What is the Price of a 1 oz American Gold Eagle?
The upper right section of this page displays the cost of a 1 oz American Gold Eagle. The price of this coin is determined by a combination of three factors.
- Gold spot price is the price of an ounce of pure gold available for immediate delivery or delivery ‘on the spot’. It is typically determined by the best bid and offer for gold as offered by large bullion banks trading in real time throughout the world and quoted by data providers such as Thomson Reuters and Bloomberg.
- Weight and purity of gold. Gold Eagles have a purity of 0.9167 (fineness), however, the coins total weight is 1.0909 ozs so that there is exactly 1 troy ounce of pure gold in each coin. They are produced by the United States Mint and each Eagle’s metal content, purity and weight are guaranteed by the U.S. government.
- The gold price premium is the percentage adjustment that is added or deducted from the gold spot price depending on whether a gold buyer is buying (added) or selling (deducted). The gold premium of Gold Eagles is determined by the costs of production, refining, fabrication, minting and the logistics of making the gold coins available for sale in the U.S. The price of a Gold Eagle is also impacted by supply and demand and the amount of gold being bought.
To ascertain the cost of a Gold Eagle, you just need to multiply the current value of gold by the weight of the coin (which is 1 ounce), and then include the present premium for the coin or coins, which GoldCore offers at a competitive rate ranging from 3.5% to 5%.
Gold Eagles are a desirable option for gold buyers and investors as they are affordably priced, widely sought-after, and can be easily traded globally. They serve as a portable store of value and act as crucial financial protection. Owning physical gold through Gold Eagles acts as a safeguard against both domestic and international monetary and financial vulnerabilities.
How much gold is in an American Gold Eagle Coin?
Gold Eagles are coins made of 22 karat gold with a purity of 0.9167 (91.67%) or 22/24 pure gold. To create a coin that is resistant to wear, the gold is mixed with copper (5.33%) and silver (3%).
The U.S. Government has verified that Gold American Eagle coins contain the specified amount of gold and are offered in sizes of one-tenth, one-half, one-fourth, and one ounce. These coins are composed of 91.67% gold, 3% silver, and 5.33% copper to prevent damage and maintain their resale value in the future.
What is the History of Gold Eagle Coins?
The U.S. Mint introduced Gold Eagles in 1986, alongside American Silver Eagle coins, primarily as bullion coins for investment purposes. These American Eagle gold, silver, and platinum bullion coins, authorized by Congress, offer American investors a convenient and economical method of including investment-grade precious metals in their portfolios.
From 1907 to 1933, the US $20 ‘Saint Gaudens’ double eagle gold piece showcased an exquisite design by Augustus Saint-Gaudens, featuring the striking beauty of ‘Liberty’.
On the reverse side, there is an image of an American eagle in flight, clutching an olive branch, as it hovers over a nest with baby eagles and their parent.
Gold Eagles are manufactured at the West Point Mint in New York, displaying a ‘W’ mark beneath the date. They come in four different sizes: 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce. Despite their size, all four versions have the same design, differing only in markings that indicate the size and face value of each coin. At GoldCore, you have the option to buy American Eagle Gold Bullion Coins (1oz) and monster boxes of American Eagles.
The one troy ounce coin, which weighs 1.0909 grams, is made up of one troy ounce of gold. The U.S. Government ensures the metal content, purity, and weight of each coin since they are manufactured by the United States Mint.
To facilitate the purchase of gold bullion by retail investors, American Gold Eagles are manufactured in large quantities, ensuring convenience and assurance. These coins are extensively traded on international gold markets, which contributes to their competitive pricing and exceptional liquidity.
Should investors invest in American Gold Eagle Coins?
GoldCore, known for their competitive premiums, usually sell Gold Eagle Coins at a premium ranging from 3.5% to 5% for both domestic and international deliveries or secure storage. These coins, being produced by the U.S. Mint, are highly sought after in the U.S. due to their dual function as both currency and a reliable asset that offers a safe haven. Additionally, they are commonly chosen as investments for IRA pension plans.
Why do investors love American eagle gold coins?
Investors can enhance the diversification, equilibrium, and stability of their investment portfolio by investing in American Eagle gold coins, which are also backed by the security and support of the U.S. government. These coins possess exceptional quality and beauty, symbolizing the character and essence of the United States. Furthermore, each genuine coin contains a precise amount of gold, and their production is exclusively undertaken by the US, guaranteeing adherence to rigorous quality standards. Consequently, American Eagle Gold Coins offer a prudent choice for investment.
Assurance of Quality
By law, the United States Government guarantees the quality and purity of coins, providing investors with a sense of security in their investments. American Gold Eagle bullion coins are exclusively minted using gold sourced from America, ensuring high standards of quality, gold content, and investment grade purity. Buyers can be assured that they are receiving exactly what they paid for.
The demand for 1 oz gold American Eagle coins continues to increase despite the regular fluctuations in the value of gold. This can be attributed to their secure and high-quality nature, as well as their association with American values. Their popularity, especially among individuals with self-directed IRAs, has seen significant growth as people aim to diversify their retirement investments by creating gold IRAs.
About U.S. Mint
The United States Mint operates under the Department of the Treasury and is responsible for producing coins for trade and commerce within the country. Additionally, the mint supervises the distribution of bullion. Throughout its history, the mint has earned prestige as a renowned facility for producing coins. The U.S. holds one of the world’s largest gold coin markets, with the mint overseeing the largest gold reserves globally. This exceptional accomplishment enhances the mint’s esteemed reputation on the global stage.
Bullion coins offer new investors a great starting point with their clear base value, which ensures they are worth at least their weight in precious metals. Compact, discreet, and highly portable, coins are a valuable choice for investing in gold. The 1 oz Gold American Eagle coins not only present one of the top options for gold investment, but also provide an opportunity to proudly own a piece of America. Their base value is transparent, guaranteeing their worth is at least equal to their weight in precious metals.