As one of the most sought-after gold coins in the world, the American Gold Eagle combines stunning design with a valuable metal.
The American Gold Eagle is one of the world ’ s most recognizable bullion pieces. Its beautiful design and alloy purity make it wildly democratic with collectors and investors alike. If you are considering the American amber eagle for your collection, here are the answers to some frequently asked questions.
What is a Gold Eagle?
first released in 1986, the American Gold Eagle is an official United States gold coin. Gold Eagles contain the equivalent of 22 karats of gold, which makes the coins 91.67 percentage aureate. The remaining materials are made up of 3 percentage silver and 5.33 percentage bull, resulting in a more durable coin.
How much is an American Gold Eagle coin?
Although the price of the American Gold Eagle mint fluctuates with the amber commercialize, in 2017, they were available on-line in the price range of about $ 1,200 to equitable over $ 1,300 for a 1 troy ounce coin.
How many Gold Eagles are minted each year?
Each year the United States Mint manufacturers a different number of Gold Eagles. During its first class of production in 1986, just over 1.3 million 1 troy ounce Eagles were minted. In 1987, slenderly over 1 million were minted. From 1988 through 1996, fewer than 25 percentage of the initial releases were minted each year with production increasing in 1999 by about octuple over production numbers in 1996. The number of mint coins dropped during the early years of the twenty-first century, but increased slenderly until 2004, when it began to decline and continued to do so for the future three years. Beginning in 2008, production was astir more than 500 percentage over the previous class, but then decreased steadily for the adjacent four years. Since 2012, the mint has produced an average of over 600,000 Golden Eagle coins each class.
How much does a Gold Eagle coin weigh?
American Gold Eagle coins are comprised of 91.67 percentage pure gold by weight. They are available in four different weights :
- The 1 troy ounce Eagle actually weighs 33.93 grams with the addition of a small amount of silver and copper making the coin more durable. It contains exactly one troy ounce of gold.
- The 1/2 troy ounce Gold Eagle contains 0.5 ounce of gold and weighs in at 0.5454 troy ounces or 16.965 grams, including silver and copper.
- The 1/4 troy ounce Gold Eagle coin contains .25 ounces of gold and with the addition of silver and copper weighs a total of 0.2727 troy ounces or 8.483 grams.
- The 1/10 troy ounce coin contains 0.1 of an ounce of gold, with its total weight 0.1091 troy ounces, translating to 3.393 grams. This is the smallest Gold Eagle available.
Are American Gold Eagles legal tender?
Yes. The confront measure is on the reverse of the coin. however, the precious metallic element subject in these coins is worth many times the face value.
Are American Gold Eagles taxable?
American Gold Eagle coins are considered collectibles by the IRS. If you own your Eagles for less than a class and sell them, they are taxed at your personal borderline tax rate. If you hold them more than a class before selling, they are taxed at 28 percentage, which is the IRS tax rate for collectibles.
Are Gold Eagle coins a good investment?
broadly yes, considering the long-run rising measure of cute metals – specially gold. Learn more about why you should invest in the American Gold Eagle.
What are American Gold Eagles worth?
A 1 troy ounce American Gold Eagle coin is presently worth on average about $ 2,500 to $ 3,000. A 1/2 troy ounce is worth just under $ 1,000, a 1/4 troy ounce Eagle sells for about $ 700, and a 1/10 troy ounce Eagle will net about $ 450. All of these prices are subject to handiness and market conditions including the current topographic point price of amber.
Where are American Eagle coins minted?
All american Eagle Gold coins are minted at one of the United States Mint facilities. The first mint in Philadelphia opened in 1792. There are besides minting facilities in Denver, San Francisco and West Point. The United State Mint ’ second headquarters are in Washington D.C., although no coins are produced there.
Where can I buy/sell American Gold Eagles?
If you are thinking about buying or selling an american Gold Eagle coin, Provident Metals has many options. Check out our inventory of Gold Eagles, or continue browsing our Knowledge Center to learn more about American Gold Eagle coins.