Discover the 2023 Gold Eagle coin, now available at a low premium above the gold spot price. Manufactured by the United States Mint, it is the official gold bullion coin of the USA, authorised under the Gold Bullion Coin Act of 1985. As the most traded gold coin in North America, it remains a highly popular choice for investors.

Why Buy a 1oz American Eagle Gold Coin?

The American Eagle is the most well-known gold bullion coin in the United States. It holds legal tender status, making it highly liquid within the country. Internationally, Gold American Eagles are also widely recognised and easy to trade. Since their introduction, these coins have remained in high demand due to their historical significance and striking design, making them a valuable addition to any investment portfolio.

American Eagle gold bullion coins are an excellent choice for US investors looking to add physical gold to their portfolios. They also offer tax advantages when held under Individual Retirement Account (IRA) plans.

Like the Gold Krugerrand, the American Eagle is made from 22-carat gold, with a composition of 91.67% gold, 3% silver, and 5.33% copper. This alloy increases the coin’s durability, making it more resistant to wear and ideal for transport. The weight, content, and purity of American Eagle gold coins are fully guaranteed by the US government.

Brief History of the $50 Gold Eagle

Before purchasing American Eagle gold coins, it is important to understand their historical significance. The original American Eagle gold coins date back to 1792, when their face value was set at $10 under the Coinage Act of that year. The term “eagle” was used to denote the $10 gold piece, while smaller denominations included the Quarter Eagle ($2.50), Half Eagle ($5), and Double Eagle ($20).

Gold Eagle coins were discontinued in 1933 during the Great Depression when President Franklin D. Roosevelt issued a decree to prevent bank failures, leading the United States to abandon the gold standard. However, growing demand for a modern US gold coin led to petitions for its return. In 1985, President Ronald Reagan signed the Gold Bullion Coin Act, allowing the US Mint to produce the $50 American Gold Eagle using gold sourced from US mines. First issued in 1986, the coin quickly gained popularity among investors and collectors.

The United States Mint is the sole producer of American Gold Eagle coins, striking them from .9167 fine gold. They are minted exclusively at the West Point facility in New York, identifiable by the “W” mint mark on uncirculated versions.

Why Buy 1oz Gold Coins?

One-ounce gold coins are widely traded in the bullion market and provide an effective way to divide precious metal holdings into smaller, more manageable units. While a 1kg gold bar offers a lower cost per gram, it lacks the flexibility of smaller denominations.

Investing in 1oz gold bullion coins improves liquidity, allowing investors to sell part of their holdings as needed rather than liquidating a large bar. This added flexibility makes the slightly higher premium over the spot price a worthwhile investment.