American Eagle Gold Coins come in four sizes ranging from 1/10 to 1 ounce. Produced by the U.S. Mint, Eagles are probably the most popular and trustworthy gold bullion investment available. Eagles contain 91.67% pure gold, 5.33% copper (which is why gold eagles are more coppery in appearance) and 3% silver. This alloy is tougher than pure, .999 gold and results in coins that are less easily scratched or damaged. Despite the alloy mix, a 1 Ounce Gold Eagle coin is guaranteed to contain 1 troy ounce of pure gold. The extra metals in the alloy adds additional weight to Gold Eagle coins, resulting in coins that weigh more than their stated gold content weight or stated size.
|Image||Size / Gold Weight||Physical Gold Product||Face Value||Product Details||Best JM Bullion Price|
|1 Oz. Coin||One Ounce Gold American Eagle||$50.00||2013 Uncirculated||View|
|1/2 Oz. Coin||One Half Ounce Gold American Eagle||$25.00||2013 Uncirculated||View|
|1/4 Oz. Coin||One Quarter Ounce Gold American Eagle||$10.00||2013 Uncirculated||View|
|1/10 Oz. Coin||One Tenth Ounce Gold American Eagle||$5.00||2013 Uncirculated||View|
The table above lists each Gold American Eagle coin along with pricing at one of the most competitive online gold bullion dealers on the Internet. Listed prices represent the lowest price available when paying by wire as opposed to credit card. Links will take you to the specific product page for that size Gold Eagle. View PMBull’s guide to Buying Physical Gold Bullion for more gold investment choices and tips on buying gold at the best price.
American Eagle Gold Coin Size Facts
Here are some additional facts about the physical properties of each size / weight of Gold Eagles:
1 Ounce Gold Eagles have a face value of $50.00 and contain 1 troy ounce of pure gold. Each coin weighs 1.0909 troy oz. or 33.93 grams, has a diameter of 32.70 millimeters and are 2.87 millimeters thick. 1/2 Ounce Gold Eagles have a face value of $25.00 and contain 1/2 troy ounce of pure gold. Each coin weighs .5454 troy oz. or 16.965 grams, has a diameter of 27 millimeters and are 2.24 millimeters thick. 1/4 Ounce Gold Eagles have a face value of $10.00 and contain 1/4 troy ounce of pure gold. Each coin weighs .2727 troy oz. or 8.483 grams, has a diameter of 22 millimeters and are 1.83 millimeters thick. 1/10 Ounce Gold Eagles have a face value of $10.00 and contain 1/10 troy ounce of pure gold. Each coin weighs 0.1091 troy oz. or 3.393 grams, has a diameter of 22 millimeters and are 1.83 millimeters thick.
Keep in mind that the face value of Gold Eagles is the legal value as an actual U.S. coin. The difference here is that U.S. Mint Gold Eagles contain precious metals with a significantly higher intrinsic value. The gold (and silver) content results in a coin that is worth many times the face value of the coin itself. In fact, if you think about it, the actual difference between face value and market value represents the loss of purchasing power in Fiat paper currency over the years. Unfortunately, not even the U.S. Mint will sell us their gold coins for their face value.
What is the Best Size of Gold Eagles to Buy?
The best size for Eagles depends on your investment goals. Generally, the 1 oz. coins will carry a lower total premium over spot price than smaller denomination coins. However, the 1/10 ounce or 1/4 ounce coins may be more convenient, or a better fit for new gold buyers or a gold buyer with a limited budget.
Just be aware that the convenience of lower weight bullion coins comes at a cost and that cost is a higher premium over spot price..
If you can’t really decide what makes sense for you, you might choose to split your investment between the lower premium 1 Ounce Gold Eagles and the slightly more convenient 1/2 Ounce Gold Eagles. Ultimately, it really won’t make that big of a difference, because all American Eagle coins are liquid and easily sold.