FREE SHIPPING - REGISTERED AND INSURED
& UP TO $2,500 IN FREE GOLD AND SILVER
91.67% Gold, 3% Silver, Balance Copper
1.287 inches (32.70 mm)
1.0909 troy oz (33.931 grams)
Mint and Mint Mark
West Point – W
These 22karat, 1 oz coins are authorized by the United States Congress, and are backed by the United States Mint for weight and content.
The U.S. government guarantees that each coin includes the amount of actual gold weight in Troy ounces, which ensures that every American Eagle coin is recognized as legal tender.
The market value of the coins is generally equals the market value of their gold content, not their face value. Their actual selling prices vary based on the current spot price of gold.
American Eagle gold coins are beautiful collectibles for any investor.
The obverse (front) design features a rendition of Augustus Saint-Gaudens' full length figure of Lady Liberty with flowing hair, holding a torch in her right hand and an olive branch in her left, with the Capitol building in the left background. The reverse (back) design, by sculptor Miley Busiek, features a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings.
The original Gold American Eagle coin dates back to 1792. Its original value was $10, but was also available as a Quarter Eagle, Half Eagle, and Double Eagle, valued respectively at $2.50, $5, and $20. Much like today, the original Gold American Eagles were minted in British standard crown gold, or 22-karat gold. The rest of the coin was made of copper and silver.
The Gold American Eagle was discontinued in 1933, as the result of a decree by Franklin D. Roosevelt aimed at preventing banks from failing during the early stages of the Great Depression. Gold coins went out of fashion during the 20th Century when the United States moved away from the Gold Standard.
In 1985, Ronald Reagan signed the Gold Bullion Coin Act into law, forever changing the precious metals market. Congress had been petitioning for the return of a gold American coin since 1981, so with the passing of the act, the Gold American Eagle was the favorite for mint production. The law allowed the Gold American Eagle coin to quickly soar in popularity for investors and collectors alike.
The Gold American Eagle coins were first produced and made available to the public in 1986. Since their introduction, the American Eagle has been the most widely traded gold coin in the United States. Another reason for its popularity is a legal provision requiring the coin to be mined from gold found in the United States, making it a truly American coin.
You will fill-up a secure online application form in which one of our IRA specialists will verify overnight. We will take care of the paperwork that are required by your current custodian, which only takes 5-7 business days. Upon the arrival of funds at the 3rd party custodian, i.e. SDIRA, Equity, or Gold Star, we will write the trade for the physical gold and silver. The gold and silver acquired through this process is then shipped, registered and insured to the DSSC, Delaware Depository, a non-governmental, private depository where your metals will be stored in an individual, secure, and insured storage.
How much does a Gold Eagle coin weigh? American Gold Eagle coins are comprised of 91.67 percent pure gold by weight. 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.
Are American Gold Eagles legal tender? Yes. The face value is on the reverse of the coin. However, the precious metal content 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 year and sell them, they are taxed at your personal marginal tax rate. If you hold them more than a year before selling, they are taxed at 28 percent, which is the IRS tax rate for collectibles.
Are Gold Eagle coins a good investment? Yes, considering the long-term rising value of precious metals - especially gold.
What are American Gold Eagles worth? A 1 troy ounce American Gold Eagle coin is currently 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 availability and market conditions including the current spot price of gold.
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 also minting facilities in Denver, San Francisco and West Point. The United States Mint’s headquarters are in Washington D.C., although no coins are produced there.
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 is so 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. American Eagles are comprised of 91.67% gold, 5.33% copper and 3% silver.
Bloomberg: Gold Will Likely Soar To A Record Within Five Years
Bloomberg: Gold Will Likely Soar To A Record Within Five Years
“Gold will likely soar to a record within five years as asset bubbles burst in everything from bonds to credit and equities, forcing investors to find a haven”, reported Bloomberg last week, quoting Old Mutual Global Investors’ Diego Parrilla.
