The American Gold Eagle coin is the United States’ official gold bullion coin. Also, When it comes to Precious Metals IRA investing, it is the most popular bullion coin. The American Eagle meets the IRS specifications for IRA investment due to its high purity level.
History of American Gold Eagle Coins
The American Gold Eagle coins have official gold bullion coins presented and permitted by the United States Congress. The three primary metals used for the American Gold Eagle coin are gold, silver, and platinum.
The American Gold Eagle coins were introduced in 1986 as a result of the Gold Bullion Coin Act of 1985.
According to the Act, all of the gold in these coins must be mined in the United States and satisfy the specific requirements set by the United States Mint. This act, and subsequent bullion coin acts, were intended to provide an American alternate solution to bullion coin investment opportunities that were accessible in other nations.
Each and every American Gold Eagle coin has also available in ‘proof’ variants, which have been minted for collectors. In order to improve visual appeal, these coins have been refined from than bullion versions. Additionally, in terms of size, shape, quality, and image, ‘proof’ coins are similar to bullion coins.
American Eagle Gold Bullion Coins have been generated by the United States Mint in four weights: one ounce, a half ounce, a quarter ounce, and a tenth ounce. The coins have made of 22-karat gold with traces of alloy. However, this results in harder coins that are less vulnerable to scratching and tarnishing, which can reduce resale value. The United States government guarantees the weight, content, and purity of gold coins. They are available to fund an IRA.
Since 1986, over 12 million American Gold Eagles have been introduced and sold, making it one of the largest worldwide bullion investments.
Physical Characteristics of the American Gold Eagle Coin
Design of the American Gold Eagle Coin
The American Gold Eagle Coins have been generated through a highly specialized minting process. To ensure a consistent appearance, the coin has press-fit and dyed. The US Mint’s standards ensure the pureness and weight of each coin; furthermore, all bundled coins have managed to sell with a formal Certificate of Authenticity.
‘Proof’ coins have been struck in numerous times to create the distinctive mirror-like backstory behind the image. The US Mint chooses which images to use on coins. The image for the American Eagle Gold Coins is Augustus Saint-Gaudens’ depiction of “Liberty.”
The same image appeared on the $20 ‘double-eagle’ coin from 1907 to 1933. President Theodore Roosevelt has said to have chosen this design in order to imitate the magnificent look of Ancient Roman and Greek gold monetary systems.
The coin also bears an inscribed of the word “Liberty,” the date of matter, and the mint mark of the source.
The reverse side depicts a bald eagle trying to carry an olive branch and returning to a nest occupied by its mate. The phrases “United States of America,” “E Pluribus Unum,” and “In God We Trust” have also enshrined on the opposite page.
American Eagle Uncirculated Coins are physically identical to traditional American Eagle Gold coins; the only distinct feature on an Uncirculated Coin is a mint mark’ that suggests the coin’s manufacturing plant (West Point, for example).
Pricing of American Gold Eagle Coin
While these values are technically legal tender, they are highly symbolic; the true value of the American Gold Eagles coin is usually far greater than the mentioned face value.
Also, a face value has a distinct intrinsic value, which has to ascertain (mainly) by the price of gold.
American Gold Eagle coin market prices vary wildly on a daily basis, as do most commodities tied to the value of gold bullion. The daily price of gold has been reported in most major newspapers, allowing for easy tracking of invested capital.
Furthermore, in order to cover notes, coins, and processing costs, a premium has typically been added to the market price of the metal. Intrinsic value has the value derived from the American Gold Eagle coin investment opportunities in a portfolio.
Specifications
The composition is 91.67% gold, 3% silver, and the stability copper with a reeded edge.
The one-ounce coin, one-half-ounce coin, one-quarter-ounce coin, and tenth-ounce sizes differ in weight and diameter.
| one-ounce coin | one-half ounce coin | one-quarter ounce coin | one-tenth ounce coin | |
| face value | $50 | $25 | $10 | $5 |
| diameter, | 1.287 inches (32.70 mm) | 1.063 inches (27.00 mm) | 0.866 inch (22.00 mm) | 0.650 inch (16.50 mm) |
| gold troy ounce | 1 | 0.5000 | 0.2500 | 0.1000 |
| Weighs (troy ounce) | (33.931 g) | (16.966 g). | (8.483 g). | (3.393 g). |
Summary
Therefore, If you want to protect your retirement savings, you must invest in the American Gold Eagle Coin. However, the market value of these coins determines their worth in a retirement or investment portfolio.
If you have an interest in investing in the American Gold Eagle Coin, you can visit our list of the top gold IRA providers of 2023.