1 oz American Gold Eagle

The 1 oz American Gold Eagle is one of the United States' most iconic gold bullion coins, first released in 1986. It is part of the American Eagle bullion program, which also includes silver, platinum, and palladium coins. The Gold Eagle is renowned for its historical design and gold content, making it a popular choice among investors and collectors.

Why is the Coin Famous?

The 1 oz American Gold Eagle coin is notable for its classic design and high gold purity. The obverse side features Augustus Saint-Gaudens' iconic depiction of Lady Liberty, holding a torch and an olive branch, with the U.S. Capitol building in the background. The reverse side, designed by Miley Busiek, showcases a male eagle carrying an olive branch flying above a nest containing a female eagle and her hatchlings. This imagery symbolizes family, strength, and the enduring spirit of America. The coin's weight, gold content, and purity are guaranteed by the United States government, adding to its credibility and appeal.

Who Designed the Coin and Why?

The obverse design of the 1 oz American Gold Eagle was created by Augustus Saint-Gaudens, a prominent American sculptor, for the $20 Double Eagle coin in the early 20th century. This design was chosen for its beauty and historical significance, symbolizing liberty and freedom. The reverse design was crafted by Miley Busiek and features a family of eagles, representing unity and strength. These designs were chosen to evoke America's values and heritage.

Coin Specifications and Symbolism

• Weight: 1 troy ounce (31.1035 grams)
• Gold Content: 91.67% gold (22 karats)
• Diameter: 32.7 mm
• Thickness: 2.87 mm
• Edge: Reeded

The 1 oz American Gold Eagle contains 1 troy ounce of pure gold, alloyed with small amounts of silver and copper to enhance durability. This results in a total gold content of 91.67%, with the remaining 8.33% comprising silver and copper.

American Gold Eagle Coin Value

While the intrinsic value of the 1 oz American Gold Eagle is tied to the current market price of gold, certain mintage years and mint marks can add numismatic value. For example, coins from the initial release year of 1986 and other low mintage years can be more valuable to collectors. Additionally, coins with mint marks indicating limited production runs or specific mints, such as the 'W' for the West Point Mint, can carry a premium.

The coin's value is largely determined by its gold content, which is 1 troy ounce of pure gold, making it a reliable investment vehicle. However, its historical design and the prestige of being backed by the U.S. government also contribute to its appeal among numismatists and investors alike.

The 1 oz American Gold Eagle stands as a testament to American heritage, symbolizing liberty, strength, and unity. Its combination of historical design and guaranteed gold content makes it a sought-after coin for both investment and collection purposes.

1 oz Gold Eagle Auctions