Buy the American Eagle 1 oz Gold Coin
Money Metals Exchange is pleased to make available the highly popular American Eagle gold coin series in the1 oz gold bullion size, produced by the U.S. Mint since 1986. Each Golden Eagle Value is based on its gold content, but it also carries a legal tender value of $50 US (1 oz), $25 US (1/2 oz), $10 US (1/4 oz) and $5 US (1/10 oz). The Golden Eagle's weight, content, and purity are guaranteed by the United States Government. WhileGold American Eagle coins contain either a full 1 ounceof gold (or 1/2 oz, 1/4 oz or 1/10 oz depending on the specific size), by weight it is 91.67% gold (22 karat), 3% silver, and 5.33% copper.
Here is more about the product, specifications, and purchase price:
1 Oz Gold Coin Specifications
Introduced in 1986 by the United States Mint, the American Eagle gold coin series, minted in four different sizes:
- 1 oz. (1 troy ounce, a fifty-dollar face value coin)
- 1/2 oz. (1/2 troy ounce, a twenty-five-dollar face value coin)
- ¼ oz. (1/2 troy ounce, a ten-dollar face value coin)
- 1/10 oz. (1/10 troy, a five-dollar face value coin).
The front (obverse) of the gold bullion coin looks similar to the 1907-1933 twenty-dollar gold coinand its depiction of a robed lady Liberty, designed by Augustus Saint-Gaudens.
The back (reverse) of the coin is adorned by a family of eagles, and the words “United States of America”, “In God We Trust”, “E Pluribus Unum”, the face value, and the gold weight of the coin.
History of the 1 Oz American Gold Eagle
American gold coins were originally authorized by the Coinage Act of 1792 and served as coins of the realm until 1933. They were removed from circulation by Franklin Roosevelt’s controversial executive order which lasted until 1972.
President Nixon rescinded Roosevelt’s executive order which banned private ownership of gold bullion at the same time as he slammed shut the “gold window”. His action removed the last vestige of gold backing from the US dollars – dollars could no longer be redeemed by any party for gold. But at least Americans could once again build personal reserves.
Prior to 1933, US gold coins for sale circulated with denominations of $20, $10, $5 and $2.50. The modernAmerican Eagle 1oz gold coincarries a denomination of $50 – a tiny fraction of its actual value based on metal content. Officials do not want gold coins to re-enter circulation or to be spent, in competition with fiat (paper) dollars. Rather the coins are traded by dealers and investors, priced at just above the current melt-value of 1 troy ounce of gold.
The one-ounce American Gold Eagle coinsfirst produced in 1986 after passage of theGold Bullion Act of 1985 passed. The act authorized the US Mint to produce American Eagle gold coins, but only from gold mined inside the US.
Today, investors can get American Eagle coins in silver, gold, platinum or palladium.
American Gold Eagle1 ounce gold coinshave gold weight and purity that is guaranteed by the federal government.
From 1986 through 1991, the US Mint used Roman Numerals to date the coins. From 1992 on, the coins feature traditional Arabic numerals.
1 Oz Gold Eagle Composition
American Eagle gold coins are produced in a 22-karat alloy, called "crown gold," which was originally formulated in 1526 by King Henry VIII. The coins contain 91.67 percent gold with the remaining balance in copper and silver. Each coin is marked by weight, which is the actual amount of gold weight in troy ounces. Coins marked 1-oz contain a full troy ounce of gold content with some additional weight attributable to the silver and copper alloy metals. That means the gross weight of these coins is slightly greater than 1 troy ounce.
You can also check out the American Eagle as a 1 oz pure silvercoin if you would prefer the design, but at a lower cost. US Mint Silver Eagles are also offered insmaller sizes, if you are interested in fractional coins. So no matter what you're looking to invest in, we can help you find it.
Product Details for 1 oz. American Gold Eagle Coin:
- Mint Facility: United States Mint
- Denomination: 50 dollars US
- Date: 1986 through the present
- Type and Quality: Brilliant Uncirculated
- Purity: 91.67 percent gold, 5.33 percent copper, and 3 percent silver
- Gold Weight: 1 troy ounce
- Diameter: 1.287 inches or 32.70 millimeters
- Edge: Reeded
- Design – Obverse (front): Standing Liberty
- Design – Reverse (rear): Nesting Eagle Family
The packaging of the American Eagle 1 oz gold coin will vary depending on the number of coins purchased.
