Coin College: Learn about the 1 ounce Gold American Eagle

2013 Gold American Eagle Coins

2013 1 oz Gold American EagleThe 2013 Gold American Eagle coins have finally been released by the United States Mint to authorized purchasers. The most popular official Gold bullion coin of the United States, the Gold Eagle has become one of the most recognized and sought after coins on the world market.

Since its release by the U.S. Mint in 1986, the Gold Eagle has featured the same basic design. The obverse depicts Lady Liberty as designed by Augustus Saint-Gaudens for the 1907 Double Eagle. She holds a torch in her right hand and an olive branch in her left hand as she walks forward with the Capitol building in Washington, D.C. behind her. The reverse of the Gold Eagle illustrates a nest of American eagles, a symbol of American nationalism and pride and a nod to the American family.

Available in 1 oz, 1/2 oz, 1/4 oz and 1/10 oz sizes, and featuring patriotic images, the 2013 Gold American Eagle appeals to both collectors and investors alike. Gold Eagles are also eligible for Precious Metals IRA accounts and can potentially enhance any coin collection or investment portfolio. Having gained international popularity since its debut, the Gold American Eagle is a coin that will most likely continue to attract attention from Gold purchasers all over the world.

Buy your all new 2013 Gold Eagles in your preferred size from APMEX today. APMEX makes it easy to invest in Gold by offering competitive Gold prices on all Gold American Eagle coins.


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8 cool facts about the Gold American Eagle

  1. This is one of the official Gold bullion coins of the United States.
  2. These coins are produced at the West Point Mint in West Point, New York. The Proof and burnished uncirculated coins carry the mint’s mark (“W”) beneath the date.
  3. The Gold Eagle is offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz sizes
  4. By law, the Gold used for American Eagles must come from sources in America. The Gold is alloyed with Silver and Copper to produce a more wear-resistant coin.
  5. The Gold Eagle is .9167 fine, or 22 karat Gold, but each Gold Eagle has an actual Gold weight of 1 troy ounce. The coins are authorized by the United States Congress and are backed by the United States government for weight and content.
  6. Are you a collector? The United States Mint also produces a Proof version for coin collectors.
  7. The obverse of the Gold American Eagle features a rendition of the Augustus Saint-Gaudens design for the $20 Gold Double Eagle coin from 1907. This famed design depicts Lady Liberty lifting high a torch in one hand and holding an olive branch in the other.
  8. The reverse is designed by Miley Busiek and shows a male eagle holding an olive branch in flight above his nest where a female eagle awaits with her young.

Do you own an American Gold Eagle? Like, Share, Tweet and Blog about this piece of American history.


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How to Start Investing in Bullion Coins

1oz 1984 Krugerrand Transferred from en.wikipedia

Image via Wikipedia

Paul Montgomery, EVP of Purchasing and Merchandising at APMEX, was on our Facebook page taking questions about investing in bullion coins. Below is a recap of some of the questions he received. Like us on Facebook to stay informed about future chats, promotional offers and sweepstakes.

Q: Can you tell us the difference between major bullion coins?

PM: Let’s start with gold. What we consider the major bullion coins here in the United States is different than what might be the case in Canada or Europe. For instance in the US, the most commonly traded bullion coin is the US American Eagle. The second is the Canadian Maple Leaf, third the Krugerrand and finally the Austrian Philharmonic. Each of these coins is a one oz coins which means that their base value is exactly the same. That said there are various differences in the designs which are all pleasing and subject to the “eye of the beholder” test. At the root they are all exactly the same value. The premiums to the metal do vary from coin to coin.

Q: What drives the relative price of bullion coins?

PM: It’s really as simple as supply and demand. Each of the different products has a finite available supply at any given moment in time. They are all being produced on a regular basis so the key word in my sentence is “available” supply. For example, if the demand for Austrian Philharmonics rises to the point where the available supply can’t meet the demand, the premium to spot will rise until the supply/demand factors align. It’s all about how many can we get and how many do you want!

Q: What is the best option to avoid the premiums? Or rather, what are the lowest prices over spot for silver?

PM: I am a huge advocate of our own APMEX branded products, but really any privately made bullion coins from a credible source are going to offer the lowest premium to melt. Our APMEX rounds are stamped on the same silver blanks that the US Mint uses to make American Eagles…neat little trivia question.

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