American Eagle Gold Bullion Coins are some of the most widely-traded gold coins in the world. These coins are an excellent option if you have decided to preserve some of your wealth with gold bullion coins.
Some of the most important advantages of American Eagle Gold Coins are:
|Gold Content||Face Value|
If you love American art, you will appreciate these US gold coins. Lady Liberty and the North American Bald Eagle - American iconic symbols of freedom and strength - are pictured on these lovely gold coins.
American Eagle Gold Bullion Coins
Three varieties of American Eagle Gold Coins are minted by the West Point Mint. They are:
Although American Eagle Gold Bullion Coins have legal tender status, they are primarily purchased as investments and/or stores of wealth.
The face values of these US gold coins (i.e. $50 for a 1 oz. coin) are small fractions of their actual gold content values. Their true worth is largely determined by the spot gold price for one troy ounce of gold.
American Eagle Gold Proof Coins use the same art as the traditional
gold bullion coins listed above.
These coins, however, are designed and produced for coin collectors. Special manufacturing steps and stamping dies are used to mint these beautiful US gold coins.
The most obvious special features of these proof coins are a frosty image and mirror-like background. Additionally, a “W” is struck into the Lady Liberty side of the gold coin to identify the West Point Mint. (photo below)
The “W” is small but can be seen. It's directly below the “3” in the date.
Generally, the term “uncirculated” is used in concert with traditional bullion coins, issued as legal tender, but unused by the general public. In short these coins appear new like the day they left the mint.
However, mint-designated American Eagle Gold Uncirculated Coins refer to specially minted coins. These coins also display the same art as the other two coin varieties with an appearance more similar to the bullion variety.
Like the proof coins, these American Eagle Gold Coins are minted for coin collectors. They, too, include the “W” strike designating the mint where they are produced.
Another distinguishing feature of this variety is the use of special burnished coins blanks that are individually loaded into coin presses.
Why Are Alloys Added To American Eagle Gold Coins?
Gold is a heavy but soft metal. So pure gold coins are easily scratched or dented.
As a remedy, alloy metals are added during the production of alloy gold coins. Adding silver and copper to American Eagle Gold Coins makes them more resistant to damage.
American Eagle Gold Coins are 91.67% gold, 3% silver and 5.33% copper. Technically, pure gold coins must be at least 99.9% gold according to the karat system.
| 24 karat = 99.9% (or better) pure gold bullion coins |
22 karat = 91.67% alloy gold bullion coins
Which Is Better ... Pure Gold Coins Or Alloy Gold Coins?
Nevertheless, American Eagle Gold Coins have the same gold content as other similarly-stamped gold bullion coins.
For example, one troy ounce of gold is in both one ounce American Eagle Gold Bullion Coins and one ounce Canadian Maple Leaf Gold Coins. However, the gold Eagles are about 3 grams heavier since they include silver and copper.
The main point is that the gold content values are the same for these one ounce Canadian and US gold coins. Nonetheless one coin may be more popular than the other which can result in small price differences.
As mentioned at the top, American Eagle Gold Bullion Coins are a great option if you are buying gold bullion to preserve wealth.
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