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
Gold American Eagle Coin Details
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 Will Outlive Dollar Once Slaughter Comes
Bloomberg: Gold Will Outlive Dollar Once Slaughter Comes
The world’s monetary system is in the process of melting down. We have entered the endgame for the dollar as the dominant reserve currency, but most investors and policy makers are unaware of the implications.
The only questions are how long the denouement of the dollar reserve system will last, and how much more damage will be inflicted by new rounds of quantitative easing or more radical monetary measures to prop up the system.
Whether prolonged or sudden, the transition to a stable monetary system will become possible only when the shortcomings of the status quo become unbearable. Such a transition is, by definition, nonlinear. So central-bank soothsaying based on the extrapolation of historical data and the repetition of conventional wisdom offers no guidance on what lies ahead.
It’s amazing that there is no intelligent discourse among policy leaders on the subject of monetary rot and its implications for the future economic and political landscape. Until there is fundamental monetary reform on an international scale, most economic forecasts aren’t worth the paper on which they are written.
Telltale signs of future trouble aren’t hard to spot. Only a few months ago, Federal Reserve Chairman Ben Bernanke and a chorus of other high-ranking Fed officials were talking about exit strategies from the U.S. central bank’s bloated balance sheet and the financial system’s unprecedented excess liquidity. Now, those same officials are talking about pumping more money into the system to stimulate growth.
And they’re not alone: Six months ago, the chief economist of the International Monetary Fund, Olivier Blanchard, suggested that raising inflation targets to 4 percent from 2 percent wouldn’t be too risky.
This sort of talk must grate on the nerves of our trading partners, China, India, Russia and others, who have accumulated pyramids of non-yielding Treasury debt. No haven there. Return- free risk may be a better way to put it. And bickering among central bankers over currency manipulation and rising trade tensions doesn’t exactly reinforce one’s confidence in a scenario of sustained economic growth and a return to prosperity.
The prospects for an orderly unwinding of the extreme posture of global monetary policy are zero. Bernanke, Jean- Claude Trichet and Mervyn King, his counterparts in Europe and the U.K. respectively, are huddling en masse upon the most precarious perch in the history of monetary affairs. These alleged guardians of monetary stability, in their attempts to shore up the system, have simply created the incinerator for paper money. We are past the point of no return. Quantitative easing may well become a way of life.
No Freak Occurrence
The consensus investment view seems to be that the credit crisis of 2008 was a freak occurrence, unlikely to repeat. That is wishful thinking. Monetary policy has painted itself into a corner. Based on our present course, there will be more bubbles and more meltdowns.
Financial markets and institutions sense trouble, as reflected in the flight to supposedly safe assets such as Treasuries and corporate-debt instruments with paltry yields, as well as the reluctance to lend by commercial banks. We are stuck in an epic liquidity trap. The irony is, if global central banks succeed in creating inflation, the value of these safe assets will be destroyed. It is a slaughter waiting to happen.
In the pedantic mentality of central bankers, their playbook creates just the right amount of inflation. As inflation accelerates, consumers will spend to get rid of their dollars of diminishing value and spur the economy. Once consumers start spending, it will be time to raise interest rates because a solid foundation for prosperity will have been established, they say.
But whatever the playbook promises, the capacity of financial markets to overshoot can’t be overestimated. The belief among policy makers and financial markets in the possibility of this sort of fine-tuning is preposterous, but it is the slender thread on which remaining investment and business confidence rests.
The breakdown of the monetary system will be chaotic. When inflation commences, it will be highly disruptive. The damage to fixed-income assets will seem instantaneous. Foreign-exchange markets will become dysfunctional. The economy will become even more fragile and unpredictable.
Gold is an imperfect, but comparatively reliable, market gauge for the extent of current and future monetary destruction. The recent acceleration in the dollar price of the metal to $1,381, a record high in nominal terms, coincided with talk of a new round of quantitative easing and highly visible discord among major nations on trade and currency-valuation issues.
Naysayers point to gold’s price and see a bubble, without understanding that the only acceleration that is taking place is in the rate of decline of paper currency. The Fed is organizing an attack on the dollar’s value, believing that this is the most expedient way to defuse deflationary market forces. The man in the street is unaware, a perfect setup. Inflation can only be successful when the public doesn’t see it coming.
The sudden torrent of commentary on gold isn’t the sign of a bubble. Anti-gold pundits provide a great service to those who grasp this historical moment: They facilitate the advantageous positioning of the one asset most likely to be left standing when the dust settles.
John Hathaway is a managing director of Tocqueville Asset Management LP in New York. The opinions expressed are his own.)
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.