The American Eagle Coin Series is produced and released annually by the US Mint. The Coin Series was established by law with the passage of the Liberty Coin Act of 1985.
The American Gold Eagle is one of the official sovereign gold bullion coins of the United States authorized with the inclusion of the Gold Bullion Coin Act of 1985. The American Eagle Gold Coin is, along with the American Buffalo Gold coin, an official US Mint sovereign gold coin.
The term "eagle" had previous been used as a colloquial designation of US currency and is frequently used as a designation for pre-1933 $10 dollar gold coins.
For today's designation, the weight of the bullion coin is typically added when describing American Eagle Gold Coins (e.g., "American Gold Eagle 1/2-ounce coin", or 1/2 oz AGE) to avoid confusion. This is particularly apparent with the quarter ounce (1/4 oz) American Gold Eagle, which has a marked face value of $10 USD, same as that of the pre-1933 $10 Gold Eagle.
From 1986-1991 American Gold Eagle coins were minted with Roman numerals for dates. Starting in 1992, the US Mint switch to using Arabic numbers for Gold Eagle dates.
The fractional gold denominations of the American Gold Eagle coins are identical in design to the 1 troy oz coin except for the marking on the coin's reverse that indicate weight and face value.
American Gold Eagle coins are legal tender in the United States at their face values. The face values of the coins are significantly less than the intrinsic value of the gold from which they are minted.
To commemorate the 35th anniversary in 2021, the US Mint released the first design changes to the coin series since its origination.
The design changes came part way through the mintage year due to the supply of raw materials needed for production related to the pandemic.
The nomenclature used to describe the two different 2021 American Gold Eagle coins are noted with a Type 1 or Type 2 designation. The Type 1 designation is used to identify American Eagle Gold coins that were minted with the original reverse design. The Type 2 designation is used to identify American Eagle Gold coins that were minted with the new reverse design.
The table below shows the last five years of mintage by denomination of Gold Eagles.
A complete mintage history of the American Eagle coin series, including proofs and other special coins belonging to the series, is available in our blog post about American Gold Eagle Coin Mintages
|Year||1 oz||1/2 oz||1/4 oz||1/10 oz|
Some characterists are shared across all four denominations:
Each of the currency denominations of the American Eagle Gold coin series are composed of 22 karat gold. This mixing of the gold into alloy with silver and copper, provides strength and rigidness to the coin that allows it to hold up to the durability needed for circulating currency.
The ratio of gold to other metals is measured as 91.67% gold. The remaining 8.33% is composed of 3% silver and 5.33% copper.
The copper in the alloy gives coins in the American Eagle Gold coin series additional strength and gives the coins an orange hue that causes them to stand out when compared to 24k gold coins.
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