The American gold Eagle from the
U.S. Mint are the most popular gold bullion coin in this country, and make up over 80% of the
U.S.. physical gold bullion market. This bullion gold Eagle has been a tremendous success for
the U.S. Mint.
For both large and small purchases, the American Eagles are
our biggest seller in gold bullion. And, although in the long run it may not matter which form
of gold bullion you decide to purchase, there are good reasons for buying Eagles:
- They are low-cost bullion products that are easy to buy and
sell at reasonable price spreads.
- They are easy to store, because they're issued in space-saving
Treasury tubes, instead of the more cumbersome individual packaging that comes with all sizes
of Kangaroos, Dragons, Pandas, and the fractional-size Canadian Maples.
- They are made of tough 22karat gold (91.7% pure), a much more
scuff-resistant material than the pure (99.9% or better) forms of bullion.
- Some of the various sizes of gold Eagles may have a value
to collectors in the future based on their scarcity. A strong after-market has already developed
as collectors look to complete their sets going back to 1986 - particularly scarce are some
of the low-mintage half- and quarter-ounce Eagles from the early 1990's.
Eagles are struck bearing a modified version of a design by
Augustus St. Gaudens which graced the old $20 U.S. gold coins issued from 1907 to 1933.
The one ounce size Eagle is very close in size to the older
$20 coin, but was arbitrarily assigned a nominal face value of $50. Logically, the tenth-ounce
version has a $5 face value, and the half-ounce a $25 value.
But, following the lead of the Royal Canadian Mint in dismissing
with any common sense in assigning legal tender valuations to gold bullion coins, the Mint
slapped a $10 face value to the quarter-ounce Eagle. Of course, any school-child could have
pointed out 1/4 of $50 is $12.50, but the committee that decided to call it $10 obviously lacked
even one bright child among them. |
We recommend gold American Eagles
as our first choice for gold bullion purchases in the U.S.
Eagles are also the largest component of our U.S. Treasury
gold portfolio. The coins featured here, and in our U.S. Treasury gold portfolio, are all Mint-fresh
current year dated gold bullion Eagles.
For larger purchases, Eagles come from the Mint in original
sealed high-impact plastic boxes weighing approximately 40 pounds. Each box contains 500 pure
ounces of gold in one size, with the coins packed tight in sealed Treasury tubes.
The one-ounce Eagle box contains 25 tubes of 20 coins each.
The half-ounce Eagle box contains 25 tubes of 40 coins each.
The quarter-ounce Eagle box contains 50 tubes, with 40 coins
in each.
The tenth-ounce Eagle box has 100 tubes,
with 50 coins in each tube.
The one-ounce Eagle coin has a $50 nominal face value, is
91.67% fine gold, and weighs 1.0909 troy ounces. The most popular size bullion coin, it is
issued 20 coins per Treasury tube. Its diameter is 32.7 mm, thickness 2.87 mm.
The half-ounce Eagle coin has a $25 nominal face value, is
91.67% fine gold, and weighs .5455 troy ounce. The least popular size bullion coin, and often
the lowest mintage, it is issued 40 coins per Treasury tube. Diameter is 27mm, thickness 2.15mm.
The quarter-ounce Eagle coin has a $10 nominal face value,
is 91.67% fine gold, and weighs .2727 troy ounce. About the size of a nickel, it is popular
in jewelry. It is issued 40 coins per Treasury tube. Its diameter is 22mm, its thickness 1.78
mm.
The tenth-ounce Eagle coin is a $5 face value coin, 91.67%
fine gold (22 karat), and weighs .1091 troy ounce. Smaller than a dime, it is a popular small
gift item. It is issued 50 coins to a Treasury tube. Diameter 16.5 mm, thickness 1.26mm. |
