One Ounce Gold Eagles

Quick Facts About One Ounce Gold Eagles

President Ronald Reagan signed the Gold Bullion Coin Act of 1985 into law, ordering the US Mint to begin issuing coins that would be minted from gold mined in the United States. The act's goal was to provide an investment option for Americans looking to invest in physical gold.

• Composition and Weight: The 1 oz Gold Eagle has a total weight of 1.0909 troy ounces (or 33.931 grams), of which one troy ounce (or 31.1035 grams) is pure gold. The remaining weight is made up of copper and silver, giving the coin a more durable and scratch-resistant finish than a pure gold coin.
• Design: The obverse side of the Gold Eagle features a modified rendition of the Saint-Gaudens Double Eagle design, which is considered one of the most beautiful American coin designs. It depicts Lady Liberty in front of the sun's rays with the Capitol building at her feet. The reverse side of the Type 1 was designed by Miley Busiek and shows a male bald eagle carrying an olive branch to his nest, where a female eagle and their hatchlings await.
• Value: The 1 oz Gold Eagle has a face value of $50, but its actual market value is determined by the current price of gold and any premiums charged or paid by the seller.
• Use: While Gold Eagles are legal tender, their primary use is for investment purposes and as a way for individuals to own physical gold. Mintages vary from year to year and premiums on older year coins are increasing steadily.

How to buy the cheapest One Ounce Gold Eagles

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