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Money Metals Exchange was named Best in the USA because of our high-quality educational content, great pricing, and white-glove customer service.
*Prices will automatically update every minute
Total Price Each
|1 - 9||$56.95||$1,251.80|
|10 - 19||$51.95||$1,246.80|
|20 - 49||$46.95||$1,241.80|
Please Call For Our Best Pricing! 1-800-800-1865
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(4.8 out of 5)
Money Metals Exchange is pleased to make available the highly popular American Gold Eagle series in the 1 oz gold bullion size, produced by the U.S. Mint since 1986. Each Golden Eagle value is based on its gold content, but it also carries a legal tender value of $50 US (1 oz), $25 US (1/2 oz), $10 US (1/4 oz) and $5 US (1/10 oz). The Golden Eagle's weight, content, and purity is guaranteed by the United States Government. While the Gold American Eagle coins contains either a full troy ounce of gold (or 1/2 oz, 1/4 oz or 1/10 oz depending on the specific size), by weight it is 91.67% gold (22 karat), 3% silver, and 5.33% copper.
Here is more about the product, specifications, and purchase price:
Gold Coin Specifications
Introduced in 1986 by the United States Mint, the American Gold Eagle series, minted in four different sizes:
The front (obverse) of the coin looks similar to the 1907-1933 twenty-dollar gold piece and its depiction of a robed lady Liberty, designed by Augustus Saint-Gaudens.
The back (reverse) of the coin is adorned by a family of eagles, and the words “United States of America”, “In God We Trust”, “E Pluribus Unum”, the face value, and the gold weight of the coin.
American gold coins were originally authorized by the Coinage Act of 1792 and served as coins of the realm until 1933. They were removed from circulation by Franklin Roosevelt’s controversial executive order which lasted until 1972.
President Nixon rescinded Roosevelt’s executive order which banned private ownership of gold bullion at the same time as he slammed shut the “gold window”. His action removed the last vestige of gold backing from the US dollars – dollars could no longer be redeemed by any party for gold. But at least Americans could once again build personal reserves.
Prior to 1933, gold coins circulated with denominations of $20, $10, $5 and $2.50. The modern 1 oz gold American Eagle carries a denomination of $50 – a tiny fraction of its actual value based on metal content. Officials do not want gold coins to re-enter circulation or to be spent, in competition with fiat (paper) dollars. Rather the coins are traded by dealers and investors, priced at just above the current melt-value of 1 troy ounce of gold.
The one-ounce American Gold Eagle coins started being produced in 1986 after the Gold Bullion Act of 1985 passed. The act authorized the US Mint to produce American Gold Eagle coins, but only from gold mined inside the US.
Today, investors can get American Eagle coins in silver, gold, platinum or palladium.
One-ounce American Gold Eagle coins have gold weight and purity that is guaranteed by the Federal government.
From 1986 through 1991, the US Mint used Roman Numerals to date the coins. From 1992 on, the coins feature traditional Arabic Numerals.
Gold Eagles are produced in a 22-karat alloy, called "crown gold," which was originally formulated in 1526 by King Henry VIII. The coins contain 91.67 percent gold with the remaining balance in copper and silver. Each coin is marked by weight, which is the actual amount of gold weight in troy ounces. Coins marked 1 oz contain a full troy ounce of gold content with some additional weight attributable to the silver and copper alloy metals. That means the gross weight of these coins is slightly greater than 1 troy ounce.
The packaging of 1 oz. American Gold Eagle coins will vary depending on the number of coins purchased. Quantities of 9 or fewer are shipped well protected in plastic coin flips. Ten or more coins will be placed in original mint tubes which can contain up to 20 coins; whereas, 500 gold coins are shipped in the original red “monster” boxes.
The $50 face value of the 1 ounce coin is marked on the reverse side, but that should not be confused with the coin’s value or price. The actual value of the coin is based upon its gold content and will fluctuate with the market price of gold in the commodities markets.
Though the one-ounce American Gold Eagle have a face value and are legal tender, their purpose is different. Gold coins are not intended to be spent with a merchant, at least not unless the merchant is willing to recognize the coin’s actual value. Instead, they are an investment and a hedge against the perpetual devaluation of the US dollar.