The metal is at the start of a multi-year bull run with a “few thousand dollars of upside” in a world of “monetary policy without limits” where central banks print lots of money and low or negative interest rates prevail, said Parrilla, who joined the firm as managing director of commodities last month. He’s worked at Goldman Sachs Group Inc. and Bank of America Merrill Lynch.
“As some of the excesses in other asset classes get unwound, gold will perform very strongly,” said 43-year-old Parrilla, who has almost 20 years experience in precious-metals markets. The “perfect storm scenario will mean that gold will perform best when other classes are doing worst.”
While gold has climbed 24 percent this year amid low or negative rates, it slumped more than 40 percent from its record in 2011 through the end of last year to what Parrilla called “very oversold, very distressed” levels. With the downside only a few hundred dollars, the risk-to-reward ratio is extremely asymmetric and skewed to the upside, he said in an interview on Sept. 14.
In the first of two monetary-policy announcements on Wednesday, the Bank of Japan shifted the focus of stimulus from expanding the money supply to controlling interest rates, which some economists deemed as further evidence that BOJ policy had reached the limits of its effectiveness. The Federal Reserve is also due to make a policy decision, with traders seeing the probability for an interest-rate hike at only 22 percent.
Bloomberg: Gold Rising to $4,000 An Ounce ‘Would Not Be an Unreasonable Move,’ Fund Manager Says.
Bloomberg: Gold Rising to $4,000 An Ounce ‘Would Not Be an Unreasonable Move,’ Fund Manager Says,
Stocks and bonds may be in an asset bubble, as record-low interest rates and a tremendous increase in the money supply have sent prices soaring this year. Add gold, which has risen 35% to $2,049 an ounce Aug. 5, to the list.
But Michael Cuggino, CEO of the Permanent Portfolio Family of Funds, says gold can move a lot higher. It would “not be an unreasonable move” for gold to breach $4,000, he said in an interview.
A long wait for a big move
First, take a look at this chart showing how monthly prices for an ounce of gold (per continuous gold contracts on the New York Mercantile Exchange) have moved over the past 30 years:
You can see the triple bottom from the end of 2015 through November 2018.
“Ever since then, it has been gradual move up, then some down. It moves sometimes in big chunks, gives some back, sits around and does nothing, reacts to stimulus, inflation, the value of dollar and euro ... but it has had an aggressive move this year,” Cuggino said.
Gold may extend gains as money is being pumped into the U.S. economy, the dollar is declining, and investors are fearful that inflation may return, he said.
Cuggino warned of pullbacks even during a long-term move up, as did Nigam Arora, who wrote that gold is an appropriate hedge against stocks.
The case for gold being relatively cheap
When looking back at how gold and stock prices have moved over the very long term, Cuggino said gold is still trading at an inexpensive level when compared with stocks.
Different crisis, different response
Cuggino said the quick and tremendous reaction to the COVID-19 pandemic by the federal government and the Federal Reserve was completely different from the actions taken during and after the 2008 credit crisis.
“In 2008, the fiscal policies didn’t matter much for economic gain. GDP didn’t grow because of stimuli. Monetary assistance from the Fed basically stayed in the banking system,” he said.
But now, because of programs meant to help small business, the payments made to individuals and families through the CARES Act and the loan payment deferral programs, stimulus is “much more targeted to get money out to consumers,” Cuggino said.
This points to a long-term concern and bullish possibilities for gold
“Even though we have deflation now, eventually with excess raw materials, in a growing economy, the velocity of all that money can produce inflation risk,” he concluded.
I had a wonderful experience working with this company. The representative I worked with guided me throughtout the entire process, I had no issues with my puchase and I received my metals within the time they told me I would recommend this company to anyone.
I recommend Patriot Gold group for precious metal investments. Mike who was the primary account manager for the investment transactions I made in September is very well informed and professional. Excellent and thorough group of investors. So far all of the decisions I made with Mike's advice have been profitable and successful.
I recently purchased a variety of gold and silver coins. I am completely satisfied with the service I received in dealing with Patriot Gold Group and would highly recommend them to anyone investing in precious metals.