Sell American Gold Eagle Coins in Las Vegas | American Gold Eagle Value
The American Gold Eagle is the official gold bullion coin of the United States of America. The United States established the Gold Bullion Act of 1985. This Act allowed the Government to introduce the first Gold Eagles to the public later in 1986. It is one popular gold bullion coin that investors buy and sell. Learn more about selling American Eagle Gold coins and the value of American Gold Eagle.
Value of American Gold Eagle Coins
Gold Eagles are 22-karat gold coins, and since it is a gold bullion coin, it generally follows the market value of gold rather than its face value. It comes with a fineness of 0.9167 or 91.67% or 22/24 pure gold with 5.33% copper and 3% silver to produce a coin that is resistant to wear. The price of gold, like all other goods, tends to fluctuate. The face value of the Gold Eagles is proportional to its weight, except for the ¼ oz coin. With 1 ounce of fine gold or 311.103 grams, the American Gold Eagle coin’s gross weight is more than a troy ounce at 1.0909 ozs or 33.93 grams.
American Gold Eagle has four denominations that have corresponding face values. For instance, 1/10 of an ounce has a face value of $5, ¼ ounce has $10, ½ ounce has $25, and 1 ounce has $50. However, these face values do not directly tell the gold content of each. The lower the fraction of these coins, the larger their premiums.
Likewise, the current spot price of gold, which changes regularly, is another major factor to consider. So if you plan on selling your American Gold Eagle and want to get a high price, learning about the price of gold is a good idea. To learn more about the price of gold, click here.
Sell American Gold Eagle Coin in Vegas
If you want to sell your American Gold Eagle coin, Nevada Coin Mart is the best place to sell it! Nevada Coin Mart has over two decades of experience dealing with bullion coins. Our expertise when it comes to bullion coins is unparalleled. In fact, we are a 12-time winner of the best of Las Vegas by the Las Vegas Review-Journal.
We evaluate and analyze your coins to ensure that you are getting the best offer. For more information, call us at 702-998-4000 or visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103. We are open 365 times a year, from 9 am to 6 pm.
The Gold Bullion Act of 1985 authorized the American Gold Eagle coin’s first production in 1986, along with the American Silver Eagle coin. The law provides that coins shall be of 22-karat gold with silver and copper to make them harder. It also mandates that manufacturers use gold from natural deposits within the United States to make these coins.
Long before that, President Theodore Roosevelt’s personal invitation to Augustus Saint-Gaudens allowed for the creation of gold bullion. Saint-Gaudens was a renowned sculptor back then. Historians claim that President Roosevelt had a massive interest in the design of the American coins that circulated in the early 1900s.
On December 27, 1904, President Roosevelt wrote to the Treasury Secretary Leslie Mortier Shaw to push through with the idea of coming up with a new design without asking the permission of Congress to employ Gaudens as the artist or designer. President Roosevelt chose Saint-Gaudens because of his outstanding achievements, which met the requirements to make a new coin design during the time.
He was one of the first Americans to study sculpture at the Ecole des Beaux-Arts in Paris. Among his stunning creations were the Puritan, a bronze sculpture for Merrick Park in Springfield, a 12-foot bronze statue of Abraham Lincoln called Massachusetts for Lincoln Park in Chicago, and the Diana, an 18-foot statue of the Roman goddess of the hunt. These remarkable creations convinced President Roosevelt to hire Saint-Gaudens for the American Gold Eagle design.
Gold Eagle as the First Gold Bullion Coin
American Gold Eagle was not the first gold bullion coin based on historical records. When the South African Krugerrand was illegalized because of the Republic’s social segregation, which resulted in limitations in the trade industry in the US, the gold eagle was created. The United States used these incidents to seize the opportunity to create bullion coins.
Design of American Gold Eagle Coin
Augustus Saint-Gaudens designed the obverse of the American Gold Eagle. It has inscriptions of the word and image of “Liberty” and its year. It features a full-length figure of the Lady Liberty with flowing hair, with a torch and an olive branch in her right and left hands, respectively. The Capitol Building is used as the background of the coin. As commissioned by former President Roosevelt, he wanted to have a coin that depicts the ancient Greek and Roman coins.
On the other hand, the coin’s reverse was designed by Miley Frances Busiek. The other side of the coin features inscriptions such as “The United States of America,” “E Pluribus Unum,” and “In God We Trust.”
Meanwhile, the coin also features an image of a male eagle flying above the nest of a mother eagle and its hatchlings while carrying an olive branch. These specific inscriptions are believed to signify the United States’ origin and identity.
The American Gold Eagle coins have come in four formats since their release. Among these are bullion coins that are well-struck and have decent quality on their surface, burnished coins, proof coins, and reverse proof coins. The burnished coins have a matte-like appearance and a soft and excellent texture. Proof coins are higher in terms of their visual quality and on the level of characters, while reverse proof coins are made with characters in their entirety shaped as mirror-like and with frosted finishing.