Quantities of 9 or fewer are shipped well protected in plastic coin flips. Ten or more coins will be placed in original mint tubes which can contain up to 20 coins; whereas, 500 gold coins are shipped in the original red “monster” boxes.
1 Oz American Eagle Gold Coin Value
The $50 face value of the 1-ounce coin is marked on the reverse side, but that should not be confused with the coin’s value or price. The actual value of the coin is based upon its gold content and will fluctuate with the market price of gold in the commodities markets.
Though the one-ounce American Gold Eagle have a face value and are legal tender, their purpose is different. 1 ounce gold coins are not intended to be spent with a merchant, at least not unless the merchant is willing to recognize the coin’s actual value. Instead, they are an investment and a hedge against the perpetual devaluation of the US dollar.
American Eagle gold coins are very popular and the US Mint’s guarantee of weight adds some value. For this reason, these coins often carry a slight premium – perhaps 1 - 2% - versus comparable gold coins from elsewhere in the world.
How We Determine the Market Price of the 1 oz. American Gold Eagle Coin
The market value of the one-ounce coin is directly related to its value on the commodity exchanges, such as the COMEX. Like shares in a publicly traded company, gold futures contracts are bought and sold on a continuous basis during the trading day. The price, sometimes referred to as the “spot price”, will fluctuate from moment to moment.
Money Metals Exchange reports and displays the live pricing for gold at the top of our website.
Finding the total price of a 1 ounceAmerican Gold Eagle coin requires taking the “spot price” and adding a “premium” to it. Premiums vary, depending on the item and quantity. They are determined by the production cost of the coin and by the profit margin included by the dealer, but mostly by supply and demand. Like most products in any market, buying in quantity generally means lower cost.
For people who want to buy gold coinsregularly, lower premiums are available for those who join our monthly membership plan.
1 Oz Golden Eagle Coins for Retirement
More and more investors are holding US mint gold coins, like the American Eagles inside of retirement accounts, in addition to more traditional stocks and bonds. 1 oz gold Eagles can be held inside “self-directed” Individual Retirement Accounts (IRA's). They are the only exception to the IRS requirement that physical precious metals be at least .999 pure to be eligible for inclusion.
Investors should beware of precious metals dealers who market “proof” or collectible versions of American Eagles for IRAs. IRS rules prevent most numismatic coins in retirement accounts, but a loophole allows rare coin dealers to offer “proof” Eagles. These are typically very overpriced and will not perform nearly as well as regular bullion coins.
Buy 1 Oz Gold American Eagle Coins for Investment
Gold American Eagles are the most popular and liquid bullion coin in the world. They are also among the most beautiful. The modest additional premium that investors pay to purchase these coins will almost certainly be returned to them when it is time to sell them. In other words, the beauty, trust and confidence offered by both gold and silver bullion American Eagles make them a cut above, whether you are buying or selling. When you're ready to buy American Gold Eagle coins, Money Metals is here to help!
FAQs
How much is a 1 oz gold Eagle coin worth? ›
The current value of a 1 oz Gold American Eagle coin (which contains 31.104 grams of pure gold) is between $1800-$2100 , while the value of one ounce of pure gold is currently around $1960.
How much can I sell an American Eagle gold coin for? ›Each Golden Eagle Value is based on its gold content, but it also carries a legal tender value of $50 US (1 oz), $25 US (1/2 oz), $10 US (1/4 oz) and $5 US (1/10 oz).
How do I sell my gold eagle coins? ›When you are ready to sell Gold Eagle Coins, simply create a packing slip using our online store. It's easy to select your product from our product list and make your sale. Having trouble? Call us at 1 877 775-4826 (US and Canada) or use our international number, 1 514 313-9999.
How much is a 1 oz gold dollar worth? ›The 1 oz American Gold Eagle is the largest gold coin produced by the US Mint, and carries a face value in the United States of $50 USD.
What is the best way to sell a gold coin? ›Your best bet among all options is to sell your gold to a professional bullion dealer. This may simply be one of your local coin shops. Professional dealers will pay you more for your gold than any of the alternatives. They are also by far the safest and most secure place to sell gold.
