold content in troy ounces. It is typically used to describe gold or silver coins....

 in troy ounce
Troy ounce
The troy ounce is a unit of imperial measure. In the present day it is most commonly used to gauge the weight of precious metals. One troy ounce is nowadays defined as exactly 0.0311034768 kg = 31.1034768 g. There are approximately 32.1507466 troy oz in 1 kg...

s. By law, the gold must come from sources in America, alloyed with silver and copper to produce a more wear-resistant coin.
Discussion
Ask a question about 'American Gold Eagle'
Start a new discussion about 'American Gold Eagle'
Answer questions from other users
Full Discussion Forum
 
Unanswered Questions
Encyclopedia
Gold Eagle (United States)
Edge Reeded
Composition 91.67% Au
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

 3% Ag
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...

 5.33% Cu
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...

Years of minting 1986–present Bullion
1986–present Proof
Proof coinage
Proof coinage means special early samples of a coin issue, historically made for checking the dies and for archival purposes, but nowadays often struck in greater numbers specially for coin collectors . Many countries now issue them....

Obverse
Design: Liberty
Lady Liberty
Lady Liberty may refer to:* Lady Liberty , La mortadella, 1972 French-Italian comedy* "Lady Liberty" , written by Al Jardine and Ron Altbach for the Beach Boys...

Designer: Augustus Saint-Gaudens
Augustus Saint-Gaudens
Augustus Saint-Gaudens was the Irish-born American sculptor of the Beaux-Arts generation who most embodied the ideals of the "American Renaissance"...

Reverse
Design Eagle
Eagle
Eagles are members of the bird family Accipitridae, and belong to several genera which are not necessarily closely related to each other. Most of the more than 60 species occur in Eurasia and Africa. Outside this area, just two species can be found in the United States and Canada, nine more in...

 soaring above his nest.
Designer Miley Busiek
Miley Tucker-Frost
Miley Tucker-Frost is a nationally recognized monumental sculptor living in the United States. She works in bronze, steel, cast stone, and other media and creates original sculpture by private, corporate, and institutional commission....

Design date 1986


The American Gold Eagle is an official gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

 bullion coin
Bullion coin
A bullion coin is a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce. Investment coins are generally coins that have been minted after 1800, have a purity of not less than 900 thousandths and are or have been a legal tender in...

 of the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. Authorized under the Gold Bullion Coin Act of 1985
Gold Bullion Coin Act of 1985
The Gold Bullion Coin Act of 1985, Pub. L. No. 99-185, 99 Stat. 1177 , codified at through , , , and amending and , has helped the American Gold Eagle to quickly become one of the world's leaders in gold bullion coin...

, it was first released by the United States Mint
United States Mint
The United States Mint primarily produces circulating coinage for the United States to conduct its trade and commerce. The Mint was created by Congress with the Coinage Act of 1792, and placed within the Department of State...

 in 1986.

Details


Offered in 1/10 oz
Troy ounce
The troy ounce is a unit of imperial measure. In the present day it is most commonly used to gauge the weight of precious metals. One troy ounce is nowadays defined as exactly 0.0311034768 kg = 31.1034768 g. There are approximately 32.1507466 troy oz in 1 kg...

, 1/4 oz, 1/2 oz, and 1 oz denominations, these coins are guaranteed by the U.S. government to contain the stated amount of actual gold weight
Actual gold weight
The actual gold weight of a bullion coin or bar is the amount of fine, pure, or intrinsic gold content in troy ounces. It is typically used to describe gold or silver coins....

 in troy ounce
Troy ounce
The troy ounce is a unit of imperial measure. In the present day it is most commonly used to gauge the weight of precious metals. One troy ounce is nowadays defined as exactly 0.0311034768 kg = 31.1034768 g. There are approximately 32.1507466 troy oz in 1 kg...

s. By law, the gold must come from sources in America, alloyed with silver and copper to produce a more wear-resistant coin. The specific alloy is also referred to as crown gold
Crown gold
Crown gold is a 22 karat gold alloy, introduced in England for gold crown coin manufacture in 1526 . It is 22/24 = 0.91667 fine or 91.667% gold....

. The actual gold fraction is .9167 or (22 karat
Carat (purity)
The karat or carat is a unit of purity for gold alloys.- Measure :Karat purity is measured as 24 times the purity by mass:where...

). It is authorized by the United States Congress
United States Congress
The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....

 and is backed by the United States Mint for weight and content.

The obverse design features a rendition of Augustus Saint-Gaudens
Augustus Saint-Gaudens
Augustus Saint-Gaudens was the Irish-born American sculptor of the Beaux-Arts generation who most embodied the ideals of the "American Renaissance"...

' full length figure of Lady Liberty
Liberty (goddess)
Goddesses named for and representing the concept Liberty have existed in many cultures, including classical examples dating from the Roman Empire and some national symbols such as the British "Britannia" or the Irish "Kathleen Ni Houlihan"....

 with flowing hair, holding a torch in her right hand and an olive branch in her left, with the Capitol building in the left background. The reverse design, by sculptor Miley Busiek
Miley Tucker-Frost
Miley Tucker-Frost is a nationally recognized monumental sculptor living in the United States. She works in bronze, steel, cast stone, and other media and creates original sculpture by private, corporate, and institutional commission....