American Gold Eagle coins are very popular and the US Mint’s guarantee of weight and adds some value. For this reason, these coins often carry a slight premium – perhaps 1 - 2% - versus comparable gold coins from elsewhere in the world.
The market value of the one-ounce coin is directly related to its value on the commodity exchanges, such as the COMEX. Like shares in a publicly traded company, gold futures contracts are bought and sold on a continuous basis during the trading day. The price, sometimes referred to as the “spot price”, will fluctuate from moment to moment.
Money Metals Exchange reports and displays the live pricing for gold at the top of our website.
Finding the total price of a one-ounce American Gold Eagle coin requires taking the “spot price”and then adding a “premium” to it. Premiums vary, depending on the item and quantity involved. They are determined by the production cost of the coin, and the profit margin included by the dealer. Like most products in any market, buying in quantity generally means lower cost.
For people who want to buy gold coins regularly, lower premiums are available for those who join our monthly membership plan.
More and more investors are holding American Eagles inside of retirement accounts, in addition to more traditional stocks and bonds. Gold Eagles can be held inside “self-directed” Individual Retirement Accounts (IRA's). They are the only exception to the IRS requirement that physical precious metals be at least .999 pure to be eligible for inclusion.
Investors should beware of precious metals dealers who market “proof” or collectible versions of American Eagles for IRAs. IRS rules prevent most numismatic coins in retirement accounts, but a loophole allows rare coin dealers to offer “proof” Eagles. These are typically very overpriced and will not perform nearly as well as regular bullion coins.
Gold American Eagles are the most popular and liquid bullion coin in the world. They are also among the most beautiful. The modest additional premium that investors pay to purchase these coins will almost certainly be returned to them when it is time to sell them. In other words, the beauty, trust and confidence offered by American Eagles makes them a cut above, whether you are buying or selling.
|Mint Facility:||U.S. Mint|
|Date:||1986 to Present|
|Quality / Type:||Bullion, Uncirculated|
|Purity:||91.67% gold (22 karat), 3% silver, 5.33% copper|
|Gold Weight:||1 oz. - 1 troy ounce (1.0909 gross)|
|Diameter:||1 oz. - 1.287 inches (32.70 mm)|
|Obverse Design:||Standing Liberty|
|Reverse Design:||Nesting Eagles|
We are buying this item back daily, and we pay you promptly!
Our current buy pricing is $1,188.85 each and we will buy up to 100 ounces at this price. Simply call us on any weekday to lock pricing at 1-800-800-1865.
Learn more about the process for selling to us here.
By Richard J. on August 9th, 2018
I have dealt with MMX several times. This last time, I was a little "sloppy" and didn't read the fine print. I ordered the coin and chose to use PayPal. There was a high premium over the price which turned from a good deal to bad. I emailed MMX and got a follow up that offered to refund the premium price when my check payment cleared. Excellent service. I will continue to buy from them and be more careful at checkout. Rich
By Maxwell M. on June 4th, 2018
MMX is the best. I ordered 4 1oz gold eagles and I got all 2009 year. They arrived in BU condition and I couldn't be happier. Another thing I liked was I was able to pay via ACH and avoid paying a bank wire fee. The only downside was they had to hold my payment for 5 business days so I had to be patient. Once my payment cleared and ordered shipped, it arrived in 2 business days! Super fast shipping and great customer service. The only place to buy precious metals!
By Dahlia A. on March 1st, 2018
Great customer service. Highly recommend.
By John S. on January 23rd, 2018
It cost more but I think the value of it will far out weigh the price five years from now. This is the kind of coin the government will not seize as a numismatic coin. I had wanted a MS 70 but it sold out before I could get my order in so don't delay if you see something your really want. MMX is a high profile exchange with buyers coming in from all over the world. This company sends out their coins quickly. However the management was so attentive to my request they quickly responded to me and gave me a gracious alternative. Not too many sales companies in gold like this one! Insure your future buy bullion but invest for long term!
By Christian D. on January 15th, 2018
An excellent product delivered in an expeditious manner, thank you!