What is 1 oz gold selling for? ›| Weight: | Spot Price: | Buy Price: |
|---|---|---|
| 1.00 oz | $ 1,661.60 | $ 1,731.39 |
Central banks are among the largest buyers of gold, and yet it's very rare for customers to be able to buy gold at banks. In fact, it's unusual for typical banks to sell any precious metals. And even when they do, their selection is limited.
Are American Eagle gold coins a good investment? ›Lastly, buying gold eagle coins is considered to be the most agile form of physical investment in gold. So, American Eagles coins are a great measure against inflation. So, buying gold eagles is a good investment.
What is the current price of gold Eagles? ›| Product | Best Price |
|---|---|
| 1 oz Gold Eagle | As Low As $2191.35 Shop Now |
Gold prices have been hovering around $2,000 per ounce after almost hitting the record high in early March and are expected to stay robust through much of 2022. Which means this is a good time to sell your gold jewelry if you're looking for some extra cash.
Is it hard to sell gold coins? ›
Gold bullion is the most popular type of gold to hold as an investment or store of value, as it's generally easy to sell, and maintains its value well.
What is the best 1 ounce gold coin? ›- 1 oz Gold Maple Leaf Coin – Royal Canadian Mint. ...
- 1 oz Gold Kangaroo – Perth Mint. ...
- 1 oz Gold Buffalo Coin – United States Mint. ...
- 1 oz Gold Philharmonic Coin – Austrian Mint. ...
- 1 oz Gold Britannia – United Kingdom Royal Mint. ...
- 1 oz Gold Krugerrand – South African Rand Refinery.
American Eagle Gold Proof Coins are collector versions of the official United States Mint bullion coins produced since 1986. They are available in four sizes: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce. All American Eagle Gold Proof Coins contain 91.67 percent (22-karat) gold.
Are gold coin sales reported to IRS? ›Tax liabilities on the sale of precious metals are not due the instant that the sale is made. Instead, sales of physical gold or silver need to be reported on Schedule D of Form 1040 on your tax return.
Who pays most for gold coins? ›When it comes to selling gold coins that don't have any value as collectors' items (or any other type of gold) I recommend selling to CashforGoldUSA, for a few reasons: They pay top dollar for gold coins: CashforGoldUSA pays up to 95% of the melt value of the metal.
Do you pay taxes on gold coins? ›And since gold is an investment asset, when you sell your gold and make a profit it is taxed as capital gains. Though, depending on how you held your gold, you will either have to pay taxes at the ordinary capital gains rate or at a general rate of 28%.
How much is an ounce of gold in 2022? ›BMO Capital Markets, UBS Global Wealth Management, and Reuters, all predict the gold price in 2022 will average between $1,700 - $1,800 per ounce maintaining the levels seen at the time of writing.
How much is an ounce of 14K gold worth? ›| Ounce | US Dollar | US Dollar |
|---|---|---|
| 1 Ounce = | 974.3 USD | 1 USD = |
| 2 Ounce = | 1948.6 USD | 2 USD = |
| 5 Ounce = | 4871.6 USD | 5 USD = |
| 10 Ounce = | 9743.2 USD | 10 USD = |
Sell to Us Price: $1,654.20 each.
How do you convert gold into cash? ›Take the gold to a jeweler or coin dealer who purchases scrap gold for conversion into paper money. There will be a fee for selling your gold, generally between 10 to 20 percent of the market value. Contact multiple buyers to determine the best price you can get for your gold.
What can I do with gold coins? ›
Currently gold coins can be sold to any jewellery retailer in return for jewellery or cash. There are a lot of other gold investment options available for you to invest in like gold bars, gold bullions and other investment options.
Can I deposit gold in a bank? ›The deposit will be accepted by the Bank on behalf of the Central Government. Deposit Quantity Minimum: 10 grams of raw Gold (bars, coins, jewellery, excluding stones and other metals). Nomination Facility available for deposits in single names in individual capacity.
Is it better to buy gold coins or bars? ›Gold is considered a reliable investment in all cases. Gold bars are particularly so, since their value can be accurately determined by the live spot price. Gold coins will command slightly higher premiums over the spot price than gold bars, due to the extra minting costs, and the commemorative nature of their value.