, features a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings.

Value



The market value of the coins is generally about equal to the market value of their gold content, not their face value. the $5, $10, $25, and $50 coins by face value are worth and sell for about $180, $430, $650, and $1,650 USD respectively. The face values are proportional to the weights except for the 1/4 oz coin, which would then be $12.50. Their actual selling prices vary based on the current spot price of gold. The United States Mint also produces a proof
Proof coinage
Proof coinage means special early samples of a coin issue, historically made for checking the dies and for archival purposes, but nowadays often struck in greater numbers specially for coin collectors . Many countries now issue them....

 version for coin collectors
Coin collecting
Coin collecting is the collecting or trading of coins or other forms of minted legal tender.Coins of interest to collectors often include those that circulated for only a brief time, coins with mint errors and especially beautiful or historically significant pieces. Coin collecting can be...

. These coins are produced at the West Point Mint
West Point Mint
The West Point Mint Facility was erected in 1937 near the U.S. Military Academy in West Point, New York. Originally it was called the West Point Bullion Depository. At one point it had the highest concentration of silver of any U.S. mint facility, and for 35 years produced circulating pennies...

 in West Point
West Point, New York
West Point is a federal military reservation established by President of the United States Thomas Jefferson in 1802. It is a census-designated place located in Town of Highlands in Orange County, New York, United States. The population was 7,138 at the 2000 census...

, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

 and carry the mint's mark ("W") or beneath the date.

Specifications


Each of the four sizes contains 91.67% gold (22 karat), 3% silver, and 5.33% copper.
1/10 troy oz coin
Diameter: 16.50 mm
Thickness: 1.19 mm
Gross weight: 0.1091 troy oz (3.393 g)
Face value: $5

1/4 troy oz coin
Diameter: 22 mm
Thickness: 1.83 mm
Gross weight: 0.2727 troy oz (8.483 g)
Face value: $10

1/2 troy oz coin
Diameter: 27 mm
Thickness: 2.24 mm
Gross weight: 0.5454 troy oz (16.965 g)
Face value: $25

1 troy oz coin
Diameter: 32.70 mm
Thickness: 2.87 mm
Gross weight: 1.0909 troy oz (33.930 g)
Face value: $50


Gold Eagles minted 1986-1991 are dated with Roman numerals
Roman numerals
The numeral system of ancient Rome, or Roman numerals, uses combinations of letters from the Latin alphabet to signify values. The numbers 1 to 10 can be expressed in Roman numerals as:...

. In 1992, the U.S. Mint switched to Arabic numbers for dating Gold Eagles.

The 1/10, 1/4, and 1/2 troy oz coins are identical in design to the 1 troy oz coin except for the markings on the reverse side that indicate the weight and face value of the coin (for example, 1 OZ. FINE GOLD~50 DOLLARS).

These bullion coins carry face value
Face value
The Face value is the value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the minting authority. While the face value usually refers to the true value of the coin, stamp or bill in question it can sometimes be largely symbolic, as is often the case with bullion...

s of $5, $10, $25, and $50. These are their legal values reflecting their issue and monetized value as coins. They are legal tender
Legal tender
Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency is a common form of legal tender in many countries....

 for all debts public and private at their face values. These face values do not reflect their intrinsic value
Intrinsic value (numismatics)
In commodity money, intrinsic value can be partially or entirely due to the desirable features of the object as a medium of exchange and a store of value. Examples of such features include divisibility; easily and securely storable and transportable; scarcity; and hard to counterfeit...

 which is much greater and is mainly dictated by their troy weight
Troy weight
Troy weight is a system of units of mass customarily used for precious metals, gemstones, and black powder.There are 12 troy ounces per troy pound, rather than the 16 ounces per pound found in the more common avoirdupois system. The troy ounce is 480 grains, compared with the avoirdupois ounce,...

 and the current precious metal
Precious metal
A precious metal is a rare, naturally occurring metallic chemical element of high economic value.Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals...

 price.

See also


  • American Silver Eagle
    American Silver Eagle
    The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9%...

  • American Platinum Eagle
    American Platinum Eagle
    The American Platinum Eagle is the official platinum bullion coin of the United States. The coins were first released by the United States Mint in 1997. It is offered in 1/10, 1/4, 1/2, and 1 troy oz varieties and consists of .9995 fine platinum...

  • American Buffalo
    American Buffalo (coin)
    The American Buffalo, also known as a gold buffalo, is a 24-karat bullion coin first offered for sale by the United States Mint on June 22, 2006, and available for shipment beginning on July 13. The coin follows the greatly admired design of the Indian Head nickel and has gained its nickname from...

  • Eagle (U.S. coin)
  • Krugerrand
    Krugerrand
    The Krugerrand is a South African gold coin, first minted in 1967 to help market South African gold. The coin, produced by the South African Mint, proved popular and by 1980 the Krugerrand accounted for 90% of the gold coin market. The name itself is a compound of Kruger and rand, the South...

  • Canadian Gold Maple Leaf
    Canadian Gold Maple Leaf
    The Canadian Gold Maple Leaf is the official bullion gold coin of Canada, and is produced by the Royal Canadian Mint. The brainchild of Walter Ott, it is one of the purest gold regular-issue coins in the world with a gold content of .9999 millesimal fineness , with some special issues .99999 fine...


External links