American Eagle Gold Coins
Celebrate an American icon and add gold to your investment portfolio with a remarkable coin, the Gold American Eagle. These gold coins were struck in the United States Mint, contain 91.67% gold, and carry with them the backing and security of the U.S. government. Discover what American Eagle gold coins can do for your portfolio.
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Gold American Eagle
Design and Specifications
Historically, investors acquire gold for the stability, liquidity and diversity it can provide to an investment portfolio. Monex is proud to offer a gold bullion coin that provides all of this, as well as the backing and security of the American government. The Gold American Eagle, first released by the United States mint in 1986, this gold coin is the first modern bullion coin to be authorized by the United States Congress and is backed by the US Mint for its weight, content and purity.
Each gold American Eagle coin features striking imagery, symbolizing the American spirit and character. The obverse of the coin is based off a design by Augustus Saint-Gaudens which carries the image of a full length figure of Lady Liberty holding a torch in her right hand and an olive branch in her left. In the background can be seen the images of the sun rising and the United States Capitol dome. The obverse side of the coin also bears the inscription "Liberty" and contains both the date of issue and the individual mint mark of origin. The reverse side of the coin bears the image of a male bald eagle carrying an olive branch, flying towards his mate in a nest with their hatchlings.
All American Eagle gold bullion coins are 22 karat (or .9167 fine) gold, containing an alloy of silver and copper to help increase the stability and scratch-resistance of the coins. Each coin is guaranteed to contain an exact quantity of gold, mined exclusively in the United States, and to meet the rigid quality standards of the U.S. Mint.
Gold American Eagle coins are available from Monex in the following three sizes and denominations:
1 Ounce Eagle
1/4 Ounce Eagle
1/10 Ounce Eagle
One-ounce gold American Eagles are sold in units of 10 one-ounce coins. The coins can be purchased outright for personal delivery or can be financed through the exclusive Monex Atlas account. Additionally, these coins are suitable for an IRA investment. Each of the fractional gold American Eagle coins are sold in units of 20 coins each for personal delivery only.
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What is an American Gold Eagle Coin?
The United States Mint issues Gold American Eagles as legal tender gold bullion coins for investment purposes, under congressional authority. The family of Gold Eagles consists of four sizes and face values. Though they are technically money, their face value is insignificant compared to their intrinsic value, and they do not circulate as coinage. By far, one of the most popular and most liquid sizes of almost all coins is the one-ounce $50 face value American Gold Eagle.
Is the American Gold Eagle Coin Pure Gold?
Though Gold American Eagles trade like other bullion gold coins, they are not pure gold. As long as their strong popularity continues, Gold American Eagles will trade at values equivalent to pure gold coins. However, Eagles are not the best substitute for pure .9999 fine investment grade bullion.
Why is the American Gold Eagle only 22 Karats?
The element gold is extremely soft in its pure form. In fact, one of gold's key properties making it so valuable is that it’s incredibly malleable. Gold requires an alloy to make it more durable in certain applications. Then and now, the United States Mint uses copper as the key component to add as an alloy to harden the gold for improved durability. Gold American Eagles are comprised of 91.67% gold, 5.33% copper and 3% silver.
How much Gold are in American Eagles?
All Gold American Eagles contain 91.67% gold. The $50 face value gold Eagle weighs 1.0909 troy ounces, which is 33.93 grams, and is 32.7mm in diameter and 2.87mm thick. However, each coin contains precisely one troy ounce of pure gold. The $10 Gold Eagle weighs 0.2727 troy ounces and is precisely .25 troy ounces of pure gold, and the $5 Gold Eagle weighs 0.1091 troy ounces and is precisely .1 troy ounces of pure gold.
What Gold Coins to buy?
Simply buy the type of gold coins that make you most comfortable. Two important considerations for selecting your preferred brand of bullion coins is buying and selling liquidity resulting from popularity and demand as well as relative levels of buying and selling prices.
What is the Cost of a One-Ounce Gold Eagle to purchase?
The purchase price of a one ounce Gold American Eagle is at the Monex Ask price. In addition, there are charges such as commission and shipping. There is no shipping charge if you select depository delivery. Today's ask price per coin for buying in units of ten is: $1895.5.
How do I buy and receive Gold American Eagles?
Once you have decided on the quantity of Gold American Eagles to purchase, your Monex Account Representative will assist you in executing your order over the phone. Your purchase and price will be confirmed on a voice recorded line after your acknowledgment, and a written confirmation will be sent to you with the details of your order.
Payment may be made after you order, but must be initiated on the day of purchase, which means you must mail or wire funds on the day of your purchase. You can have your metal shipped to your home, made available for pick-up at over 30 facilities across the U.S. and Canada, or have your metal delivered to a bank/depository for storage.
Where is the best Place to buy Gold American Eagle Coins?
Reliability of a commodity and your comfort in making a transaction is paramount. Since 1967, Monex companies have made it a priority to buy back gold that customers have purchased from Monex. Our multi-billion dollar, two-way buy/sell market is a hallmark and tradition at Monex, and is your assurance of liquidity for your Gold American Eagle investment. Please contact a Monex Account Representative for additional details.
Can I Purchase American Gold Eagles in my IRA?
How well have American Gold Eagle Investments Performed?
Can I finance against my Gold American Eagles that I have purchased?
Yes. Utilizing our Atlas account, under certain circumstances, you can borrow against your gold that is being stored. With storage of one ounce Gold American Eagles through Monex at one of our associated depositories, you can use your metal as collateral to borrow cash against it whenever you want, for any purpose. There are no loan set-up fees or penalties for repayment at any time.
You may call your Account Representative and have the cash proceeds of the loan immediately sent to you, or you can use the loan to pay for a purchase.
What is the Gold Eagle Bullion Coin first Year of issue?
How Pure is the Gold American Eagle coin?
Gold American Eagles are 91.67% fine gold, which is precisely 22 karats. As a point of reference, pure gold is 24 karats, while durable gold jewelry is typically 14 to 18 karats. For the United States Mint pure gold coin, see American Buffalo Gold Coins.