Are American Eagle gold coins legal tender? ›Are American Gold Eagles legal tender? Yes. The face value is on the reverse of the coin. However, the precious metal content in these coins is worth many times the face value.
Are U.S. gold coins real gold? ›Composition is 91.67% gold, 3% silver, balance copper with a reeded edge. Weight and diameter differs between the one, half, quarter, and tenth ounce sizes. The one ounce coin, $50 face value, is 1.287 inches (32.70 mm) in diameter, contains one gold troy ounce and weighs 1.0909 troy ounces (33.931 g).
How much are $1 gold coins worth? ›These are popular coins but well over a billion have been minted since 2000. There are a couple of special varieties that are collectible like the 2000-P Cheerios coin. However, your regular strike Sacagawea coins are still just worth $1 and will likely only be worth a dollar for the foreseeable future.
How much is a 1991 gold eagle worth? ›1991 American Gold Eagle $5 AGE Coin - Certified PCGS MS70 - $900 Value!
Is buying gold coins from the US Mint a good investment? ›US Mint coins are a worthy investment choice because of the design (Eagle Design), especially for the Gold bullion coins. Additionally, the US Mint produces a range of commemorative coinage that transcends their intrinsic metal value.
What will gold be worth in 5 years? ›Gold 5 Year Forecast
If the US public debt becomes an issue, then the price of gold may hit $3,000 per ounce. In the unlikely event of global war, the price of gold could explode up to $5,000 per ounce in five years.
...
Gold vs USD.
| Long position overnight fee | -0.1437% |
|---|---|
| Overnight fee time | 21:00 (UTC) |
| Spread | 0.020 |
Is gold high or low right now? ›
| Gold Price Last Week | |
|---|---|
| Current Price | $53,395.00 |
| Week High | $53,856.76 |
| Week Low | $51,921.04 |
| Week Change | +$526.07 (1.00%) |
You pay a premium over the price per ounce when you buy gold coins, which is how the dealer makes a profit. You may pay a higher premium if you buy gold coins that are less than one ounce each.
How much is a 2022 $50 gold piece? ›The 2022-W $50 Uncirculated American Gold Eagle may be ordered directly from the U.S. Mint's gold coins page located here. Orders are limited to one coin per household during the first 24-hour sales period. Pricing is $2,670.00.
How much do you lose when selling gold coins? ›Gold coins are bought through traditional coin dealers with around 7 to 10 percent 'spread'. That's the difference between the dealers' selling price and their buy-back price. 7 to 10 percent is what you lose when you buy gold as gold coins, and it's a very high transaction cost for a modern investment.
What is the easiest gold to sell? ›Gold bullion is the easiest type of gold to sell as it is already in the form that can be then be sold on – it doesn't need to be melted down. Because it is in an easy-to-use format, it also means that you will get the highest value possible for the gold.
How much do you lose when you sell gold? ›When you sell gold coins or bars, you should expect to receive at least 90% to 95% of the current market value. But with gold jewelry, you're likely to get only 70% to 80% of the melt value.
Which gold coin is the purest? ›With advances in technology and innovations in precious metals production, the Canadian Maple Leaf and the American Gold Buffalo are known as the purest gold coins in the world with 99.999% gold purity.
Which coins are 24k gold? ›24k gold is the popular standard that most people recognize as pure and ideal. The Canadian Maple Leaf, Austrian Philharmonic, Chinese Panda, and the US Buffalo are all 24k gold coins.
How do I value my gold coins? ›Placing a dollar value on bullion coins and bars like the American Gold Eagle is pretty simple: take the weight in ounces and multiply it by the current spot price and add a few percent for markup.
How much gold can I buy without reporting? ›
However, no government regulations require the reporting of the purchases of any precious metals, per se. If payment is made by cash greater than $10,000, however, it becomes a “cash reporting transaction.” It is not the gold that the government wants reported but the cash.
Do gold coins go up in value? ›Gold Is Relatively Stable During Economic Recessions
In addition, the value of gold isn't affected by inflation, unlike paper currency. Gold retains its intrinsic value regardless of the economic climate, making it a much more stable investment than stocks and bonds.
