The US Mint’s American Gold Eagles are the best selling gold bullion coins in the US. They are 91.67% gold/8.33% copper and carry symbolic legal tender values.
The 1-oz Gold Eagle has a $50 legal tender value, the 1/2-oz Gold Eagle $25; the 1/4-oz $10 and the 1/10-oz $5. All four American Gold Eagle sizes carry the same design and are minted at the US Mint’s West Point facility.
Since their introduction in 1986, more than sixteen million Gold Eagles have been sold. Because American Eagle Gold Bullion Coins (their official name) are the world’s best-selling gold bullion coins, they provide instant liquidity. Still, the Krugerrand is probably the world’s best known gold bullion coin.
American Gold Eagles are 22-karat gold, which means they contain 91.6% gold and 8.4% of a copper-silver alloy. Because Gold Eagles are 22-karat, many investors incorrectly believe that Gold Eagles have less than an ounce of gold. This is not so.
Gold Eagles: exactly 1-oz ounce of gold
The 1-oz American Gold Eagles contain exactly one ounce of gold, and the smaller fractional-ounce Gold Eagles contain the gold content stamped on them. The copper-silver alloy causes the coins to weigh slightly more than their stated gold contents.
American Gold Eagles: legal tender gold coins
American Eagles are legal tender coins, but their face values are symbolic, as Gold Eagles do not sell at their legal tender values; Gold Eagles sell at prices that reflect the value of their gold content plus small premiums for being coins.
American Gold Eagles: four sizes
The 1-oz Gold Eagle coins are $50 face value, the 1/2-oz coins $25, the 1/4-oz coins $10, and the 1/10-oz coins $5. One-ounce Gold Eagles come in tubes of twenty but can be bought in smaller quantities.
Gold Eagles minted 1986-1991 are dated with Roman numerals. In 1992, the U.S. Mint switched to Arabic numbers for dating Gold Eagles.
If you would like to discuss buying American Gold Eagles, or would like to discuss any aspect of investing in gold, call us at 800-528-1380. CMIGS takes calls 7:00 a.m. to 5:00 p.m. MST, Mondays through Fridays.
The troy ounce is the unit of weight for precious metals. One troy ounce equals 1.09711 regular (avoirdupois) ounces. Where ounce and ounces are used in this Web site, they mean troy ounce or ounces.
Buying Gold Eagles from CMI Gold & Silver Inc.
The minimum orders for bullion purchases at CMIGS are five ounces of gold or platinum; ten ounces of palladium; 200 ounces of silver. Orders up to $50,000 may be accepted without a deposit. Usually, payment by bank wire transfer is required for larger orders. Sometimes, a deposit may be required before prices are locked in for large orders. For still more details about buying and selling precious metals with us, See Doing Business With CMIGS.
If you are interested buying quantities less than five ounces of gold bullion, visit our Gold Specials Page, which often offers gold bullion in quantities less the five ounces.