1) Krugerrand – The world's first 1oz gold bullion coin, and undisputedly the most popular bullion coin in the world. During the 1980s Krugerrands accounted for an impressive 90% of the gold coin market.
What is a 1 oz gold eagle worth? ›Each Golden Eagle Value is based on its gold content, but it also carries a legal tender value of $50 US (1 oz), $25 US (1/2 oz), $10 US (1/4 oz) and $5 US (1/10 oz). The Golden Eagle's weight, content, and purity are guaranteed by the United States Government.
How much is a 1 oz gold eagle? ›The current ask purchase prices for a one-ounce American Gold Eagle is: $1,801.10 The best reference for today's up to date prices for Gold Eagle Coins is above.
How do you sell gold eagles? ›When you are ready to sell Gold Eagle Coins, simply create a packing slip using our online store. It's easy to select your product from our product list and make your sale. Having trouble? Call us at 1 877 775-4826 (US and Canada) or use our international number, 1 514 313-9999.
What is the price of gold eagles today? ›| Product | Best Price |
|---|---|
| 1 oz Gold Eagle | As Low As $2191.35 Shop Now |
Lastly, buying gold eagle coins is considered to be the most agile form of physical investment in gold. So, American Eagles coins are a great measure against inflation. So, buying gold eagles is a good investment.
How much is Eagle coin worth? ›The current price is $0.0003 per ELC. eaglecoin is 99.99% below the all time high of $2.57.
Are American gold Eagles pure gold? ›Composition is 91.67% gold, 3% silver, balance copper with a reeded edge. Weight and diameter differs between the one, half, quarter, and tenth ounce sizes. The one ounce coin, $50 face value, is 1.287 inches (32.70 mm) in diameter, contains one gold troy ounce and weighs 1.0909 troy ounces (33.931 g).
How much gold is in a gold eagle coin? ›
American Eagle Gold Proof Coins are collector versions of the official United States Mint bullion coins produced since 1986. They are available in four sizes: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce. All American Eagle Gold Proof Coins contain 91.67 percent (22-karat) gold.
Is it better to buy gold coins or bars? ›Gold is considered a reliable investment in all cases. Gold bars are particularly so, since their value can be accurately determined by the live spot price. Gold coins will command slightly higher premiums over the spot price than gold bars, due to the extra minting costs, and the commemorative nature of their value.
What is the best metal to invest in right now? ›Gold. Gold is the most well-known and investable precious metal. It's unique for its durability (it doesn't corrode), shaping capability, and ability to conduct heat and electricity. While it has some industrial uses in dentistry and electronics, it's primarily used to make jewelry or as a form of currency.
What is the most popular gold coin in the world? ›1) Krugerrand – The world's first 1oz gold bullion coin, and undisputedly the most popular bullion coin in the world. During the 1980s Krugerrands accounted for an impressive 90% of the gold coin market.
Is buying gold coins from the U.S. Mint a good investment? ›US Mint coins are a worthy investment choice because of the design (Eagle Design), especially for the Gold bullion coins. Additionally, the US Mint produces a range of commemorative coinage that transcends their intrinsic metal value.
Is Eagle coin legit? ›Eagle Network is actually is a project which tradable coin has not been launched yet. There are so many red flags recorded on this platform that cannot be ignored. Eagle Network seems to be scam platform, because it's means of operation looks suspicious.
Is a gold dollar real gold? ›In 2000, the dollar gained a new golden color. The coins are now made with a mix of manganese, zinc, copper, and nickel metals. The designs have also changed as part of different coin programs, including: Sacagawea Golden Dollar (2000-2008) which showed Sacagawea and her baby, Jean-Baptiste on the obverse.
How much gold is in a 2022 Gold Eagle? ›You pay a premium over the price per ounce when you buy gold coins, which is how the dealer makes a profit. You may pay a higher premium if you buy gold coins that are less than one ounce each.
Are gold $1 coins worth anything? ›These are popular coins but well over a billion have been minted since 2000. There are a couple of special varieties that are collectible like the 2000-P Cheerios coin. However, your regular strike Sacagawea coins are still just worth $1 and will likely only be worth a dollar for the foreseeable future.